Canada Nickel Stock Market Value
| CNC Stock | CAD 0.86 0.01 1.15% |
| Symbol | Canada |
Canada Nickel '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 Canada Nickel'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 Canada Nickel.
| 04/17/2025 |
| 07/16/2025 |
If you would invest 0.00 in Canada Nickel on April 17, 2025 and sell it all today you would earn a total of 0.00 from holding Canada Nickel or generate 0.0% return on investment in Canada Nickel over 90 days. Canada Nickel is related to or competes with Sigma Lithium, FPX Nickel, American Lithium, Electra Battery, and Talon Metals. Canyon Copper Corp., an exploration stage company, acquires, explores for, and develops mineral properties in Canada and... More
Canada Nickel 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 Canada Nickel'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 Canada Nickel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.41 |
Canada Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canada Nickel's standard deviation. In reality, there are many statistical measures that can use Canada Nickel historical prices to predict the future Canada Nickel's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.6478 |
Canada Nickel Backtested Returns
Canada Nickel secures Sharpe Ratio (or Efficiency) of -0.0551, which signifies that the company had a -0.0551 % return per unit of risk over the last 3 months. Canada Nickel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canada Nickel's Standard Deviation of 2.18, mean deviation of 1.68, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canada Nickel are expected to decrease at a much lower rate. During the bear market, Canada Nickel is likely to outperform the market. At this point, Canada Nickel has a negative expected return of -0.12%. Please make sure to confirm Canada Nickel's maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Canada Nickel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Canada Nickel has average predictability. Overlapping area represents the amount of predictability between Canada Nickel time series from 17th of April 2025 to 1st of June 2025 and 1st of June 2025 to 16th of July 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 Canada Nickel price movement. The serial correlation of 0.49 indicates that about 49.0% of current Canada Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canada Nickel lagged returns against current returns
Autocorrelation, which is Canada Nickel 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 Canada Nickel's stock expected returns. We can calculate the autocorrelation of Canada Nickel returns to help us make a trade decision. For example, suppose you find that Canada Nickel 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 |
Canada Nickel 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 Canada Nickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Nickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Nickel stock over time.
Current vs Lagged Prices |
| Timeline |
Canada Nickel Lagged Returns
When evaluating Canada Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canada Nickel stock have on its future price. Canada Nickel 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, Canada Nickel autocorrelation shows the relationship between Canada Nickel stock current value and its past values and can show if there is a momentum factor associated with investing in Canada Nickel.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Canada Stock Analysis
When running Canada Nickel's price analysis, check to measure Canada Nickel'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 Canada Nickel is operating at the current time. Most of Canada Nickel's value examination focuses on studying past and present price action to predict the probability of Canada Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Nickel's price. Additionally, you may evaluate how the addition of Canada Nickel to your portfolios can decrease your overall portfolio volatility.