Canadian Utilities (Germany) Market Value
| CUD Stock | EUR 24.27 0.62 2.62% |
| Symbol | Canadian |
Canadian Utilities '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 Canadian Utilities' 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 Canadian Utilities.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Canadian Utilities on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Canadian Utilities Limited or generate 0.0% return on investment in Canadian Utilities over 510 days. Canadian Utilities is related to or competes with CONAGRA FOODS, PT Indofood, Performance Food, THRACE PLASTICS, TYSON FOODS, and Corporate Office. Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy busi... More
Canadian Utilities 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 Canadian Utilities' 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 Canadian Utilities Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8464 | |||
| Information Ratio | 0.0734 | |||
| Maximum Drawdown | 6.04 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 2.62 |
Canadian Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Utilities' standard deviation. In reality, there are many statistical measures that can use Canadian Utilities historical prices to predict the future Canadian Utilities' volatility.| Risk Adjusted Performance | 0.1442 | |||
| Jensen Alpha | 0.1903 | |||
| Total Risk Alpha | 0.0236 | |||
| Sortino Ratio | 0.1007 | |||
| Treynor Ratio | 1.79 |
Canadian Utilities Backtested Returns
At this point, Canadian Utilities is very steady. Canadian Utilities secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Canadian Utilities Limited, which you can use to evaluate the volatility of the firm. Please confirm Canadian Utilities' Downside Deviation of 0.8464, mean deviation of 0.8599, and Risk Adjusted Performance of 0.1442 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Canadian Utilities has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Utilities is expected to be smaller as well. Canadian Utilities right now shows a risk of 1.15%. Please confirm Canadian Utilities information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Canadian Utilities will be following its price patterns.
Auto-correlation | 0.32 |
Below average predictability
Canadian Utilities Limited has below average predictability. Overlapping area represents the amount of predictability between Canadian Utilities time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Canadian Utilities price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Canadian Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.64 |
Canadian Utilities lagged returns against current returns
Autocorrelation, which is Canadian Utilities 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 Canadian Utilities' stock expected returns. We can calculate the autocorrelation of Canadian Utilities returns to help us make a trade decision. For example, suppose you find that Canadian Utilities 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 |
Canadian Utilities 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 Canadian Utilities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Utilities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Utilities stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian Utilities Lagged Returns
When evaluating Canadian Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Utilities stock have on its future price. Canadian Utilities 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, Canadian Utilities autocorrelation shows the relationship between Canadian Utilities stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Utilities Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canadian Stock
Canadian Utilities financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian Utilities security.