Condor Energies Stock Market Value
| CDR Stock | 2.34 0.12 5.41% |
| Symbol | Condor |
Condor Energies Price To Book Ratio
Condor Energies '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 Condor Energies' 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 Condor Energies.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Condor Energies on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Condor Energies or generate 0.0% return on investment in Condor Energies over 30 days. Condor Energies is related to or competes with Canaf Investments, Highwood Asset, CNJ Capital, and Westshore Terminals. Condor Energies is entity of Canada. It is traded as Stock on TO exchange. More
Condor Energies 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 Condor Energies' 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 Condor Energies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0701 | |||
| Maximum Drawdown | 27.28 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 7.66 |
Condor Energies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Condor Energies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Condor Energies' standard deviation. In reality, there are many statistical measures that can use Condor Energies historical prices to predict the future Condor Energies' volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.3972 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.1048 | |||
| Treynor Ratio | 2.47 |
Condor Energies Backtested Returns
Condor Energies appears to be very risky, given 3 months investment horizon. Condor Energies secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Condor Energies' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Condor Energies' Risk Adjusted Performance of 0.0871, downside deviation of 2.78, and Mean Deviation of 2.88 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Condor Energies holds a performance score of 9. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Condor Energies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Condor Energies is expected to be smaller as well. Please check Condor Energies' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Condor Energies' price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Condor Energies has modest reverse predictability. Overlapping area represents the amount of predictability between Condor Energies time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Condor Energies price movement. The serial correlation of -0.48 indicates that about 48.0% of current Condor Energies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Condor Energies lagged returns against current returns
Autocorrelation, which is Condor Energies 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 Condor Energies' stock expected returns. We can calculate the autocorrelation of Condor Energies returns to help us make a trade decision. For example, suppose you find that Condor Energies 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 |
Condor Energies 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 Condor Energies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Condor Energies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Condor Energies stock over time.
Current vs Lagged Prices |
| Timeline |
Condor Energies Lagged Returns
When evaluating Condor Energies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Condor Energies stock have on its future price. Condor Energies 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, Condor Energies autocorrelation shows the relationship between Condor Energies stock current value and its past values and can show if there is a momentum factor associated with investing in Condor Energies.
Regressed Prices |
| Timeline |
Pair Trading with Condor Energies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Condor Energies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Condor Energies will appreciate offsetting losses from the drop in the long position's value.Moving together with Condor Stock
Moving against Condor Stock
The ability to find closely correlated positions to Condor Energies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Energies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Condor Energies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Condor Energies to buy it.
The correlation of Condor Energies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Condor Energies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Energies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Condor Energies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Condor Stock
Condor Energies financial ratios help investors to determine whether Condor Stock 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 Condor with respect to the benefits of owning Condor Energies security.