Canalaska Uranium Stock Market Value
| CVV Stock | CAD 0.75 0.03 3.85% |
| Symbol | CanAlaska |
CanAlaska Uranium Price To Book Ratio
CanAlaska Uranium '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 CanAlaska Uranium'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 CanAlaska Uranium.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in CanAlaska Uranium on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding CanAlaska Uranium or generate 0.0% return on investment in CanAlaska Uranium over 720 days. CanAlaska Uranium is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. CanAlaska Uranium Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties i... More
CanAlaska Uranium 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 CanAlaska Uranium'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 CanAlaska Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.0292 | |||
| Maximum Drawdown | 20.81 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 6.94 |
CanAlaska Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CanAlaska Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CanAlaska Uranium's standard deviation. In reality, there are many statistical measures that can use CanAlaska Uranium historical prices to predict the future CanAlaska Uranium's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.1671 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.029 | |||
| Treynor Ratio | 0.432 |
CanAlaska Uranium Backtested Returns
CanAlaska Uranium appears to be abnormally volatile, given 3 months investment horizon. CanAlaska Uranium secures Sharpe Ratio (or Efficiency) of 0.0988, which signifies that the company had a 0.0988% return per unit of risk over the last 3 months. We have found thirty technical indicators for CanAlaska Uranium, which you can use to evaluate the volatility of the firm. Please makes use of CanAlaska Uranium's Risk Adjusted Performance of 0.0565, mean deviation of 2.84, and Downside Deviation of 3.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CanAlaska Uranium holds a performance score of 7. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CanAlaska Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding CanAlaska Uranium is expected to be smaller as well. Please check CanAlaska Uranium's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether CanAlaska Uranium's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
CanAlaska Uranium has very weak reverse predictability. Overlapping area represents the amount of predictability between CanAlaska Uranium time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 CanAlaska Uranium price movement. The serial correlation of -0.01 indicates that just 1.0% of current CanAlaska Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CanAlaska Uranium lagged returns against current returns
Autocorrelation, which is CanAlaska Uranium 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 CanAlaska Uranium's stock expected returns. We can calculate the autocorrelation of CanAlaska Uranium returns to help us make a trade decision. For example, suppose you find that CanAlaska Uranium 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 |
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CanAlaska Uranium 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 CanAlaska Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CanAlaska Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CanAlaska Uranium stock over time.
Current vs Lagged Prices |
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CanAlaska Uranium Lagged Returns
When evaluating CanAlaska Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CanAlaska Uranium stock have on its future price. CanAlaska Uranium 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, CanAlaska Uranium autocorrelation shows the relationship between CanAlaska Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in CanAlaska Uranium.
Regressed Prices |
| Timeline |
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Additional Tools for CanAlaska Stock Analysis
When running CanAlaska Uranium's price analysis, check to measure CanAlaska Uranium'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 CanAlaska Uranium is operating at the current time. Most of CanAlaska Uranium's value examination focuses on studying past and present price action to predict the probability of CanAlaska Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CanAlaska Uranium's price. Additionally, you may evaluate how the addition of CanAlaska Uranium to your portfolios can decrease your overall portfolio volatility.