Canfor Pulp Products Stock Alpha and Beta Analysis
| CFX Stock | CAD 0.86 0.03 3.61% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canfor Pulp Products. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canfor Pulp over a specified time horizon. Remember, high Canfor Pulp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canfor Pulp's market risk premium analysis include:
Beta (0.23) | Alpha (0.19) | Risk 3.31 | Sharpe Ratio (0.03) | Expected Return (0.10) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Canfor |
Canfor Pulp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canfor Pulp market risk premium is the additional return an investor will receive from holding Canfor Pulp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canfor Pulp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canfor Pulp's performance over market.| α | -0.19 | β | -0.23 |
Canfor Pulp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canfor Pulp's Buy-and-hold return. Our buy-and-hold chart shows how Canfor Pulp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canfor Pulp Market Price Analysis
Market price analysis indicators help investors to evaluate how Canfor Pulp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canfor Pulp shares will generate the highest return on investment. By understating and applying Canfor Pulp stock market price indicators, traders can identify Canfor Pulp position entry and exit signals to maximize returns.
Canfor Pulp Return and Market Media
The median price of Canfor Pulp for the period between Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 0.92 with a coefficient of variation of 5.15. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 0.91, and mean deviation of 0.04. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Canfor Pulp Products Inc. and Canfor Corporation Announce Third Quarter Results Conference Call - Yahoo Canada Finance | 09/23/2024 |
2 | What is Raymond James Forecast for TSECFX FY2026 Earnings - MarketBeat | 10/23/2024 |
3 | Canfor Pulp Products Third Quarter 2024 Earnings CA2. loss per share - Simply Wall St | 11/01/2024 |
About Canfor Pulp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canfor or other stocks. Alpha measures the amount that position in Canfor Pulp Products has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2020 | 2023 (projected) | Dividend Yield | 0.007684 | 0.008836 | Price To Sales Ratio | 0.54 | 0.13 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canfor Pulp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canfor Pulp's short interest history, or implied volatility extrapolated from Canfor Pulp options trading.
Build Portfolio with Canfor Pulp
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Other Information on Investing in Canfor Stock
Canfor Pulp financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor Pulp security.