Canlan Ice Sports Stock Market Value
ICE Stock | CAD 4.11 0.04 0.98% |
Symbol | Canlan |
Canlan Ice Sports Price To Book Ratio
Canlan Ice '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 Canlan Ice'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 Canlan Ice.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Canlan Ice on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Canlan Ice Sports or generate 0.0% return on investment in Canlan Ice over 30 days. Canlan Ice is related to or competes with Caldwell Partners, TWC Enterprises, and Madison Pacific. Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and en... More
Canlan Ice 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 Canlan Ice'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 Canlan Ice Sports upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.77 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 9.25 | |||
Value At Risk | (3.78) | |||
Potential Upside | 3.07 |
Canlan Ice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canlan Ice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canlan Ice's standard deviation. In reality, there are many statistical measures that can use Canlan Ice historical prices to predict the future Canlan Ice's volatility.Risk Adjusted Performance | 0.0306 | |||
Jensen Alpha | 0.0378 | |||
Total Risk Alpha | (0.16) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.2295 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canlan Ice'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.
Canlan Ice Sports Backtested Returns
We consider Canlan Ice slightly risky. Canlan Ice Sports secures Sharpe Ratio (or Efficiency) of 0.0176, which signifies that the company had a 0.0176% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canlan Ice Sports, which you can use to evaluate the volatility of the firm. Please confirm Canlan Ice's Downside Deviation of 3.77, risk adjusted performance of 0.0306, and Mean Deviation of 0.8059 to double-check if the risk estimate we provide is consistent with the expected return of 0.0309%. Canlan Ice has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canlan Ice's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canlan Ice is expected to be smaller as well. Canlan Ice Sports right now shows a risk of 1.76%. Please confirm Canlan Ice Sports downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Canlan Ice Sports will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Canlan Ice Sports has very good predictability. Overlapping area represents the amount of predictability between Canlan Ice time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Canlan Ice Sports price movement. The serial correlation of 0.8 indicates that around 80.0% of current Canlan Ice price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.8 | |
Spearman Rank Test | -0.2 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Canlan Ice Sports lagged returns against current returns
Autocorrelation, which is Canlan Ice 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 Canlan Ice's stock expected returns. We can calculate the autocorrelation of Canlan Ice returns to help us make a trade decision. For example, suppose you find that Canlan Ice 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 |
Canlan Ice 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 Canlan Ice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canlan Ice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canlan Ice stock over time.
Current vs Lagged Prices |
Timeline |
Canlan Ice Lagged Returns
When evaluating Canlan Ice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canlan Ice stock have on its future price. Canlan Ice 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, Canlan Ice autocorrelation shows the relationship between Canlan Ice stock current value and its past values and can show if there is a momentum factor associated with investing in Canlan Ice Sports.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canlan Ice in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canlan Ice's short interest history, or implied volatility extrapolated from Canlan Ice options trading.
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Try AI Portfolio ArchitectCheck out Canlan Ice Correlation, Canlan Ice Volatility and Canlan Ice Alpha and Beta module to complement your research on Canlan Ice. Note that the Canlan Ice Sports information on this page should be used as a complementary analysis to other Canlan Ice's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Canlan Stock analysis
When running Canlan Ice's price analysis, check to measure Canlan Ice'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 Canlan Ice is operating at the current time. Most of Canlan Ice's value examination focuses on studying past and present price action to predict the probability of Canlan Ice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canlan Ice's price. Additionally, you may evaluate how the addition of Canlan Ice to your portfolios can decrease your overall portfolio volatility.
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Canlan Ice technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.