Ces Energy Solutions Stock Market Value
| CEU Stock | CAD 9.77 0.04 0.41% |
| Symbol | CES |
CES Energy Solutions Price To Book Ratio
CES 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 CES Energy'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 CES Energy.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in CES Energy on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding CES Energy Solutions or generate 0.0% return on investment in CES Energy over 30 days. CES Energy is related to or competes with Secure Energy, Ensign Energy, Kelt Exploration, Trican Well, and Advantage Oil. CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-c... More
CES 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 CES Energy'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 CES Energy Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.1081 | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 4.51 |
CES Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CES Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CES Energy's standard deviation. In reality, there are many statistical measures that can use CES Energy historical prices to predict the future CES Energy's volatility.| Risk Adjusted Performance | 0.1203 | |||
| Jensen Alpha | 0.3815 | |||
| Total Risk Alpha | 0.0387 | |||
| Sortino Ratio | 0.1016 | |||
| Treynor Ratio | 3.32 |
CES Energy Solutions Backtested Returns
CES Energy appears to be somewhat reliable, given 3 months investment horizon. CES Energy Solutions secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CES Energy Solutions, which you can use to evaluate the volatility of the firm. Please makes use of CES Energy's risk adjusted performance of 0.1203, and Mean Deviation of 1.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CES Energy holds a performance score of 9. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CES Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding CES Energy is expected to be smaller as well. Please check CES Energy's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether CES Energy's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
CES Energy Solutions has very good predictability. Overlapping area represents the amount of predictability between CES Energy time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 CES Energy Solutions price movement. The serial correlation of 0.8 indicates that around 80.0% of current CES Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
CES Energy Solutions lagged returns against current returns
Autocorrelation, which is CES Energy 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 CES Energy's stock expected returns. We can calculate the autocorrelation of CES Energy returns to help us make a trade decision. For example, suppose you find that CES Energy 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 |
CES 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 CES Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CES Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CES Energy stock over time.
Current vs Lagged Prices |
| Timeline |
CES Energy Lagged Returns
When evaluating CES Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CES Energy stock have on its future price. CES 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, CES Energy autocorrelation shows the relationship between CES Energy stock current value and its past values and can show if there is a momentum factor associated with investing in CES Energy Solutions.
Regressed Prices |
| Timeline |
Pair Trading with CES Energy
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 CES Energy 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 CES Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with CES Stock
The ability to find closely correlated positions to CES Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CES Energy 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 CES Energy - 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 CES Energy Solutions to buy it.
The correlation of CES Energy 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 CES Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CES Energy Solutions 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 CES Energy 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.Other Information on Investing in CES Stock
CES Energy financial ratios help investors to determine whether CES Stock 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 CES with respect to the benefits of owning CES Energy security.