Canfor Pulp Products Stock Market Value
| CFPUF Stock | USD 0.61 0.01 1.61% |
| Symbol | Canfor |
Canfor Pulp '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 Canfor Pulp'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 Canfor Pulp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Canfor Pulp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Canfor Pulp Products or generate 0.0% return on investment in Canfor Pulp over 30 days. Canfor Pulp is related to or competes with Nine Dragons, Nine Dragons, Mondi PLC, Klabin Sa, and Holmen AB. Canfor Pulp Products Inc., together with its subsidiaries, engages in the production and supply of pulp and paper produc... More
Canfor Pulp 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 Canfor Pulp'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 Canfor Pulp Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.89 | |||
| Information Ratio | 0.0019 | |||
| Maximum Drawdown | 27.68 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 7.69 |
Canfor Pulp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canfor Pulp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canfor Pulp's standard deviation. In reality, there are many statistical measures that can use Canfor Pulp historical prices to predict the future Canfor Pulp's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.127 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 8.0E-4 | |||
| Treynor Ratio | (7.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canfor Pulp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canfor Pulp Products Backtested Returns
At this point, Canfor Pulp is abnormally volatile. Canfor Pulp Products secures Sharpe Ratio (or Efficiency) of 0.0394, which signifies that the company had a 0.0394% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Canfor Pulp Products, which you can use to evaluate the volatility of the firm. Please confirm Canfor Pulp's Mean Deviation of 1.35, risk adjusted performance of 0.0375, and Downside Deviation of 7.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Canfor Pulp has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0158, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canfor Pulp are expected to decrease at a much lower rate. During the bear market, Canfor Pulp is likely to outperform the market. Canfor Pulp Products right now shows a risk of 3.53%. Please confirm Canfor Pulp Products sortino ratio and the relationship between the potential upside and day median price , to decide if Canfor Pulp Products will be following its price patterns.
Auto-correlation | 0.49 |
Average predictability
Canfor Pulp Products has average predictability. Overlapping area represents the amount of predictability between Canfor Pulp time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Canfor Pulp Products price movement. The serial correlation of 0.49 indicates that about 49.0% of current Canfor Pulp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canfor Pulp Products lagged returns against current returns
Autocorrelation, which is Canfor Pulp 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 Canfor Pulp's pink sheet expected returns. We can calculate the autocorrelation of Canfor Pulp returns to help us make a trade decision. For example, suppose you find that Canfor Pulp 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 |
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Canfor Pulp 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 Canfor Pulp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canfor Pulp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canfor Pulp pink sheet over time.
Current vs Lagged Prices |
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Canfor Pulp Lagged Returns
When evaluating Canfor Pulp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canfor Pulp pink sheet have on its future price. Canfor Pulp 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, Canfor Pulp autocorrelation shows the relationship between Canfor Pulp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canfor Pulp Products.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Canfor Pink Sheet
Canfor Pulp financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor Pulp security.