Cgx Energy Stock Market Value
| CGXEF Stock | USD 0.14 0.01 6.67% |
| Symbol | CGX |
CGX 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 CGX 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 CGX Energy.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in CGX Energy on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding CGX Energy or generate 0.0% return on investment in CGX Energy over 30 days. CGX Energy is related to or competes with Yamaha, Nitto Denko, Farmers Merchants, and Furukawa Electric. CGX Energy Inc., an oil and gas exploration company, explores for and evaluates petroleum and natural gas properties in ... More
CGX 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 CGX 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 CGX Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.66 | |||
| Information Ratio | 0.0947 | |||
| Maximum Drawdown | 47.14 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 11.11 |
CGX Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGX Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGX Energy's standard deviation. In reality, there are many statistical measures that can use CGX Energy historical prices to predict the future CGX Energy's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.5782 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0873 | |||
| Treynor Ratio | 0.3539 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CGX Energy'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.
CGX Energy Backtested Returns
CGX Energy appears to be out of control, given 3 months investment horizon. CGX Energy secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of volatility over the last 3 months. By analyzing CGX Energy's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of CGX Energy's risk adjusted performance of 0.0939, and Mean Deviation of 5.09 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CGX Energy holds a performance score of 8. The firm shows a Beta (market volatility) of 2.48, 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, CGX Energy will likely underperform. Please check CGX Energy's maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to make a quick decision on whether CGX Energy's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
CGX Energy has no correlation between past and present. Overlapping area represents the amount of predictability between CGX Energy time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 CGX Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current CGX Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CGX Energy lagged returns against current returns
Autocorrelation, which is CGX 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 CGX Energy's pink sheet expected returns. We can calculate the autocorrelation of CGX Energy returns to help us make a trade decision. For example, suppose you find that CGX 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 |
CGX 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 CGX Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGX 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 CGX Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CGX Energy Lagged Returns
When evaluating CGX Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGX Energy pink sheet have on its future price. CGX 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, CGX Energy autocorrelation shows the relationship between CGX Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CGX Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CGX Pink Sheet
CGX Energy financial ratios help investors to determine whether CGX 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 CGX with respect to the benefits of owning CGX Energy security.