Calian Technologies Stock Market Value
CGY Stock | CAD 48.02 0.74 1.52% |
Symbol | Calian |
Calian Technologies Price To Book Ratio
Calian Technologies '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 Calian Technologies' 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 Calian Technologies.
07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Calian Technologies on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Calian Technologies or generate 0.0% return on investment in Calian Technologies over 510 days. Calian Technologies is related to or competes with Enghouse Systems, Jamieson Wellness, TECSYS, and Descartes Systems. Calian Group Ltd. provides services and solutions in the areas of advanced technologies, health, learning, and informati... More
Calian Technologies 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 Calian Technologies' 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 Calian Technologies upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.36 | |||
Information Ratio | (0) | |||
Maximum Drawdown | 7.32 | |||
Value At Risk | (2.32) | |||
Potential Upside | 3.19 |
Calian Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calian Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calian Technologies' standard deviation. In reality, there are many statistical measures that can use Calian Technologies historical prices to predict the future Calian Technologies' volatility.Risk Adjusted Performance | 0.0652 | |||
Jensen Alpha | 0.0951 | |||
Total Risk Alpha | (0.13) | |||
Sortino Ratio | (0) | |||
Treynor Ratio | 0.694 |
Calian Technologies Backtested Returns
As of now, Calian Stock is very steady. Calian Technologies secures Sharpe Ratio (or Efficiency) of 0.0813, which signifies that the company had a 0.0813% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Calian Technologies, which you can use to evaluate the volatility of the firm. Please confirm Calian Technologies' Downside Deviation of 1.36, risk adjusted performance of 0.0652, and Mean Deviation of 1.15 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Calian Technologies has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calian Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Calian Technologies is expected to be smaller as well. Calian Technologies right now shows a risk of 1.61%. Please confirm Calian Technologies total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Calian Technologies will be following its price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Calian Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Calian Technologies time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Calian Technologies price movement. The serial correlation of -0.21 indicates that over 21.0% of current Calian Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.21 | |
Spearman Rank Test | -0.19 | |
Residual Average | 0.0 | |
Price Variance | 18.12 |
Calian Technologies lagged returns against current returns
Autocorrelation, which is Calian Technologies 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 Calian Technologies' stock expected returns. We can calculate the autocorrelation of Calian Technologies returns to help us make a trade decision. For example, suppose you find that Calian Technologies 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 |
Calian Technologies 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 Calian Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calian Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calian Technologies stock over time.
Current vs Lagged Prices |
Timeline |
Calian Technologies Lagged Returns
When evaluating Calian Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calian Technologies stock have on its future price. Calian Technologies 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, Calian Technologies autocorrelation shows the relationship between Calian Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Calian Technologies.
Regressed Prices |
Timeline |
Pair Trading with Calian Technologies
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 Calian Technologies 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 Calian Technologies will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Calian Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calian Technologies 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 Calian Technologies - 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 Calian Technologies to buy it.
The correlation of Calian Technologies 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 Calian Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calian Technologies 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 Calian Technologies 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 Calian Stock
Calian Technologies financial ratios help investors to determine whether Calian 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 Calian with respect to the benefits of owning Calian Technologies security.