Connecticut Natural Gas Preferred Stock Market Value
| CTGSP Preferred Stock | USD 3.05 0.12 4.10% |
| Symbol | Connecticut |
Connecticut Natural '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 Connecticut Natural'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 Connecticut Natural.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Connecticut Natural on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Connecticut Natural Gas or generate 0.0% return on investment in Connecticut Natural over 90 days. Connecticut Natural is related to or competes with Fidus Investment, PennantPark Investment, Westshore Terminals, Aegon NV, SLR Investment, and Warner Music. Connecticut Natural Gas Corporation engages in the transportation, distribution, and sale of natural gas in Connecticut More
Connecticut Natural 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 Connecticut Natural'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 Connecticut Natural Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1848 | |||
| Maximum Drawdown | 48.69 | |||
| Potential Upside | 4.1 |
Connecticut Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Connecticut Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Connecticut Natural's standard deviation. In reality, there are many statistical measures that can use Connecticut Natural historical prices to predict the future Connecticut Natural's volatility.| Risk Adjusted Performance | 0.1988 | |||
| Jensen Alpha | 1.35 | |||
| Total Risk Alpha | 0.4347 | |||
| Treynor Ratio | 1.02 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Connecticut Natural'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.
Connecticut Natural Gas Backtested Returns
Currently, Connecticut Natural Gas is somewhat reliable. Connecticut Natural Gas secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We have found twenty technical indicators for Connecticut Natural Gas, which you can use to evaluate the volatility of the firm. Please confirm Connecticut Natural's Standard Deviation of 7.67, risk adjusted performance of 0.1988, and Mean Deviation of 3.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Connecticut Natural has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.52, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Connecticut Natural will likely underperform. Connecticut Natural Gas right now shows a risk of 0.85%. Please confirm Connecticut Natural Gas variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Connecticut Natural Gas will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Connecticut Natural Gas has no correlation between past and present. Overlapping area represents the amount of predictability between Connecticut Natural time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd 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 Connecticut Natural Gas price movement. The serial correlation of 0.0 indicates that just 0.0% of current Connecticut Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Connecticut Natural Gas lagged returns against current returns
Autocorrelation, which is Connecticut Natural 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 Connecticut Natural's pink sheet expected returns. We can calculate the autocorrelation of Connecticut Natural returns to help us make a trade decision. For example, suppose you find that Connecticut Natural 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 |
Connecticut Natural 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 Connecticut Natural pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Connecticut Natural pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Connecticut Natural pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Connecticut Natural Lagged Returns
When evaluating Connecticut Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Connecticut Natural pink sheet have on its future price. Connecticut Natural 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, Connecticut Natural autocorrelation shows the relationship between Connecticut Natural pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Connecticut Natural Gas.
Regressed Prices |
| Timeline |
Pair Trading with Connecticut Natural
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 Connecticut Natural 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 Connecticut Natural will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Connecticut Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Natural 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 Connecticut Natural - 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 Connecticut Natural Gas to buy it.
The correlation of Connecticut Natural 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 Connecticut Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connecticut Natural Gas 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 Connecticut Natural 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.Additional Tools for Connecticut Pink Sheet Analysis
When running Connecticut Natural's price analysis, check to measure Connecticut Natural'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 Connecticut Natural is operating at the current time. Most of Connecticut Natural's value examination focuses on studying past and present price action to predict the probability of Connecticut Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Connecticut Natural's price. Additionally, you may evaluate how the addition of Connecticut Natural to your portfolios can decrease your overall portfolio volatility.