Canon Marketing (Germany) Market Value
| CNJ Stock | EUR 31.00 0.60 1.97% |
| Symbol | Canon |
Canon Marketing '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 Canon Marketing'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 Canon Marketing.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Canon Marketing on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Canon Marketing Japan or generate 0.0% return on investment in Canon Marketing over 510 days. Canon Marketing is related to or competes with Gol Intelligent, New Residential, Southwest Airlines, Apollo Investment, SLR Investment, JAPAN AIRLINES, and HK Electric. Canon Marketing Japan Inc. markets and sells Canon products and related solutions in Japan More
Canon Marketing 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 Canon Marketing'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 Canon Marketing Japan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.24 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.29 |
Canon Marketing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canon Marketing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canon Marketing's standard deviation. In reality, there are many statistical measures that can use Canon Marketing historical prices to predict the future Canon Marketing's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.0467 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3219 |
Canon Marketing Japan Backtested Returns
At this point, Canon Marketing is very steady. Canon Marketing Japan secures Sharpe Ratio (or Efficiency) of 0.0465, which signifies that the company had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Canon Marketing Japan, which you can use to evaluate the volatility of the firm. Please confirm Canon Marketing's Downside Deviation of 1.77, mean deviation of 1.26, and Risk Adjusted Performance of 0.0431 to double-check if the risk estimate we provide is consistent with the expected return of 0.0743%. Canon Marketing has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canon Marketing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canon Marketing is expected to be smaller as well. Canon Marketing Japan right now shows a risk of 1.6%. Please confirm Canon Marketing Japan information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Canon Marketing Japan will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
Canon Marketing Japan has good predictability. Overlapping area represents the amount of predictability between Canon Marketing time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Canon Marketing Japan price movement. The serial correlation of 0.76 indicates that around 76.0% of current Canon Marketing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
Canon Marketing Japan lagged returns against current returns
Autocorrelation, which is Canon Marketing 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 Canon Marketing's stock expected returns. We can calculate the autocorrelation of Canon Marketing returns to help us make a trade decision. For example, suppose you find that Canon Marketing 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 |
Canon Marketing 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 Canon Marketing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canon Marketing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canon Marketing stock over time.
Current vs Lagged Prices |
| Timeline |
Canon Marketing Lagged Returns
When evaluating Canon Marketing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canon Marketing stock have on its future price. Canon Marketing 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, Canon Marketing autocorrelation shows the relationship between Canon Marketing stock current value and its past values and can show if there is a momentum factor associated with investing in Canon Marketing Japan.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canon Stock
Canon Marketing financial ratios help investors to determine whether Canon 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 Canon with respect to the benefits of owning Canon Marketing security.