CDN IMPERIAL (Germany) Market Value
| CAI Stock | EUR 61.19 0.05 0.08% |
| Symbol | CDN |
CDN IMPERIAL '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 CDN IMPERIAL's 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 CDN IMPERIAL.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CDN IMPERIAL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CDN IMPERIAL BANK or generate 0.0% return on investment in CDN IMPERIAL over 540 days. CDN IMPERIAL is related to or competes with SIMS METAL, Sterling Construction, Jacquet Metal, Australian Agricultural, and Nufarm. More
CDN IMPERIAL 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 CDN IMPERIAL's 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 CDN IMPERIAL BANK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6595 | |||
| Information Ratio | 0.1872 | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.79 |
CDN IMPERIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDN IMPERIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDN IMPERIAL's standard deviation. In reality, there are many statistical measures that can use CDN IMPERIAL historical prices to predict the future CDN IMPERIAL's volatility.| Risk Adjusted Performance | 0.2588 | |||
| Jensen Alpha | 0.2797 | |||
| Total Risk Alpha | 0.1462 | |||
| Sortino Ratio | 0.2384 | |||
| Treynor Ratio | (4.40) |
CDN IMPERIAL BANK Backtested Returns
CDN IMPERIAL appears to be very steady, given 3 months investment horizon. CDN IMPERIAL BANK secures Sharpe Ratio (or Efficiency) of 0.33, which signifies that the company had a 0.33% return per unit of risk over the last 3 months. We have found thirty technical indicators for CDN IMPERIAL BANK, which you can use to evaluate the volatility of the firm. Please makes use of CDN IMPERIAL's risk adjusted performance of 0.2588, and Mean Deviation of 0.649 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CDN IMPERIAL holds a performance score of 25. The firm shows a Beta (market volatility) of -0.062, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CDN IMPERIAL are expected to decrease at a much lower rate. During the bear market, CDN IMPERIAL is likely to outperform the market. Please check CDN IMPERIAL's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether CDN IMPERIAL's price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
CDN IMPERIAL BANK has very good predictability. Overlapping area represents the amount of predictability between CDN IMPERIAL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 CDN IMPERIAL BANK price movement. The serial correlation of 0.84 indicates that around 84.0% of current CDN IMPERIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 40.52 |
CDN IMPERIAL BANK lagged returns against current returns
Autocorrelation, which is CDN IMPERIAL 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 CDN IMPERIAL's stock expected returns. We can calculate the autocorrelation of CDN IMPERIAL returns to help us make a trade decision. For example, suppose you find that CDN IMPERIAL 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 |
CDN IMPERIAL 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 CDN IMPERIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDN IMPERIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDN IMPERIAL stock over time.
Current vs Lagged Prices |
| Timeline |
CDN IMPERIAL Lagged Returns
When evaluating CDN IMPERIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDN IMPERIAL stock have on its future price. CDN IMPERIAL 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, CDN IMPERIAL autocorrelation shows the relationship between CDN IMPERIAL stock current value and its past values and can show if there is a momentum factor associated with investing in CDN IMPERIAL BANK.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for CDN Stock Analysis
When running CDN IMPERIAL's price analysis, check to measure CDN IMPERIAL's 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 CDN IMPERIAL is operating at the current time. Most of CDN IMPERIAL's value examination focuses on studying past and present price action to predict the probability of CDN IMPERIAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CDN IMPERIAL's price. Additionally, you may evaluate how the addition of CDN IMPERIAL to your portfolios can decrease your overall portfolio volatility.