Canso Select Opportunities Stock Market Value
| CSOC-A Stock | CAD 2.25 0.00 0.00% |
| Symbol | Canso |
Canso Select '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 Canso Select's 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 Canso Select.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Canso Select on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Canso Select Opportunities or generate 0.0% return on investment in Canso Select over 360 days. Canso Select is related to or competes with Walmart, Amazon CDR, UPS CDR, HOME DEPOT, UnitedHealth Group, Costco Wholesale, and JPMorgan Chase. Canso Select Opportunities Corporation is a publicly owned hedge fund manager More
Canso Select 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 Canso Select's 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 Canso Select Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 32.81 | |||
| Potential Upside | 0.8811 |
Canso Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canso Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canso Select's standard deviation. In reality, there are many statistical measures that can use Canso Select historical prices to predict the future Canso Select's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0664 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.13) |
Canso Select Opportu Backtested Returns
At this point, Canso Select is risky. Canso Select Opportu secures Sharpe Ratio (or Efficiency) of 0.0239, which signifies that the company had a 0.0239% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Canso Select Opportunities, which you can use to evaluate the volatility of the firm. Please confirm Canso Select's Risk Adjusted Performance of 0.0252, standard deviation of 3.06, and Mean Deviation of 0.7086 to double-check if the risk estimate we provide is consistent with the expected return of 0.0756%. Canso Select has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0538, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canso Select are expected to decrease at a much lower rate. During the bear market, Canso Select is likely to outperform the market. Canso Select Opportu right now shows a risk of 3.16%. Please confirm Canso Select Opportu information ratio, maximum drawdown, skewness, as well as the relationship between the jensen alpha and potential upside , to decide if Canso Select Opportu will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Canso Select Opportunities has very weak predictability. Overlapping area represents the amount of predictability between Canso Select time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Canso Select Opportu price movement. The serial correlation of 0.17 indicates that over 17.0% of current Canso Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Canso Select Opportu lagged returns against current returns
Autocorrelation, which is Canso Select 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 Canso Select's stock expected returns. We can calculate the autocorrelation of Canso Select returns to help us make a trade decision. For example, suppose you find that Canso Select 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 |
Canso Select 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 Canso Select stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canso Select stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canso Select stock over time.
Current vs Lagged Prices |
| Timeline |
Canso Select Lagged Returns
When evaluating Canso Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canso Select stock have on its future price. Canso Select 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, Canso Select autocorrelation shows the relationship between Canso Select stock current value and its past values and can show if there is a momentum factor associated with investing in Canso Select Opportunities.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Canso Stock
Canso Select financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Select security.