Cardinal Energy Stock Market Value
| CRLFF Stock | USD 4.70 0.04 0.84% |
| Symbol | Cardinal |
Cardinal Energy '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 Cardinal Energy's 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 Cardinal Energy.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Cardinal Energy on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Cardinal Energy or generate 0.0% return on investment in Cardinal Energy over 330 days. Cardinal Energy is related to or competes with Tamarack Valley, Pine Cliff, MEG Energy, Headwater Exploration, Freehold Royalties, Birchcliff Energy, and Gear Energy. Cardinal Energy Ltd. engages in the acquisition, exploration, and production of crude oil and natural gas in the provinc... More
Cardinal Energy 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 Cardinal Energy's 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 Cardinal Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.34 |
Cardinal Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardinal Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardinal Energy's standard deviation. In reality, there are many statistical measures that can use Cardinal Energy historical prices to predict the future Cardinal Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.41) |
Cardinal Energy Backtested Returns
Cardinal Energy secures Sharpe Ratio (or Efficiency) of -0.0259, which signifies that the company had a -0.0259% return per unit of risk over the last 3 months. Cardinal Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cardinal Energy's Standard Deviation of 1.23, mean deviation of 0.9848, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cardinal Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cardinal Energy is expected to be smaller as well. At this point, Cardinal Energy has a negative expected return of -0.0319%. Please make sure to confirm Cardinal Energy's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Cardinal Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Cardinal Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Cardinal Energy time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd 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 Cardinal Energy price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Cardinal Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cardinal Energy lagged returns against current returns
Autocorrelation, which is Cardinal Energy 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 Cardinal Energy's pink sheet expected returns. We can calculate the autocorrelation of Cardinal Energy returns to help us make a trade decision. For example, suppose you find that Cardinal Energy 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 |
Cardinal Energy 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 Cardinal Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardinal Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardinal Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cardinal Energy Lagged Returns
When evaluating Cardinal Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardinal Energy pink sheet have on its future price. Cardinal Energy 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, Cardinal Energy autocorrelation shows the relationship between Cardinal Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cardinal Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cardinal Pink Sheet
Cardinal Energy financial ratios help investors to determine whether Cardinal 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 Cardinal with respect to the benefits of owning Cardinal Energy security.