Alimentation Couchen Tard Stock Market Value
| ANCTF Stock | USD 56.31 1.02 1.84% |
| Symbol | Alimentation |
Alimentation Couchen '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 Alimentation Couchen'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 Alimentation Couchen.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Alimentation Couchen on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Alimentation Couchen Tard or generate 0.0% return on investment in Alimentation Couchen over 180 days. Alimentation Couchen is related to or competes with Burlington Stores, Childrens Place, Buckle, Shoe Carnival, Urban Outfitters, American Eagle, and Abercrombie Fitch. Alimentation Couche-Tard Inc. operates and licenses convenience stores More
Alimentation Couchen 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 Alimentation Couchen'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 Alimentation Couchen Tard upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.0 |
Alimentation Couchen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alimentation Couchen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alimentation Couchen's standard deviation. In reality, there are many statistical measures that can use Alimentation Couchen historical prices to predict the future Alimentation Couchen's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alimentation Couchen's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alimentation Couchen Tard Backtested Returns
Alimentation Couchen Tard secures Sharpe Ratio (or Efficiency) of -0.0294, which signifies that the company had a -0.0294% return per unit of risk over the last 3 months. Alimentation Couchen Tard exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alimentation Couchen's Standard Deviation of 1.37, mean deviation of 1.05, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alimentation Couchen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alimentation Couchen is expected to be smaller as well. At this point, Alimentation Couchen Tard has a negative expected return of -0.0408%. Please make sure to confirm Alimentation Couchen's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Alimentation Couchen Tard performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Alimentation Couchen Tard has modest reverse predictability. Overlapping area represents the amount of predictability between Alimentation Couchen time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd of November 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 Alimentation Couchen Tard price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Alimentation Couchen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 |
Alimentation Couchen Tard lagged returns against current returns
Autocorrelation, which is Alimentation Couchen 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 Alimentation Couchen's pink sheet expected returns. We can calculate the autocorrelation of Alimentation Couchen returns to help us make a trade decision. For example, suppose you find that Alimentation Couchen 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 |
Alimentation Couchen 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 Alimentation Couchen pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alimentation Couchen pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alimentation Couchen pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Alimentation Couchen Lagged Returns
When evaluating Alimentation Couchen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alimentation Couchen pink sheet have on its future price. Alimentation Couchen 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, Alimentation Couchen autocorrelation shows the relationship between Alimentation Couchen pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alimentation Couchen Tard.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Alimentation Pink Sheet
Alimentation Couchen financial ratios help investors to determine whether Alimentation 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 Alimentation with respect to the benefits of owning Alimentation Couchen security.