Canadian Banc Corp Preferred Stock Market Value
| BK-PA Preferred Stock | CAD 10.15 0.01 0.1% |
| Symbol | Canadian |
Canadian Banc '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 Canadian Banc's preferred 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 Canadian Banc.
| 05/03/2023 |
| 04/27/2024 |
If you would invest 0.00 in Canadian Banc on May 3, 2023 and sell it all today you would earn a total of 0.00 from holding Canadian Banc Corp or generate 0.0% return on investment in Canadian Banc over 360 days. Canadian Banc is related to or competes with GOLDMAN SACHS, Galaxy Digital, Hut 8, Bitfarms, Canaccord Genuity, and Economic Investment. More
Canadian Banc 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 Canadian Banc's preferred 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 Canadian Banc Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2285 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.4936 |
Canadian Banc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Banc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Banc's standard deviation. In reality, there are many statistical measures that can use Canadian Banc historical prices to predict the future Canadian Banc's volatility.| Risk Adjusted Performance | 0.1776 | |||
| Jensen Alpha | 0.0567 | |||
| Total Risk Alpha | 0.0352 | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.5239 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian Banc'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.
Canadian Banc Corp Backtested Returns
We consider Canadian Banc very steady. Canadian Banc Corp secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the company had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Canadian Banc Corp, which you can use to evaluate the volatility of the firm. Please confirm Canadian Banc's Mean Deviation of 0.2027, coefficient of variation of 323.84, and Risk Adjusted Performance of 0.1776 to double-check if the risk estimate we provide is consistent with the expected return of 0.0772%. Canadian Banc has a performance score of 23 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian Banc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Banc is expected to be smaller as well. Canadian Banc Corp right now shows a risk of 0.25%. Please confirm Canadian Banc Corp total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Canadian Banc Corp will be following its price patterns.
Auto-correlation | 0.96 |
Excellent predictability
Canadian Banc Corp has excellent predictability. Overlapping area represents the amount of predictability between Canadian Banc time series from 3rd of May 2023 to 30th of October 2023 and 30th of October 2023 to 27th 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 Canadian Banc Corp price movement. The serial correlation of 0.96 indicates that 96.0% of current Canadian Banc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Canadian Banc Corp lagged returns against current returns
Autocorrelation, which is Canadian Banc preferred 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 Canadian Banc's preferred stock expected returns. We can calculate the autocorrelation of Canadian Banc returns to help us make a trade decision. For example, suppose you find that Canadian Banc has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Canadian Banc 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 Canadian Banc preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Banc preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Banc preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian Banc Lagged Returns
When evaluating Canadian Banc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Banc preferred stock have on its future price. Canadian Banc 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, Canadian Banc autocorrelation shows the relationship between Canadian Banc preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Banc Corp.
Regressed Prices |
| Timeline |
Pair Trading with Canadian Banc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Banc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Banc will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Preferred Stock
| 0.79 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.65 | GLXY | Galaxy Digital Holdings | PairCorr |
| 0.74 | CF | Canaccord Genuity | PairCorr |
Moving against Canadian Preferred Stock
| 0.9 | AAPL | Apple Inc CDR | PairCorr |
| 0.43 | BITF | Bitfarms | PairCorr |
The ability to find closely correlated positions to Canadian Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Banc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Banc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Banc Corp to buy it.
The correlation of Canadian Banc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Banc Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Banc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Canadian Banc Correlation, Canadian Banc Volatility and Canadian Banc Alpha and Beta module to complement your research on Canadian Banc. Note that the Canadian Banc Corp information on this page should be used as a complementary analysis to other Canadian Banc'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Canadian Preferred Stock analysis
When running Canadian Banc's price analysis, check to measure Canadian Banc'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 Canadian Banc is operating at the current time. Most of Canadian Banc's value examination focuses on studying past and present price action to predict the probability of Canadian Banc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Banc's price. Additionally, you may evaluate how the addition of Canadian Banc to your portfolios can decrease your overall portfolio volatility.
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Canadian Banc technical preferred 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, preferred stock market cycles, or different charting patterns.