Accelerate Canadian Long Stock Market Value
| ATSX Stock | CAD 26.59 0.08 0.30% |
| Symbol | Accelerate |
Accelerate Canadian '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 Accelerate Canadian's stock 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 Accelerate Canadian.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Accelerate Canadian on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Accelerate Canadian Long or generate 0.0% return on investment in Accelerate Canadian over 270 days. Accelerate Canadian is related to or competes with Trican Well, Ensign Energy, Calfrac Well, and Birchcliff Energy. ACCELERATE ENHANCED is traded on Toronto Stock Exchange in Canada. More
Accelerate Canadian 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 Accelerate Canadian's stock 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 Accelerate Canadian Long upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7455 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.24 |
Accelerate Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accelerate Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accelerate Canadian's standard deviation. In reality, there are many statistical measures that can use Accelerate Canadian historical prices to predict the future Accelerate Canadian's volatility.| Risk Adjusted Performance | 0.124 | |||
| Jensen Alpha | 0.0908 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.9007 |
Accelerate Canadian Long Backtested Returns
As of now, Accelerate Stock is very steady. Accelerate Canadian Long secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Accelerate Canadian Long, which you can use to evaluate the volatility of the firm. Please confirm Accelerate Canadian's risk adjusted performance of 0.124, and Mean Deviation of 0.5522 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Accelerate Canadian has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Accelerate Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accelerate Canadian is expected to be smaller as well. Accelerate Canadian Long right now shows a risk of 0.71%. Please confirm Accelerate Canadian Long market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Accelerate Canadian Long will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Accelerate Canadian Long has very weak predictability. Overlapping area represents the amount of predictability between Accelerate Canadian time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Accelerate Canadian Long price movement. The serial correlation of 0.18 indicates that over 18.0% of current Accelerate Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Accelerate Canadian Long lagged returns against current returns
Autocorrelation, which is Accelerate Canadian stock'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 Accelerate Canadian's stock expected returns. We can calculate the autocorrelation of Accelerate Canadian returns to help us make a trade decision. For example, suppose you find that Accelerate Canadian has exhibited high autocorrelation historically, and you observe that the stock 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 |
Accelerate Canadian 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 Accelerate Canadian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accelerate Canadian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accelerate Canadian stock over time.
Current vs Lagged Prices |
| Timeline |
Accelerate Canadian Lagged Returns
When evaluating Accelerate Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accelerate Canadian stock have on its future price. Accelerate Canadian 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, Accelerate Canadian autocorrelation shows the relationship between Accelerate Canadian stock current value and its past values and can show if there is a momentum factor associated with investing in Accelerate Canadian Long.
Regressed Prices |
| Timeline |
Pair Trading with Accelerate Canadian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Accelerate Canadian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Accelerate Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Accelerate Stock
Moving against Accelerate Stock
The ability to find closely correlated positions to Accelerate Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accelerate Canadian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accelerate Canadian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accelerate Canadian Long to buy it.
The correlation of Accelerate Canadian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accelerate Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accelerate Canadian Long moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Accelerate Canadian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Accelerate Stock
Accelerate Canadian financial ratios help investors to determine whether Accelerate 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 Accelerate with respect to the benefits of owning Accelerate Canadian security.