Canasia Energy Corp Stock Market Value
| CECAF Stock | 0.06 0 7.21% |
| Symbol | CanAsia |
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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in CanAsia Energy on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding CanAsia Energy Corp or generate 0.0% return on investment in CanAsia Energy over 30 days. CanAsia Energy is related to or competes with Willamette Valley, Cracker Barrel, BBB Foods, Biglari Holdings, Life Time, and CAVA Group,. More
CanAsia Energy 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 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.
| Downside Deviation | 36.94 | |||
| Information Ratio | 0.0878 | |||
| Maximum Drawdown | 410.91 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
CanAsia Energy Market Risk Indicators
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.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 4.4 | |||
| Total Risk Alpha | 4.06 | |||
| Sortino Ratio | 0.1188 | |||
| Treynor Ratio | (2.58) |
CanAsia Energy Corp Backtested Returns
CanAsia Energy is out of control given 3 months investment horizon. CanAsia Energy Corp secures Sharpe Ratio (or Efficiency) of 0.0965, which signifies that the company had a 0.0965 % return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 5.14% are justified by taking the suggested risk. Use CanAsia Energy Mean Deviation of 12.93, risk adjusted performance of 0.0746, and Downside Deviation of 36.94 to evaluate company specific risk that cannot be diversified away. CanAsia Energy holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.7, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CanAsia Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, CanAsia Energy is expected to outperform it. Use CanAsia Energy maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to analyze future returns on CanAsia Energy.
Auto-correlation | 0.45 |
Average predictability
CanAsia Energy Corp has average predictability. Overlapping area represents the amount of predictability between CanAsia Energy time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 0.45 indicates that just about 45.0% of current CanAsia Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.04 | |
| 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.