Calfrac Well Services Stock Market Value
| CFW Stock | CAD 3.69 0.18 5.13% |
| Symbol | Calfrac |
Calfrac Well Services Price To Book Ratio
Calfrac Well '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 Calfrac Well'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 Calfrac Well.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Calfrac Well on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Calfrac Well Services or generate 0.0% return on investment in Calfrac Well over 90 days. Calfrac Well is related to or competes with Trican Well, Ensign Energy, Precision Drilling, Secure Energy, and CES Energy. Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United... More
Calfrac Well 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 Calfrac Well'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 Calfrac Well Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 6.79 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.67 |
Calfrac Well Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calfrac Well's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calfrac Well's standard deviation. In reality, there are many statistical measures that can use Calfrac Well historical prices to predict the future Calfrac Well's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0163 | |||
| Total Risk Alpha | 0.1482 | |||
| Treynor Ratio | (0.09) |
Calfrac Well Services Backtested Returns
Calfrac Well Services secures Sharpe Ratio (or Efficiency) of -0.0518, which signifies that the company had a -0.0518 % return per unit of risk over the last 3 months. Calfrac Well Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calfrac Well's Mean Deviation of 1.2, standard deviation of 1.67, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calfrac Well's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calfrac Well is expected to be smaller as well. At this point, Calfrac Well Services has a negative expected return of -0.0875%. Please make sure to confirm Calfrac Well's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Calfrac Well Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Calfrac Well Services has very weak reverse predictability. Overlapping area represents the amount of predictability between Calfrac Well time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Calfrac Well Services price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Calfrac Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Calfrac Well Services lagged returns against current returns
Autocorrelation, which is Calfrac Well 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 Calfrac Well's stock expected returns. We can calculate the autocorrelation of Calfrac Well returns to help us make a trade decision. For example, suppose you find that Calfrac Well 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 |
Calfrac Well 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 Calfrac Well stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calfrac Well stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calfrac Well stock over time.
Current vs Lagged Prices |
| Timeline |
Calfrac Well Lagged Returns
When evaluating Calfrac Well's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calfrac Well stock have on its future price. Calfrac Well 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, Calfrac Well autocorrelation shows the relationship between Calfrac Well stock current value and its past values and can show if there is a momentum factor associated with investing in Calfrac Well Services.
Regressed Prices |
| Timeline |
Pair Trading with Calfrac Well
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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Moving against Calfrac Stock
| 0.55 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.54 | SAGE | Sage Potash Corp | PairCorr |
| 0.4 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.39 | WILD | WildBrain | PairCorr |
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services 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 Calfrac Well 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.Other Information on Investing in Calfrac Stock
Calfrac Well financial ratios help investors to determine whether Calfrac 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 Calfrac with respect to the benefits of owning Calfrac Well security.