Canfor (Germany) Market Value
| NKC Stock | EUR 9.80 0.10 1.01% |
| Symbol | Canfor |
Canfor '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 Canfor'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 Canfor.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Canfor on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Canfor or generate 0.0% return on investment in Canfor over 30 days. Canfor is related to or competes with Svenska Cellulosa, SVENSKA CELLULO, Svenska Cellulosa, Wells Fargo, UFP Industries, Rayonier, and Boise Cascade. Canfor Corporation operates as an integrated forest products company in Canada and internationally More
Canfor 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 Canfor'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 Canfor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.59 |
Canfor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canfor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canfor's standard deviation. In reality, there are many statistical measures that can use Canfor historical prices to predict the future Canfor's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.80) |
Canfor Backtested Returns
Canfor secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17 % return per unit of risk over the last 3 months. Canfor exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canfor's Risk Adjusted Performance of (0.08), standard deviation of 1.84, and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canfor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canfor is expected to be smaller as well. At this point, Canfor has a negative expected return of -0.31%. Please make sure to confirm Canfor's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Canfor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Canfor has good reverse predictability. Overlapping area represents the amount of predictability between Canfor time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canfor price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Canfor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Canfor lagged returns against current returns
Autocorrelation, which is Canfor 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 Canfor's stock expected returns. We can calculate the autocorrelation of Canfor returns to help us make a trade decision. For example, suppose you find that Canfor 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 |
Canfor 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 Canfor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canfor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canfor stock over time.
Current vs Lagged Prices |
| Timeline |
Canfor Lagged Returns
When evaluating Canfor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canfor stock have on its future price. Canfor 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, Canfor autocorrelation shows the relationship between Canfor stock current value and its past values and can show if there is a momentum factor associated with investing in Canfor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canfor Stock
Canfor financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor security.