Canlan Ice Sports Stock Market Value
| CNLFF Stock | USD 2.97 0.00 0.00% |
| Symbol | Canlan |
Canlan Ice '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 Canlan Ice'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 Canlan Ice.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Canlan Ice on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Canlan Ice Sports or generate 0.0% return on investment in Canlan Ice over 660 days. Canlan Ice is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and American Century. Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and en... More
Canlan Ice 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 Canlan Ice'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 Canlan Ice Sports upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.70) | |||
| Maximum Drawdown | 1.03 |
Canlan Ice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canlan Ice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canlan Ice's standard deviation. In reality, there are many statistical measures that can use Canlan Ice historical prices to predict the future Canlan Ice's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 4.28 |
Canlan Ice Sports Backtested Returns
At this point, Canlan Ice is very steady. Canlan Ice Sports secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Canlan Ice Sports, which you can use to evaluate the volatility of the firm. Please confirm Canlan Ice's Mean Deviation of 0.0501, standard deviation of 0.1504, and Risk Adjusted Performance of 0.0907 to double-check if the risk estimate we provide is consistent with the expected return of 0.0266%. Canlan Ice has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0037, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canlan Ice's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canlan Ice is expected to be smaller as well. Canlan Ice Sports right now shows a risk of 0.15%. Please confirm Canlan Ice Sports maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to decide if Canlan Ice Sports will be following its price patterns.
Auto-correlation | 0.87 |
Very good predictability
Canlan Ice Sports has very good predictability. Overlapping area represents the amount of predictability between Canlan Ice time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Canlan Ice Sports price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Canlan Ice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canlan Ice Sports lagged returns against current returns
Autocorrelation, which is Canlan Ice 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 Canlan Ice's pink sheet expected returns. We can calculate the autocorrelation of Canlan Ice returns to help us make a trade decision. For example, suppose you find that Canlan Ice 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 |
Canlan Ice 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 Canlan Ice pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canlan Ice pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canlan Ice pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canlan Ice Lagged Returns
When evaluating Canlan Ice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canlan Ice pink sheet have on its future price. Canlan Ice 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, Canlan Ice autocorrelation shows the relationship between Canlan Ice pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canlan Ice Sports.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canlan Pink Sheet
Canlan Ice financial ratios help investors to determine whether Canlan 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 Canlan with respect to the benefits of owning Canlan Ice security.