Canfor Pulp Products Stock Market Value

CFX Stock  CAD 0.72  0.01  1.41%   
Canfor Pulp's market value is the price at which a share of Canfor Pulp trades on a public exchange. It measures the collective expectations of Canfor Pulp Products investors about its performance. Canfor Pulp is selling at 0.72 as of the 2nd of March 2025; that is 1.41% up since the beginning of the trading day. The stock's open price was 0.71.
With this module, you can estimate the performance of a buy and hold strategy of Canfor Pulp Products and determine expected loss or profit from investing in Canfor Pulp over a given investment horizon. Check out Canfor Pulp Correlation, Canfor Pulp Volatility and Canfor Pulp Alpha and Beta module to complement your research on Canfor Pulp.
Symbol

Canfor Pulp Products Price To Book Ratio

Please note, there is a significant difference between Canfor Pulp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canfor Pulp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canfor Pulp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
03/13/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/02/2025
0.00
If you would invest  0.00  in Canfor Pulp on March 13, 2023 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 720 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.

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.
Hype
Prediction
LowEstimatedHigh
0.040.724.31
Details
Intrinsic
Valuation
LowRealHigh
0.030.644.23
Details
Naive
Forecast
LowNextHigh
0.010.704.29
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.07-0.11-0.04
Details

Canfor Pulp Products Backtested Returns

Canfor Pulp Products secures Sharpe Ratio (or Efficiency) of -0.0462, which signifies that the company had a -0.0462 % return per unit of risk over the last 3 months. Canfor Pulp Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canfor Pulp's Standard Deviation of 3.55, mean deviation of 2.7, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Canfor Pulp are expected to decrease at a much lower rate. During the bear market, Canfor Pulp is likely to outperform the market. At this point, Canfor Pulp Products has a negative expected return of -0.17%. Please make sure to confirm Canfor Pulp's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Canfor Pulp Products performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.64  

Good predictability

Canfor Pulp Products has good predictability. Overlapping area represents the amount of predictability between Canfor Pulp time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 0.64 indicates that roughly 64.0% of current Canfor Pulp price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.1

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

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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.
Pair CorrelationCorrelation Matching

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.