Cascades Stock Price on December 13, 2023
If you're considering investing in Cascades Stock, it is important to understand the factors that can impact its price. Cascades appears to be very steady, given 3 months investment horizon. Cascades secures Sharpe Ratio (or Efficiency) of 0.36, which signifies that the company had a 0.36% return per unit of risk over the last 3 months. By analyzing Cascades' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of Cascades' Downside Deviation of 1.14, risk adjusted performance of 0.2816, and Mean Deviation of 1.14 to double-check if our risk estimates are consistent with your expectations.
Cascades Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cascades |
Sharpe Ratio = 0.363
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Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.36 actual daily | 28 72% of assets perform better |
Based on monthly moving average Cascades is performing at about 28% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cascades by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Cascades Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Cascades cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cascades December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Cascades stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cascades shares will generate the highest return on investment. By undertsting and applying Cascades stock market strength indicators, traders can identify Cascades entry and exit signals to maximize returns
Cascades Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cascades' price direction in advance. Along with the technical and fundamental analysis of Cascades Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cascades to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2816 | |||
| Jensen Alpha | 0.4767 | |||
| Total Risk Alpha | 0.3121 | |||
| Sortino Ratio | 0.3517 | |||
| Treynor Ratio | 1.92 |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Tools for Cascades Stock
When running Cascades' price analysis, check to measure Cascades' 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 Cascades is operating at the current time. Most of Cascades' value examination focuses on studying past and present price action to predict the probability of Cascades' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cascades' price. Additionally, you may evaluate how the addition of Cascades to your portfolios can decrease your overall portfolio volatility.
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