CANADIAN NORTH (Germany) Market Value
| EO0 Stock | EUR 0.47 0.04 9.30% |
| Symbol | CANADIAN |
CANADIAN NORTH '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 NORTH'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 CANADIAN NORTH.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in CANADIAN NORTH on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding CANADIAN NORTH RESOURCES or generate 0.0% return on investment in CANADIAN NORTH over 90 days. CANADIAN NORTH is related to or competes with Walt Disney, Walt Disney, Charter Communications, Warner Music, ViacomCBS, ViacomCBS, and Vivendi SE. Entertainment One Ltd. engages in the acquisition, development, production, financing, distribution, and sale of family,... More
CANADIAN NORTH 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 NORTH'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 CANADIAN NORTH RESOURCES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (8.51) | |||
| Potential Upside | 7.27 |
CANADIAN NORTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CANADIAN NORTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CANADIAN NORTH's standard deviation. In reality, there are many statistical measures that can use CANADIAN NORTH historical prices to predict the future CANADIAN NORTH's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 0.3021 |
CANADIAN NORTH RESOURCES Backtested Returns
CANADIAN NORTH RESOURCES secures Sharpe Ratio (or Efficiency) of -0.0587, which signifies that the company had a -0.0587 % return per unit of risk over the last 3 months. CANADIAN NORTH RESOURCES exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CANADIAN NORTH's Mean Deviation of 2.64, coefficient of variation of (1,736), and Variance of 22.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.94, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning CANADIAN NORTH are expected to decrease slowly. On the other hand, during market turmoil, CANADIAN NORTH is expected to outperform it slightly. At this point, CANADIAN NORTH RESOURCES has a negative expected return of -0.28%. Please make sure to confirm CANADIAN NORTH's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if CANADIAN NORTH RESOURCES performance from the past will be repeated in the future.
Auto-correlation | 0.80 |
Very good predictability
CANADIAN NORTH RESOURCES has very good predictability. Overlapping area represents the amount of predictability between CANADIAN NORTH time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th 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 CANADIAN NORTH RESOURCES price movement. The serial correlation of 0.8 indicates that around 80.0% of current CANADIAN NORTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CANADIAN NORTH RESOURCES lagged returns against current returns
Autocorrelation, which is CANADIAN NORTH 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 NORTH's stock expected returns. We can calculate the autocorrelation of CANADIAN NORTH returns to help us make a trade decision. For example, suppose you find that CANADIAN NORTH 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 |
CANADIAN NORTH 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 NORTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CANADIAN NORTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CANADIAN NORTH stock over time.
Current vs Lagged Prices |
| Timeline |
CANADIAN NORTH Lagged Returns
When evaluating CANADIAN NORTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CANADIAN NORTH stock have on its future price. CANADIAN NORTH 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 NORTH autocorrelation shows the relationship between CANADIAN NORTH stock current value and its past values and can show if there is a momentum factor associated with investing in CANADIAN NORTH RESOURCES.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CANADIAN Stock
CANADIAN NORTH financial ratios help investors to determine whether CANADIAN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CANADIAN with respect to the benefits of owning CANADIAN NORTH security.