Conair Stock Market Value
| CNGA Stock | USD 0.29 0.00 0.00% |
| Symbol | Conair |
Conair '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 Conair'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 Conair.
| 06/28/2025 |
| 12/25/2025 |
If you would invest 0.00 in Conair on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding Conair or generate 0.0% return on investment in Conair over 180 days. Conair is related to or competes with Bonal International, Quest Products, and AmeraMex International. Conair Corporation engages in the installation and servicing of commercial air conditioning, heating, refrigeration, and... More
Conair 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 Conair'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 Conair upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 596.62 |
Conair Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conair's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conair's standard deviation. In reality, there are many statistical measures that can use Conair historical prices to predict the future Conair's volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 6.9 | |||
| Total Risk Alpha | 1.35 | |||
| Treynor Ratio | 0.4096 |
Conair Backtested Returns
Conair is out of control given 3 months investment horizon. Conair secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We were able to analyze and collect data for sixteen different technical indicators, which can help you to evaluate if expected returns of 8.34% are justified by taking the suggested risk. Use Conair Risk Adjusted Performance of 0.0938, standard deviation of 69.92, and Mean Deviation of 17.72 to evaluate company specific risk that cannot be diversified away. Conair holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 20.34, 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, Conair will likely underperform. Use Conair treynor ratio and the relationship between the skewness and day typical price , to analyze future returns on Conair.
Auto-correlation | -0.25 |
Weak reverse predictability
Conair has weak reverse predictability. Overlapping area represents the amount of predictability between Conair time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 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 Conair price movement. The serial correlation of -0.25 indicates that over 25.0% of current Conair price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Conair lagged returns against current returns
Autocorrelation, which is Conair 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 Conair's pink sheet expected returns. We can calculate the autocorrelation of Conair returns to help us make a trade decision. For example, suppose you find that Conair 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 |
Conair 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 Conair pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conair pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conair pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Conair Lagged Returns
When evaluating Conair's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conair pink sheet have on its future price. Conair 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, Conair autocorrelation shows the relationship between Conair pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Conair.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Conair Pink Sheet
Conair financial ratios help investors to determine whether Conair 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 Conair with respect to the benefits of owning Conair security.