Canfor Pulp Products Stock Market Value
| CFX Stock | CAD 0.71 0.03 4.05% |
| Symbol | Canfor |
Canfor Pulp Products Price To Book Ratio
Canfor Pulp '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 Canfor Pulp'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 Canfor Pulp.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Canfor Pulp on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Canfor Pulp Products or generate 0.0% return on investment in Canfor Pulp over 90 days. Canfor Pulp is related to or competes with Canfor, Interfor Corp, Western Forest, Conifex Timber, and Acadian Timber. Canfor Pulp Products Inc., together with its subsidiaries, produces and supplies pulp and paper products in Canada, Euro... More
Canfor Pulp 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 Canfor Pulp'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 Canfor Pulp Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 6.25 |
Canfor Pulp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canfor Pulp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canfor Pulp's standard deviation. In reality, there are many statistical measures that can use Canfor Pulp historical prices to predict the future Canfor Pulp's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | 0.2127 | |||
| Treynor Ratio | 0.2609 |
Canfor Pulp Products Backtested Returns
Canfor Pulp Products secures Sharpe Ratio (or Efficiency) of -0.0333, which signifies that the company had a -0.0333 % return per unit of risk over the last 3 months. Canfor Pulp Products exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canfor Pulp's Mean Deviation of 2.77, standard deviation of 3.7, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.96, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Canfor Pulp are expected to decrease slowly. On the other hand, during market turmoil, Canfor Pulp is expected to outperform it slightly. At this point, Canfor Pulp Products has a negative expected return of -0.13%. Please make sure to confirm Canfor Pulp's value at risk and the relationship between the accumulation distribution and relative strength index , to decide if Canfor Pulp Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Canfor Pulp Products has modest reverse predictability. Overlapping area represents the amount of predictability between Canfor Pulp 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 Canfor Pulp Products price movement. The serial correlation of -0.48 indicates that about 48.0% of current Canfor Pulp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canfor Pulp Products lagged returns against current returns
Autocorrelation, which is Canfor Pulp 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 Canfor Pulp's stock expected returns. We can calculate the autocorrelation of Canfor Pulp returns to help us make a trade decision. For example, suppose you find that Canfor Pulp 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 |
Canfor Pulp 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 Canfor Pulp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canfor Pulp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canfor Pulp stock over time.
Current vs Lagged Prices |
| Timeline |
Canfor Pulp Lagged Returns
When evaluating Canfor Pulp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canfor Pulp stock have on its future price. Canfor Pulp 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, Canfor Pulp autocorrelation shows the relationship between Canfor Pulp stock current value and its past values and can show if there is a momentum factor associated with investing in Canfor Pulp Products.
Regressed Prices |
| Timeline |
Pair Trading with Canfor Pulp
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 Canfor Pulp 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 Canfor Pulp will appreciate offsetting losses from the drop in the long position's value.Moving against Canfor Stock
| 0.67 | FFH-PM | Fairfax Financial | PairCorr |
| 0.63 | FDY | Faraday Copper Corp | PairCorr |
| 0.61 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.61 | FFH-PF | Fairfax Financial | PairCorr |
| 0.6 | FFH-PH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Canfor Pulp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canfor Pulp 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 Canfor Pulp - 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 Canfor Pulp Products to buy it.
The correlation of Canfor Pulp 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 Canfor Pulp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor Pulp Products 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 Canfor Pulp 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 Canfor Stock
Canfor Pulp financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor Pulp security.