CanAsia Energy's market value is the price at which a share of CanAsia Energy trades on a public exchange. It measures the collective expectations of CanAsia Energy Corp investors about its performance. CanAsia Energy is trading at 0.0406 as of the 30th of December 2025. This is a 21.92% down since the beginning of the trading day. The stock's lowest day price was 0.0406. With this module, you can estimate the performance of a buy and hold strategy of CanAsia Energy Corp and determine expected loss or profit from investing in CanAsia Energy over a given investment horizon. Check out CanAsia Energy Correlation, CanAsia Energy Volatility and CanAsia Energy Alpha and Beta module to complement your research on CanAsia Energy.
Please note, there is a significant difference between CanAsia Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CanAsia Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CanAsia Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CanAsia Energy '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 CanAsia Energy'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 CanAsia Energy.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CanAsia Energy'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 CanAsia Energy Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CanAsia Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CanAsia Energy's standard deviation. In reality, there are many statistical measures that can use CanAsia Energy historical prices to predict the future CanAsia Energy's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CanAsia Energy. Your research has to be compared to or analyzed against CanAsia Energy's peers to derive any actionable benefits. When done correctly, CanAsia Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CanAsia Energy Corp.
CanAsia Energy Corp Backtested Returns
CanAsia Energy Corp secures Sharpe Ratio (or Efficiency) of -0.0576, which signifies that the company had a -0.0576 % return per unit of risk over the last 3 months. CanAsia Energy Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CanAsia Energy's Standard Deviation of 7.52, insignificant risk adjusted performance, and Mean Deviation of 2.86 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.89, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CanAsia Energy will likely underperform. At this point, CanAsia Energy Corp has a negative expected return of -0.47%. Please make sure to confirm CanAsia Energy's total risk alpha, skewness, day median price, as well as the relationship between the maximum drawdown and daily balance of power , to decide if CanAsia Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.09
Very weak reverse predictability
CanAsia Energy Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between CanAsia Energy time series from 10th of January 2024 to 4th of January 2025 and 4th of January 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CanAsia Energy Corp price movement. The serial correlation of -0.09 indicates that less than 9.0% of current CanAsia Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.09
Spearman Rank Test
0.06
Residual Average
0.0
Price Variance
0.0
CanAsia Energy Corp lagged returns against current returns
Autocorrelation, which is CanAsia Energy 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 CanAsia Energy's pink sheet expected returns. We can calculate the autocorrelation of CanAsia Energy returns to help us make a trade decision. For example, suppose you find that CanAsia Energy 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
CanAsia Energy 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 CanAsia Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CanAsia Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CanAsia Energy pink sheet over time.
Current vs Lagged Prices
Timeline
CanAsia Energy Lagged Returns
When evaluating CanAsia Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CanAsia Energy pink sheet have on its future price. CanAsia Energy 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, CanAsia Energy autocorrelation shows the relationship between CanAsia Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CanAsia Energy Corp.
Other Information on Investing in CanAsia Pink Sheet
CanAsia Energy financial ratios help investors to determine whether CanAsia 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 CanAsia with respect to the benefits of owning CanAsia Energy security.