Canaquest Medical Corp Stock Market Value
| CANQF Stock | USD 0.03 0.01 145.10% |
| Symbol | CanaQuest |
CanaQuest Medical '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 CanaQuest Medical'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 CanaQuest Medical.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in CanaQuest Medical on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding CanaQuest Medical Corp or generate 0.0% return on investment in CanaQuest Medical over 90 days. CanaQuest Medical Corp. develops health products and pharmaceuticals that utilize hemps, cannabis, and algae oils More
CanaQuest Medical 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 CanaQuest Medical'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 CanaQuest Medical Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 35.8 | |||
| Information Ratio | 0.0927 | |||
| Maximum Drawdown | 132.0 | |||
| Value At Risk | (36.10) | |||
| Potential Upside | 71.0 |
CanaQuest Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CanaQuest Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CanaQuest Medical's standard deviation. In reality, there are many statistical measures that can use CanaQuest Medical historical prices to predict the future CanaQuest Medical's volatility.| Risk Adjusted Performance | 0.0874 | |||
| Jensen Alpha | 3.87 | |||
| Total Risk Alpha | 6.08 | |||
| Sortino Ratio | 0.0736 | |||
| Treynor Ratio | 0.2054 |
CanaQuest Medical Corp Backtested Returns
CanaQuest Medical is out of control given 3 months investment horizon. CanaQuest Medical Corp secures Sharpe Ratio (or Efficiency) of 0.0997, which signifies that the company had a 0.0997 % return per unit of risk over the last 3 months. We were able to break down and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.88% are justified by taking the suggested risk. Use CanaQuest Medical Risk Adjusted Performance of 0.0874, mean deviation of 13.89, and Downside Deviation of 35.8 to evaluate company specific risk that cannot be diversified away. CanaQuest Medical holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 12.3, 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, CanaQuest Medical will likely underperform. Use CanaQuest Medical sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to analyze future returns on CanaQuest Medical.
Auto-correlation | -0.17 |
Insignificant reverse predictability
CanaQuest Medical Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between CanaQuest Medical time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 CanaQuest Medical Corp price movement. The serial correlation of -0.17 indicates that over 17.0% of current CanaQuest Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CanaQuest Medical Corp lagged returns against current returns
Autocorrelation, which is CanaQuest Medical 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 CanaQuest Medical's pink sheet expected returns. We can calculate the autocorrelation of CanaQuest Medical returns to help us make a trade decision. For example, suppose you find that CanaQuest Medical 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 |
CanaQuest Medical 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 CanaQuest Medical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CanaQuest Medical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CanaQuest Medical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CanaQuest Medical Lagged Returns
When evaluating CanaQuest Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CanaQuest Medical pink sheet have on its future price. CanaQuest Medical 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, CanaQuest Medical autocorrelation shows the relationship between CanaQuest Medical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CanaQuest Medical Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CanaQuest Pink Sheet
CanaQuest Medical financial ratios help investors to determine whether CanaQuest Pink Sheet 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 CanaQuest with respect to the benefits of owning CanaQuest Medical security.