Canalaska Uranium Stock Market Value
| CVVUF Stock | USD 0.56 0.01 1.82% |
| Symbol | CanAlaska |
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 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 CanAlaska Uranium.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in CanAlaska Uranium on September 30, 2023 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 420 days. CanAlaska Uranium is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. CanAlaska Uranium Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties 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 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 CanAlaska Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.0861 | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 6.12 |
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 | 0.0957 | |||
| Jensen Alpha | 0.4576 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0869 | |||
| Treynor Ratio | (1.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CanAlaska Uranium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CanAlaska Uranium Backtested Returns
CanAlaska Uranium appears to be abnormally volatile, given 3 months investment horizon. CanAlaska Uranium secures Sharpe Ratio (or Efficiency) of 0.074, which signifies that the company had a 0.074% 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 Mean Deviation of 2.99, risk adjusted performance of 0.0957, and Downside Deviation of 3.75 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 5. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CanAlaska Uranium are expected to decrease at a much lower rate. During the bear market, CanAlaska Uranium is likely to outperform the market. Please check CanAlaska Uranium's treynor ratio and the relationship between the semi variance and price action indicator , to make a quick decision on whether CanAlaska Uranium's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
CanAlaska Uranium has good predictability. Overlapping area represents the amount of predictability between CanAlaska Uranium time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 0.73 indicates that around 73.0% of current CanAlaska Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CanAlaska Uranium lagged returns against current returns
Autocorrelation, which is CanAlaska Uranium 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 CanAlaska Uranium's otc 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 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CanAlaska Uranium otc 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 otc stock over time.
Current vs Lagged Prices |
| Timeline |
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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in CanAlaska OTC Stock
CanAlaska Uranium financial ratios help investors to determine whether CanAlaska OTC 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 CanAlaska with respect to the benefits of owning CanAlaska Uranium security.