Canfor Stock Market Value
| CFPZF Stock | USD 10.90 0.17 1.54% |
| 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 pink sheet 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.
| 06/11/2022 |
| 05/31/2024 |
If you would invest 0.00 in Canfor on June 11, 2022 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 720 days. Canfor is related to or competes with Aurelia Metals, Adriatic Metals, American Helium, Almonty Industries, and Amarc Resources. Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and int... 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 pink sheet 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 | (0.03) | |||
| Maximum Drawdown | 13.13 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 4.73 |
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) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canfor'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.
Canfor Backtested Returns
Canfor secures Sharpe Ratio (or Efficiency) of -0.0698, which signifies that the company had a -0.0698% 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 Mean Deviation of 1.6, standard deviation of 2.42, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. 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. Canfor has an expected return of -0.16%. Please make sure to confirm Canfor information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Canfor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Canfor has good predictability. Overlapping area represents the amount of predictability between Canfor time series from 11th of June 2022 to 6th of June 2023 and 6th of June 2023 to 31st of May 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 Canfor price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Canfor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 3.9 |
Canfor lagged returns against current returns
Autocorrelation, which is Canfor pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canfor pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canfor pink sheet 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 pink sheet 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 pink sheet 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
Check out Canfor Correlation, Canfor Volatility and Canfor Alpha and Beta module to complement your research on Canfor. Note that the Canfor information on this page should be used as a complementary analysis to other Canfor'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Canfor Pink Sheet analysis
When running Canfor's price analysis, check to measure Canfor'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 Canfor is operating at the current time. Most of Canfor's value examination focuses on studying past and present price action to predict the probability of Canfor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canfor's price. Additionally, you may evaluate how the addition of Canfor to your portfolios can decrease your overall portfolio volatility.
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Canfor technical pink sheet 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, pink sheet market cycles, or different charting patterns.