Colabor Group Stock Market Value
| GCL Stock | CAD 1.02 0.01 0.99% |
| Symbol | Colabor |
Colabor Group Price To Book Ratio
Colabor '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 Colabor'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 Colabor.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Colabor on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Colabor Group or generate 0.0% return on investment in Colabor over 720 days. Colabor is related to or competes with Dorel Industries, High Liner, Supremex, and 5N Plus. Colabor Group Inc., together with its subsidiaries, distributes and markets food and food-related products in Canada More
Colabor 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 Colabor'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 Colabor Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 25.73 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 4.12 |
Colabor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colabor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colabor's standard deviation. In reality, there are many statistical measures that can use Colabor historical prices to predict the future Colabor's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | 0.959 |
Colabor Group Backtested Returns
Colabor Group secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Colabor Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Colabor's Risk Adjusted Performance of (0.09), standard deviation of 3.39, and Mean Deviation of 2.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Colabor are expected to decrease at a much lower rate. During the bear market, Colabor is likely to outperform the market. At this point, Colabor Group has a negative expected return of -0.37%. Please make sure to confirm Colabor's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Colabor Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Colabor Group has virtually no predictability. Overlapping area represents the amount of predictability between Colabor time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Colabor Group price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Colabor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Colabor Group lagged returns against current returns
Autocorrelation, which is Colabor 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 Colabor's stock expected returns. We can calculate the autocorrelation of Colabor returns to help us make a trade decision. For example, suppose you find that Colabor 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 |
Colabor 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 Colabor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colabor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colabor stock over time.
Current vs Lagged Prices |
| Timeline |
Colabor Lagged Returns
When evaluating Colabor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colabor stock have on its future price. Colabor 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, Colabor autocorrelation shows the relationship between Colabor stock current value and its past values and can show if there is a momentum factor associated with investing in Colabor Group.
Regressed Prices |
| Timeline |
Other Information on Investing in Colabor Stock
Colabor financial ratios help investors to determine whether Colabor 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 Colabor with respect to the benefits of owning Colabor security.