Canaf Investments Stock Market Value
| CAFZF Stock | USD 0.21 0.02 8.70% |
| Symbol | Canaf |
Canaf Investments '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 Canaf Investments' 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 Canaf Investments.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Canaf Investments on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Canaf Investments or generate 0.0% return on investment in Canaf Investments over 720 days. Canaf Investments is related to or competes with Corsa Coal, Alpha Metallurgical, and Arch Resources. Canaf Investments Inc., together with its subsidiaries, processes anthracite coal into de-volatized anthracite in Canada... More
Canaf Investments 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 Canaf Investments' 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 Canaf Investments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0778 | |||
| Maximum Drawdown | 64.17 |
Canaf Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canaf Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canaf Investments' standard deviation. In reality, there are many statistical measures that can use Canaf Investments historical prices to predict the future Canaf Investments' volatility.| Risk Adjusted Performance | 0.082 | |||
| Jensen Alpha | 0.8897 | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.46) |
Canaf Investments Backtested Returns
Canaf Investments appears to be out of control, given 3 months investment horizon. Canaf Investments secures Sharpe Ratio (or Efficiency) of 0.0959, which signifies that the company had a 0.0959% return per unit of risk over the last 3 months. By analyzing Canaf Investments' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Canaf Investments' Standard Deviation of 7.5, risk adjusted performance of 0.082, and Mean Deviation of 1.8 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Canaf Investments holds a performance score of 7. The firm shows a Beta (market volatility) of -1.54, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Canaf Investments are expected to decrease by larger amounts. On the other hand, during market turmoil, Canaf Investments is expected to outperform it. Please check Canaf Investments' skewness, as well as the relationship between the day median price and relative strength index , to make a quick decision on whether Canaf Investments' price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Canaf Investments has very good reverse predictability. Overlapping area represents the amount of predictability between Canaf Investments time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Canaf Investments price movement. The serial correlation of -0.67 indicates that around 67.0% of current Canaf Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canaf Investments lagged returns against current returns
Autocorrelation, which is Canaf Investments 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 Canaf Investments' pink sheet expected returns. We can calculate the autocorrelation of Canaf Investments returns to help us make a trade decision. For example, suppose you find that Canaf Investments 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 |
Canaf Investments 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 Canaf Investments pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canaf Investments pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canaf Investments pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canaf Investments Lagged Returns
When evaluating Canaf Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canaf Investments pink sheet have on its future price. Canaf Investments 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, Canaf Investments autocorrelation shows the relationship between Canaf Investments pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canaf Investments.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canaf Pink Sheet
Canaf Investments financial ratios help investors to determine whether Canaf 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 Canaf with respect to the benefits of owning Canaf Investments security.