Canlan Competitors
| CNLFF Stock | USD 2.97 0.00 0.00% |
Canlan Ice vs Western Capital Correlation
Very weak diversification
The correlation between Canlan Ice Sports and WCRS is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canlan Ice Sports and WCRS in the same portfolio, assuming nothing else is changed.
Moving together with Canlan Pink Sheet
Moving against Canlan Pink Sheet
Canlan Ice Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Canlan Ice and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Canlan and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Canlan Ice Sports does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Canlan Pink Sheet performing well and Canlan Ice Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Canlan Ice's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KGAUF | 0.16 | 0.07 | 0.00 | (3.58) | 0.00 | 0.00 | 5.26 | |||
| WKGBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HKTVY | 0.97 | (0.04) | 0.00 | (0.02) | 0.00 | 3.47 | 23.63 | |||
| HOCXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YUMSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KCKSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RKGXF | 0.33 | (0.20) | 0.00 | (0.74) | 0.00 | 0.00 | 11.11 | |||
| VKSC | 2.31 | (0.31) | 0.00 | 0.72 | 0.00 | 6.74 | 37.47 | |||
| WCRS | 0.78 | 0.38 | 0.00 | 1.59 | 0.00 | 0.31 | 14.39 |
Canlan Ice Competitive Analysis
The better you understand Canlan Ice competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Canlan Ice's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Canlan Ice's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Canlan Ice Competition Performance Charts
Five steps to successful analysis of Canlan Ice Competition
Canlan Ice's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Canlan Ice Sports in relation to its competition. Canlan Ice's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Canlan Ice in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Canlan Ice's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Canlan Ice Sports, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Other Information on Investing in Canlan Pink Sheet
Canlan Ice financial ratios help investors to determine whether Canlan 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 Canlan with respect to the benefits of owning Canlan Ice security.