Canso Select Opportunities Stock Market Value
| CSOC-B Stock | CAD 2.70 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Canso Select on October 30, 2024 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 30 days. Canso Select is related to or competes with Computer Modelling, Ocumetics Technology, Quisitive Technology, Richelieu Hardware, Sparx Technology, Firan Technology, and Exco Technologies. Canso Select Opportunities Corporation is an employee owned hedge fund sponsor 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 | 0.0281 | |||
| Maximum Drawdown | 21.64 | |||
| Potential Upside | 1.3 |
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 | 0.0586 | |||
| Jensen Alpha | 0.3092 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.23) |
Canso Select Opportu Backtested Returns
Canso Select appears to be very risky, given 3 months investment horizon. Canso Select Opportu secures Sharpe Ratio (or Efficiency) of 0.0686, which signifies that the company had a 0.0686% 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 makes use of Canso Select's Standard Deviation of 3.27, mean deviation of 1.06, and Risk Adjusted Performance of 0.0586 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Canso Select holds a performance score of 5. The firm shows a Beta (market volatility) of -0.88, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Canso Select are expected to decrease slowly. On the other hand, during market turmoil, Canso Select is expected to outperform it slightly. Please check Canso Select's information ratio, maximum drawdown, skewness, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether Canso Select's price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Canso Select Opportunities has below average predictability. Overlapping area represents the amount of predictability between Canso Select time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 0.35 indicates that nearly 35.0% of current Canso Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.