Autocanada Stock Market Value
| AOCIF Stock | USD 13.29 0.05 0.37% |
| Symbol | AutoCanada |
AutoCanada '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 AutoCanada'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 AutoCanada.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in AutoCanada on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding AutoCanada or generate 0.0% return on investment in AutoCanada over 90 days. AutoCanada is related to or competes with Vroom, Kaixin Auto, Uxin, U Power, Cango, Carvana, and Sonic Automotive. AutoCanada Inc., through its subsidiaries, operates franchised automobile dealerships More
AutoCanada 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 AutoCanada'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 AutoCanada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 8.22 | |||
| Potential Upside | 4.22 |
AutoCanada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AutoCanada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AutoCanada's standard deviation. In reality, there are many statistical measures that can use AutoCanada historical prices to predict the future AutoCanada's volatility.| Risk Adjusted Performance | 0.15 | |||
| Jensen Alpha | 0.2829 | |||
| Total Risk Alpha | 0.0505 | |||
| Treynor Ratio | 9.18 |
AutoCanada Backtested Returns
AutoCanada appears to be very steady, given 3 months investment horizon. AutoCanada secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for AutoCanada, which you can use to evaluate the volatility of the firm. Please makes use of AutoCanada's Standard Deviation of 1.57, mean deviation of 0.6929, and Risk Adjusted Performance of 0.15 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AutoCanada holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0312, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AutoCanada's returns are expected to increase less than the market. However, during the bear market, the loss of holding AutoCanada is expected to be smaller as well. Please check AutoCanada's skewness, as well as the relationship between the rate of daily change and price action indicator , to make a quick decision on whether AutoCanada's price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
AutoCanada has good predictability. Overlapping area represents the amount of predictability between AutoCanada time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 AutoCanada price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current AutoCanada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
AutoCanada lagged returns against current returns
Autocorrelation, which is AutoCanada 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 AutoCanada's pink sheet expected returns. We can calculate the autocorrelation of AutoCanada returns to help us make a trade decision. For example, suppose you find that AutoCanada 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 |
AutoCanada 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 AutoCanada pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AutoCanada pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AutoCanada pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AutoCanada Lagged Returns
When evaluating AutoCanada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AutoCanada pink sheet have on its future price. AutoCanada 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, AutoCanada autocorrelation shows the relationship between AutoCanada pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AutoCanada.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AutoCanada Pink Sheet
AutoCanada financial ratios help investors to determine whether AutoCanada 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 AutoCanada with respect to the benefits of owning AutoCanada security.