Canon Inc Stock Market Value
| CAJFF Stock | USD 31.50 1.25 3.82% |
| Symbol | Canon |
Canon '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 Canon'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 Canon.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Canon on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Canon Inc or generate 0.0% return on investment in Canon over 30 days. Canon is related to or competes with Arista Networks, Dell Technologies, HP, NetApp, Western Digital, Seagate Technology, and Super Micro. Canon Inc., together with its subsidiaries, manufactures and sells office multifunction devices , plain paper copying ma... More
Canon 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 Canon'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 Canon Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 2.75 |
Canon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canon's standard deviation. In reality, there are many statistical measures that can use Canon historical prices to predict the future Canon's volatility.| Risk Adjusted Performance | 0.0036 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.21) |
Canon Inc Backtested Returns
Canon Inc secures Sharpe Ratio (or Efficiency) of -0.0113, which signifies that the company had a -0.0113% return per unit of risk over the last 3 months. Canon Inc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canon's Mean Deviation of 1.2, risk adjusted performance of 0.0036, and Standard Deviation of 2.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0847, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canon is expected to be smaller as well. At this point, Canon Inc has a negative expected return of -0.0249%. Please make sure to confirm Canon's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Canon Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Canon Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Canon time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Canon Inc price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Canon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Canon Inc lagged returns against current returns
Autocorrelation, which is Canon 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 Canon's pink sheet expected returns. We can calculate the autocorrelation of Canon returns to help us make a trade decision. For example, suppose you find that Canon 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 |
Canon 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 Canon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canon Lagged Returns
When evaluating Canon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canon pink sheet have on its future price. Canon 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, Canon autocorrelation shows the relationship between Canon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canon Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canon Pink Sheet
Canon financial ratios help investors to determine whether Canon 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 Canon with respect to the benefits of owning Canon security.