Cascades Stock Market Value
| CADNF Stock | USD 7.89 0.22 2.71% |
| Symbol | Cascades |
Cascades 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cascades' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cascades.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Cascades on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cascades or generate 0.0% return on investment in Cascades over 30 days. Cascades is related to or competes with TriMas, Myers Industries, Reynolds Consumer, and Pactiv Evergreen. Cascades Inc. produces, converts, and markets packaging and tissue products in Canada and the United States More
Cascades Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cascades' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cascades upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.0476 | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.72 |
Cascades Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cascades' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cascades' standard deviation. In reality, there are many statistical measures that can use Cascades historical prices to predict the future Cascades' volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | 0.1404 | |||
| Total Risk Alpha | 0.0301 | |||
| Sortino Ratio | 0.0264 | |||
| Treynor Ratio | (0.96) |
Cascades Backtested Returns
At this point, Cascades is somewhat reliable. Cascades secures Sharpe Ratio (or Efficiency) of 0.0312, which signifies that the company had a 0.0312% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cascades, which you can use to evaluate the volatility of the firm. Please confirm Cascades' Mean Deviation of 1.03, downside deviation of 3.45, and Risk Adjusted Performance of 0.0658 to double-check if the risk estimate we provide is consistent with the expected return of 0.0595%. Cascades has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cascades are expected to decrease at a much lower rate. During the bear market, Cascades is likely to outperform the market. Cascades right now shows a risk of 1.9%. Please confirm Cascades treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to decide if Cascades will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Cascades has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cascades time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cascades price movement. The serial correlation of -0.71 indicates that around 71.0% of current Cascades price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Cascades lagged returns against current returns
Autocorrelation, which is Cascades pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cascades' pink sheet expected returns. We can calculate the autocorrelation of Cascades returns to help us make a trade decision. For example, suppose you find that Cascades has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cascades regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cascades pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cascades pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cascades pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cascades Lagged Returns
When evaluating Cascades' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cascades pink sheet have on its future price. Cascades autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cascades autocorrelation shows the relationship between Cascades pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cascades.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cascades Pink Sheet
Cascades financial ratios help investors to determine whether Cascades Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cascades with respect to the benefits of owning Cascades security.