Calfrac Well Services Stock Market Value
| CFWFF Stock | USD 2.85 0.04 1.42% |
| Symbol | Calfrac |
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 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 Calfrac Well.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Calfrac Well on October 30, 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 30 days. Calfrac Well is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. 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 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 Calfrac Well Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.96 |
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 | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.5392 |
Calfrac Well Services Backtested Returns
Calfrac Well Services secures Sharpe Ratio (or Efficiency) of -0.0356, which signifies that the company had a -0.0356% return per unit of risk over the last 3 months. Calfrac Well Services exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calfrac Well's Risk Adjusted Performance of (0.03), standard deviation of 1.59, and Mean Deviation of 0.9019 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Calfrac Well are expected to decrease at a much lower rate. During the bear market, Calfrac Well is likely to outperform the market. At this point, Calfrac Well Services has a negative expected return of -0.0579%. Please make sure to confirm Calfrac Well's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Calfrac Well Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Calfrac Well Services has below average predictability. Overlapping area represents the amount of predictability between Calfrac Well time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. 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 0.33 indicates that nearly 33.0% of current Calfrac Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Calfrac Well Services lagged returns against current returns
Autocorrelation, which is Calfrac Well 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 Calfrac Well's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calfrac Well pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calfrac Well pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Calfrac Pink Sheet
Calfrac Well financial ratios help investors to determine whether Calfrac 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 Calfrac with respect to the benefits of owning Calfrac Well security.