Concordia Financial Group Stock Market Value
| CRDIY Stock | USD 22.99 0.87 3.65% |
| Symbol | Concordia |
Concordia Financial '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 Concordia Financial'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 Concordia Financial.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Concordia Financial on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Concordia Financial Group or generate 0.0% return on investment in Concordia Financial over 720 days. Concordia Financial is related to or competes with SpareBank, Dah Sing, Laurentian Bank, Central Bancompany, and Grenke AG. Concordia Financial Group, Ltd. provides various banking products and services to small and medium-sized businesses and ... More
Concordia Financial 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 Concordia Financial'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 Concordia Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.74 | |||
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 23.79 | |||
| Value At Risk | (8.69) | |||
| Potential Upside | 9.48 |
Concordia Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concordia Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concordia Financial's standard deviation. In reality, there are many statistical measures that can use Concordia Financial historical prices to predict the future Concordia Financial's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | 0.2982 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | (1.05) |
Concordia Financial Backtested Returns
Concordia Financial appears to be somewhat reliable, given 3 months investment horizon. Concordia Financial secures Sharpe Ratio (or Efficiency) of 0.0548, which signifies that the company had a 0.0548 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Concordia Financial Group, which you can use to evaluate the volatility of the firm. Please makes use of Concordia Financial's Downside Deviation of 5.74, risk adjusted performance of 0.0497, and Mean Deviation of 3.44 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Concordia Financial holds a performance score of 4. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Concordia Financial are expected to decrease at a much lower rate. During the bear market, Concordia Financial is likely to outperform the market. Please check Concordia Financial's maximum drawdown, as well as the relationship between the skewness and price action indicator , to make a quick decision on whether Concordia Financial's price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Concordia Financial Group has modest predictability. Overlapping area represents the amount of predictability between Concordia Financial time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th 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 Concordia Financial price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Concordia Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 11.22 |
Concordia Financial lagged returns against current returns
Autocorrelation, which is Concordia Financial 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 Concordia Financial's otc stock expected returns. We can calculate the autocorrelation of Concordia Financial returns to help us make a trade decision. For example, suppose you find that Concordia Financial 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 |
Concordia Financial 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 Concordia Financial otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concordia Financial otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concordia Financial otc stock over time.
Current vs Lagged Prices |
| Timeline |
Concordia Financial Lagged Returns
When evaluating Concordia Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concordia Financial otc stock have on its future price. Concordia Financial 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, Concordia Financial autocorrelation shows the relationship between Concordia Financial otc stock current value and its past values and can show if there is a momentum factor associated with investing in Concordia Financial Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Concordia OTC Stock Analysis
When running Concordia Financial's price analysis, check to measure Concordia Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Concordia Financial is operating at the current time. Most of Concordia Financial's value examination focuses on studying past and present price action to predict the probability of Concordia Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concordia Financial's price. Additionally, you may evaluate how the addition of Concordia Financial to your portfolios can decrease your overall portfolio volatility.