Ccl Industries Stock Market Value
| CCL-A Stock | CAD 77.99 0.03 0.04% |
| Symbol | CCL |
CCL Industries Price To Book Ratio
CCL Industries '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 CCL Industries' 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 CCL Industries.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in CCL Industries on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding CCL Industries or generate 0.0% return on investment in CCL Industries over 300 days. CCL Industries is related to or competes with CCL Industries, Quebecor, Winpak, Restaurant Brands, and ATCO. CCL Industries Inc. manufactures and sells labels, containers, consumer printable media products, technology driven labe... More
CCL Industries 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 CCL Industries' 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 CCL Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.06 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 2.07 |
CCL Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CCL Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CCL Industries' standard deviation. In reality, there are many statistical measures that can use CCL Industries historical prices to predict the future CCL Industries' volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0355 |
CCL Industries Backtested Returns
Currently, CCL Industries is very steady. CCL Industries secures Sharpe Ratio (or Efficiency) of 0.0021, which signifies that the company had a 0.0021% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for CCL Industries, which you can use to evaluate the volatility of the entity. Please confirm CCL Industries' Coefficient Of Variation of 5792.56, mean deviation of 0.4911, and Downside Deviation of 2.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0025%. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CCL Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding CCL Industries is expected to be smaller as well. CCL Industries at this time shows a risk of 1.19%. Please confirm CCL Industries coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if CCL Industries will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
CCL Industries has modest predictability. Overlapping area represents the amount of predictability between CCL Industries time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 CCL Industries price movement. The serial correlation of 0.53 indicates that about 53.0% of current CCL Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 15.54 |
CCL Industries lagged returns against current returns
Autocorrelation, which is CCL Industries 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 CCL Industries' stock expected returns. We can calculate the autocorrelation of CCL Industries returns to help us make a trade decision. For example, suppose you find that CCL Industries 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 |
CCL Industries 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 CCL Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CCL Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CCL Industries stock over time.
Current vs Lagged Prices |
| Timeline |
CCL Industries Lagged Returns
When evaluating CCL Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CCL Industries stock have on its future price. CCL Industries 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, CCL Industries autocorrelation shows the relationship between CCL Industries stock current value and its past values and can show if there is a momentum factor associated with investing in CCL Industries.
Regressed Prices |
| Timeline |
Pair Trading with CCL Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CCL Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CCL Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with CCL Stock
Moving against CCL Stock
The ability to find closely correlated positions to CCL Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CCL Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CCL Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CCL Industries to buy it.
The correlation of CCL Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CCL Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CCL Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CCL Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for CCL Stock Analysis
When running CCL Industries' price analysis, check to measure CCL Industries' 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 CCL Industries is operating at the current time. Most of CCL Industries' value examination focuses on studying past and present price action to predict the probability of CCL Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CCL Industries' price. Additionally, you may evaluate how the addition of CCL Industries to your portfolios can decrease your overall portfolio volatility.