Canadian Western Bank Stock Market Value
| CBWBF Stock | USD 42.23 0.39 0.92% |
| Symbol | Canadian |
Canadian Western '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 Canadian Western'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 Canadian Western.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Canadian Western on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Western Bank or generate 0.0% return on investment in Canadian Western over 30 days. Canadian Western is related to or competes with Invesco High, Blackrock Muniholdings, Nuveen California, MFS Investment, and Federated Premier. Canadian Western Bank provides personal and business banking products and services primarily in Western Canada More
Canadian Western 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 Canadian Western'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 Canadian Western Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1674 | |||
| Maximum Drawdown | 11.35 | |||
| Potential Upside | 2.12 |
Canadian Western Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Western's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Western's standard deviation. In reality, there are many statistical measures that can use Canadian Western historical prices to predict the future Canadian Western's volatility.| Risk Adjusted Performance | 0.2009 | |||
| Jensen Alpha | 0.3703 | |||
| Total Risk Alpha | 0.1391 | |||
| Treynor Ratio | (2.18) |
Canadian Western Bank Backtested Returns
At this point, Canadian Western is very steady. Canadian Western Bank secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the company had a 0.31% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Canadian Western Bank, which you can use to evaluate the volatility of the firm. Please confirm Canadian Western's Mean Deviation of 0.6085, risk adjusted performance of 0.2009, and Standard Deviation of 1.41 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Canadian Western has a performance score of 24 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canadian Western are expected to decrease at a much lower rate. During the bear market, Canadian Western is likely to outperform the market. Canadian Western Bank right now shows a risk of 0.59%. Please confirm Canadian Western Bank kurtosis, and the relationship between the treynor ratio and rate of daily change , to decide if Canadian Western Bank will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Canadian Western Bank has no correlation between past and present. Overlapping area represents the amount of predictability between Canadian Western 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 Canadian Western Bank price movement. The serial correlation of 0.0 indicates that just 0.0% of current Canadian Western price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Canadian Western Bank lagged returns against current returns
Autocorrelation, which is Canadian Western 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 Canadian Western's pink sheet expected returns. We can calculate the autocorrelation of Canadian Western returns to help us make a trade decision. For example, suppose you find that Canadian Western 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 |
Canadian Western 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 Canadian Western pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Western pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Western pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canadian Western Lagged Returns
When evaluating Canadian Western's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Western pink sheet have on its future price. Canadian Western 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, Canadian Western autocorrelation shows the relationship between Canadian Western pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canadian Western Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canadian Pink Sheet
Canadian Western financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian Western security.