Canada Nickel Stock Market Value
| CNIKF Stock | USD 0.69 0.01 1.43% |
| Symbol | Canada |
Canada Nickel '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 Canada Nickel's otc 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 Canada Nickel.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Canada Nickel on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Canada Nickel or generate 0.0% return on investment in Canada Nickel over 360 days. Canada Nickel is related to or competes with Lotus Resources, Ardea Resources, Centaurus Metals, Troilus Gold, Aurelia Metals, and Azimut Exploration. Canada Nickel Company Inc., together with its subsidiary, engages in the exploration, discovery, and development of nick... More
Canada Nickel 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 Canada Nickel's otc 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 Canada Nickel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.8 |
Canada Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canada Nickel's standard deviation. In reality, there are many statistical measures that can use Canada Nickel historical prices to predict the future Canada Nickel's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.25) |
Canada Nickel Backtested Returns
Canada Nickel secures Sharpe Ratio (or Efficiency) of -0.0382, which signifies that the company had a -0.0382% return per unit of risk over the last 3 months. Canada Nickel exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canada Nickel's Standard Deviation of 2.55, mean deviation of 1.79, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canada Nickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canada Nickel is expected to be smaller as well. At this point, Canada Nickel has a negative expected return of -0.097%. Please make sure to confirm Canada Nickel's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Canada Nickel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Canada Nickel has very good reverse predictability. Overlapping area represents the amount of predictability between Canada Nickel time series from 29th of November 2023 to 27th of May 2024 and 27th of May 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 Canada Nickel price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Canada Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Canada Nickel lagged returns against current returns
Autocorrelation, which is Canada Nickel otc 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 Canada Nickel's otc stock expected returns. We can calculate the autocorrelation of Canada Nickel returns to help us make a trade decision. For example, suppose you find that Canada Nickel has exhibited high autocorrelation historically, and you observe that the otc 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 |
Canada Nickel 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 Canada Nickel otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Nickel otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Nickel otc stock over time.
Current vs Lagged Prices |
| Timeline |
Canada Nickel Lagged Returns
When evaluating Canada Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canada Nickel otc stock have on its future price. Canada Nickel 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, Canada Nickel autocorrelation shows the relationship between Canada Nickel otc stock current value and its past values and can show if there is a momentum factor associated with investing in Canada Nickel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canada OTC Stock
Canada Nickel financial ratios help investors to determine whether Canada OTC 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 Canada with respect to the benefits of owning Canada Nickel security.