Chemtrade Logistics Income Stock Market Value
| CGIFF Stock | USD 7.79 0.08 1.04% |
| Symbol | Chemtrade |
Chemtrade Logistics '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 Chemtrade Logistics' 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 Chemtrade Logistics.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Chemtrade Logistics on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Chemtrade Logistics Income or generate 0.0% return on investment in Chemtrade Logistics over 180 days. Chemtrade Logistics is related to or competes with Supercom, Forsys Metals, Enersys, CECO Environmental, GoHealth, Old Republic, and Jacobs Solutions. Chemtrade Logistics Income Fund offers industrial chemicals and services in Canada, the United States, and South America More
Chemtrade Logistics 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 Chemtrade Logistics' 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 Chemtrade Logistics Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0061 | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.65 |
Chemtrade Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemtrade Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemtrade Logistics' standard deviation. In reality, there are many statistical measures that can use Chemtrade Logistics historical prices to predict the future Chemtrade Logistics' volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.0747 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | (0.50) |
Chemtrade Logistics Backtested Returns
At this point, Chemtrade Logistics is not too volatile. Chemtrade Logistics secures Sharpe Ratio (or Efficiency) of 0.0474, which signifies that the company had a 0.0474% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chemtrade Logistics Income, which you can use to evaluate the volatility of the firm. Please confirm Chemtrade Logistics' risk adjusted performance of 0.0419, and Mean Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0714%. Chemtrade Logistics has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chemtrade Logistics are expected to decrease at a much lower rate. During the bear market, Chemtrade Logistics is likely to outperform the market. Chemtrade Logistics right now shows a risk of 1.51%. Please confirm Chemtrade Logistics treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Chemtrade Logistics will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
Chemtrade Logistics Income has average predictability. Overlapping area represents the amount of predictability between Chemtrade Logistics time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Chemtrade Logistics price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Chemtrade Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Chemtrade Logistics lagged returns against current returns
Autocorrelation, which is Chemtrade Logistics 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 Chemtrade Logistics' pink sheet expected returns. We can calculate the autocorrelation of Chemtrade Logistics returns to help us make a trade decision. For example, suppose you find that Chemtrade Logistics 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 |
Chemtrade Logistics 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 Chemtrade Logistics pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemtrade Logistics pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemtrade Logistics pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Chemtrade Logistics Lagged Returns
When evaluating Chemtrade Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemtrade Logistics pink sheet have on its future price. Chemtrade Logistics 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, Chemtrade Logistics autocorrelation shows the relationship between Chemtrade Logistics pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Chemtrade Logistics Income.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chemtrade Pink Sheet
Chemtrade Logistics financial ratios help investors to determine whether Chemtrade 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 Chemtrade with respect to the benefits of owning Chemtrade Logistics security.