Char Technologies Stock Market Value
| YES Stock | CAD 0.33 0.01 3.13% |
| Symbol | CHAR |
CHAR Technologies Price To Book Ratio
CHAR Technologies '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 CHAR Technologies' 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 CHAR Technologies.
| 04/27/2024 |
| 07/26/2024 |
If you would invest 0.00 in CHAR Technologies on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding CHAR Technologies or generate 0.0% return on investment in CHAR Technologies over 90 days. CHAR Technologies is related to or competes with Purpose Multi, KP Tissue, Financial, Rubicon Organics, Amazon CDR, and Rocky Mountain. CHAR Technologies Ltd., a technology company, commercializes and sells hydrogen sulfide recovery system to solve the pro... More
CHAR Technologies 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 CHAR Technologies' 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 CHAR Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.49 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 5.71 |
CHAR Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHAR Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHAR Technologies' standard deviation. In reality, there are many statistical measures that can use CHAR Technologies historical prices to predict the future CHAR Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 3.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CHAR Technologies' 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.
CHAR Technologies Backtested Returns
CHAR Technologies retains Efficiency (Sharpe Ratio) of -0.0783, which signifies that the company had a -0.0783% return per unit of risk over the last 3 months. CHAR Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHAR Technologies' variance of 12.87, and Market Risk Adjusted Performance of 3.05 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0928, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CHAR Technologies are expected to decrease at a much lower rate. During the bear market, CHAR Technologies is likely to outperform the market. At this point, CHAR Technologies has a negative expected return of -0.29%. Please make sure to confirm CHAR Technologies' jensen alpha, as well as the relationship between the skewness and day median price , to decide if CHAR Technologies performance from the past will be repeated at some future date.
Auto-correlation | -0.17 |
Insignificant reverse predictability
CHAR Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between CHAR Technologies time series from 27th of April 2024 to 11th of June 2024 and 11th of June 2024 to 26th of July 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 CHAR Technologies price movement. The serial correlation of -0.17 indicates that over 17.0% of current CHAR Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHAR Technologies lagged returns against current returns
Autocorrelation, which is CHAR Technologies 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 CHAR Technologies' stock expected returns. We can calculate the autocorrelation of CHAR Technologies returns to help us make a trade decision. For example, suppose you find that CHAR Technologies 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 |
CHAR Technologies 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 CHAR Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHAR Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHAR Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
CHAR Technologies Lagged Returns
When evaluating CHAR Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHAR Technologies stock have on its future price. CHAR Technologies 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, CHAR Technologies autocorrelation shows the relationship between CHAR Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in CHAR Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CHAR Stock Analysis
When running CHAR Technologies' price analysis, check to measure CHAR Technologies' 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 CHAR Technologies is operating at the current time. Most of CHAR Technologies' value examination focuses on studying past and present price action to predict the probability of CHAR Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHAR Technologies' price. Additionally, you may evaluate how the addition of CHAR Technologies to your portfolios can decrease your overall portfolio volatility.