Canada Carbon Stock Market Value
| CCB Stock | CAD 0.01 0.01 25.00% |
| Symbol | Canada |
Canada Carbon Price To Book Ratio
Canada Carbon '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 Canada Carbon'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 Canada Carbon.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Canada Carbon on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Canada Carbon or generate 0.0% return on investment in Canada Carbon over 30 days. Canada Carbon is related to or competes with Kiplin Metals, Pure Energy, and Noram Lithium. Canada Carbon Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada More
Canada Carbon 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 Canada Carbon'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 Canada Carbon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 43.7 | |||
| Information Ratio | 0.0659 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Canada Carbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Carbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canada Carbon's standard deviation. In reality, there are many statistical measures that can use Canada Carbon historical prices to predict the future Canada Carbon's volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 2.65 | |||
| Total Risk Alpha | (2.57) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | (0.31) |
Canada Carbon Backtested Returns
Canada Carbon is out of control given 3 months investment horizon. Canada Carbon secures Sharpe Ratio (or Efficiency) of 0.0721, which signifies that the company had a 0.0721% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.95% are justified by taking the suggested risk. Use Canada Carbon Downside Deviation of 43.7, risk adjusted performance of 0.064, and Mean Deviation of 11.83 to evaluate company specific risk that cannot be diversified away. Canada Carbon holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -6.0, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Canada Carbon are expected to decrease by larger amounts. On the other hand, during market turmoil, Canada Carbon is expected to outperform it. Use Canada Carbon downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to analyze future returns on Canada Carbon.
Auto-correlation | 0.48 |
Average predictability
Canada Carbon has average predictability. Overlapping area represents the amount of predictability between Canada Carbon time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Canada Carbon price movement. The serial correlation of 0.48 indicates that about 48.0% of current Canada Carbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canada Carbon lagged returns against current returns
Autocorrelation, which is Canada Carbon 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 Canada Carbon's stock expected returns. We can calculate the autocorrelation of Canada Carbon returns to help us make a trade decision. For example, suppose you find that Canada Carbon 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 |
Canada Carbon 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 Canada Carbon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Carbon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Carbon stock over time.
Current vs Lagged Prices |
| Timeline |
Canada Carbon Lagged Returns
When evaluating Canada Carbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canada Carbon stock have on its future price. Canada Carbon 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, Canada Carbon autocorrelation shows the relationship between Canada Carbon stock current value and its past values and can show if there is a momentum factor associated with investing in Canada Carbon.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Canada Stock Analysis
When running Canada Carbon's price analysis, check to measure Canada Carbon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canada Carbon is operating at the current time. Most of Canada Carbon's value examination focuses on studying past and present price action to predict the probability of Canada Carbon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Carbon's price. Additionally, you may evaluate how the addition of Canada Carbon to your portfolios can decrease your overall portfolio volatility.