Canaf Investments Stock Market Value
| CAF Stock | CAD 0.27 0.02 6.90% |
| Symbol | Canaf |
Canaf Investments '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 Canaf Investments' stock 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 Canaf Investments.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Canaf Investments on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Canaf Investments or generate 0.0% return on investment in Canaf Investments over 30 days. Canaf Investments is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Canaf Investments Inc., together with its subsidiaries, processes anthracite coal into de-volatized anthracite in South ... More
Canaf Investments 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 Canaf Investments' stock 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 Canaf Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.49 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.68 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 7.14 |
Canaf Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canaf Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canaf Investments' standard deviation. In reality, there are many statistical measures that can use Canaf Investments historical prices to predict the future Canaf Investments' volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | 0.1461 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.09) |
Canaf Investments Backtested Returns
At this stage we consider Canaf Stock to be out of control. Canaf Investments secures Sharpe Ratio (or Efficiency) of 0.0199, which signifies that the company had a 0.0199% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canaf Investments, which you can use to evaluate the volatility of the firm. Please confirm Canaf Investments' Mean Deviation of 2.66, downside deviation of 5.49, and Risk Adjusted Performance of 0.0231 to double-check if the risk estimate we provide is consistent with the expected return of 0.0807%. Canaf Investments has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Canaf Investments are expected to decrease at a much lower rate. During the bear market, Canaf Investments is likely to outperform the market. Canaf Investments right now shows a risk of 4.05%. Please confirm Canaf Investments downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Canaf Investments will be following its price patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
Canaf Investments has weak reverse predictability. Overlapping area represents the amount of predictability between Canaf Investments time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Canaf Investments price movement. The serial correlation of -0.22 indicates that over 22.0% of current Canaf Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canaf Investments lagged returns against current returns
Autocorrelation, which is Canaf Investments stock'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 Canaf Investments' stock expected returns. We can calculate the autocorrelation of Canaf Investments returns to help us make a trade decision. For example, suppose you find that Canaf Investments has exhibited high autocorrelation historically, and you observe that the stock 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 |
Canaf Investments 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 Canaf Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canaf Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canaf Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Canaf Investments Lagged Returns
When evaluating Canaf Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canaf Investments stock have on its future price. Canaf Investments 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, Canaf Investments autocorrelation shows the relationship between Canaf Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Canaf Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Canaf Stock Analysis
When running Canaf Investments' price analysis, check to measure Canaf Investments' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canaf Investments is operating at the current time. Most of Canaf Investments' value examination focuses on studying past and present price action to predict the probability of Canaf Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canaf Investments' price. Additionally, you may evaluate how the addition of Canaf Investments to your portfolios can decrease your overall portfolio volatility.