Cae Inc Stock Market Value
| CAE Stock | CAD 32.60 0.11 0.34% |
| Symbol | CAE |
CAE Inc Price To Book Ratio
CAE '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 CAE'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 CAE.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in CAE on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding CAE Inc or generate 0.0% return on investment in CAE over 180 days. CAE is related to or competes with CGI, S A P, Canadian Pacific, and Finning International. CAE Inc., together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and ... More
CAE 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 CAE'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 CAE Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.168 | |||
| Maximum Drawdown | 13.75 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.81 |
CAE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CAE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAE's standard deviation. In reality, there are many statistical measures that can use CAE historical prices to predict the future CAE's volatility.| Risk Adjusted Performance | 0.1809 | |||
| Jensen Alpha | 0.4277 | |||
| Total Risk Alpha | 0.1521 | |||
| Sortino Ratio | 0.1956 | |||
| Treynor Ratio | 1.34 |
CAE Inc Backtested Returns
CAE appears to be very steady, given 3 months investment horizon. CAE Inc secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By evaluating CAE's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of CAE's coefficient of variation of 439.01, and Mean Deviation of 1.31 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CAE holds a performance score of 18. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CAE's returns are expected to increase less than the market. However, during the bear market, the loss of holding CAE is expected to be smaller as well. Please check CAE's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether CAE's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
CAE Inc has modest reverse predictability. Overlapping area represents the amount of predictability between CAE time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 CAE Inc price movement. The serial correlation of -0.48 indicates that about 48.0% of current CAE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 7.45 |
CAE Inc lagged returns against current returns
Autocorrelation, which is CAE 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 CAE's stock expected returns. We can calculate the autocorrelation of CAE returns to help us make a trade decision. For example, suppose you find that CAE 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 |
CAE 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 CAE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CAE stock over time.
Current vs Lagged Prices |
| Timeline |
CAE Lagged Returns
When evaluating CAE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAE stock have on its future price. CAE 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, CAE autocorrelation shows the relationship between CAE stock current value and its past values and can show if there is a momentum factor associated with investing in CAE Inc.
Regressed Prices |
| Timeline |
When determining whether CAE Inc is a strong investment it is important to analyze CAE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CAE's future performance. For an informed investment choice regarding CAE Stock, refer to the following important reports:
Check out CAE Correlation, CAE Volatility and CAE Alpha and Beta module to complement your research on CAE. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
CAE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.