California Nanotechnologies Corp Stock Market Value
| CNO Stock | CAD 0.54 0.03 5.88% |
| Symbol | California |
California Nanotechnologies Price To Book Ratio
California Nanotechnologies '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 California Nanotechnologies' 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 California Nanotechnologies.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in California Nanotechnologies on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding California Nanotechnologies Corp or generate 0.0% return on investment in California Nanotechnologies over 90 days. California Nanotechnologies is related to or competes with Firan Technology, Canaf Investments, HPQ Silicon, Cogeco Communications, Advent Wireless, and Rogers Communications. California Nanotechnologies Corp. engages in the research, development, and production of nano-structured components and... More
California Nanotechnologies 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 California Nanotechnologies' 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 California Nanotechnologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 26.4 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 8.06 |
California Nanotechnologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Nanotechnologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Nanotechnologies' standard deviation. In reality, there are many statistical measures that can use California Nanotechnologies historical prices to predict the future California Nanotechnologies' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | (0.36) |
California Nanotechnologies Backtested Returns
At this stage we consider California Stock to be out of control. California Nanotechnologies secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for California Nanotechnologies Corp, which you can use to evaluate the volatility of the firm. Please confirm California Nanotechnologies' Risk Adjusted Performance of (0.05), standard deviation of 5.73, and Mean Deviation of 4.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.0176%. The firm shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. California Nanotechnologies returns are very sensitive to returns on the market. As the market goes up or down, California Nanotechnologies is expected to follow. California Nanotechnologies right now shows a risk of 5.2%. Please confirm California Nanotechnologies maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if California Nanotechnologies will be following its price patterns.
Auto-correlation | 0.33 |
Below average predictability
California Nanotechnologies Corp has below average predictability. Overlapping area represents the amount of predictability between California Nanotechnologies time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 California Nanotechnologies price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current California Nanotechnologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
California Nanotechnologies lagged returns against current returns
Autocorrelation, which is California Nanotechnologies 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 California Nanotechnologies' stock expected returns. We can calculate the autocorrelation of California Nanotechnologies returns to help us make a trade decision. For example, suppose you find that California Nanotechnologies 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 |
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California Nanotechnologies 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 California Nanotechnologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Nanotechnologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Nanotechnologies stock over time.
Current vs Lagged Prices |
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California Nanotechnologies Lagged Returns
When evaluating California Nanotechnologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Nanotechnologies stock have on its future price. California Nanotechnologies 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, California Nanotechnologies autocorrelation shows the relationship between California Nanotechnologies stock current value and its past values and can show if there is a momentum factor associated with investing in California Nanotechnologies Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for California Stock Analysis
When running California Nanotechnologies' price analysis, check to measure California Nanotechnologies' 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 California Nanotechnologies is operating at the current time. Most of California Nanotechnologies' value examination focuses on studying past and present price action to predict the probability of California Nanotechnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Nanotechnologies' price. Additionally, you may evaluate how the addition of California Nanotechnologies to your portfolios can decrease your overall portfolio volatility.