Conifex Timber Stock Market Value
| CFXTF Stock | USD 0.22 0.02 10.00% |
| Symbol | Conifex |
Conifex Timber '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 Conifex Timber'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 Conifex Timber.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Conifex Timber on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Conifex Timber or generate 0.0% return on investment in Conifex Timber over 90 days. Conifex Timber is related to or competes with ArcelorMittal, Bowhead Specialty, Palomar Holdings, Allegheny Technologies, Prudential Financial, and POSCO Holdings. Conifex Timber Inc. primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and int... More
Conifex Timber 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 Conifex Timber'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 Conifex Timber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 24.24 | |||
| Value At Risk | (4.55) |
Conifex Timber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conifex Timber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conifex Timber's standard deviation. In reality, there are many statistical measures that can use Conifex Timber historical prices to predict the future Conifex Timber's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.5589 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conifex Timber's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Conifex Timber Backtested Returns
Conifex Timber secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15 % return per unit of risk over the last 3 months. Conifex Timber exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Conifex Timber's Standard Deviation of 3.63, risk adjusted performance of (0.12), and Mean Deviation of 1.32 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.98, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Conifex Timber are expected to decrease slowly. On the other hand, during market turmoil, Conifex Timber is expected to outperform it slightly. At this point, Conifex Timber has a negative expected return of -0.56%. Please make sure to confirm Conifex Timber's variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Conifex Timber performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Conifex Timber has below average predictability. Overlapping area represents the amount of predictability between Conifex Timber 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 Conifex Timber price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Conifex Timber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conifex Timber lagged returns against current returns
Autocorrelation, which is Conifex Timber 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 Conifex Timber's pink sheet expected returns. We can calculate the autocorrelation of Conifex Timber returns to help us make a trade decision. For example, suppose you find that Conifex Timber 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 |
Conifex Timber 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 Conifex Timber pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conifex Timber pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conifex Timber pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Conifex Timber Lagged Returns
When evaluating Conifex Timber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conifex Timber pink sheet have on its future price. Conifex Timber 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, Conifex Timber autocorrelation shows the relationship between Conifex Timber pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Conifex Timber.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Conifex Pink Sheet
Conifex Timber financial ratios help investors to determine whether Conifex 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 Conifex with respect to the benefits of owning Conifex Timber security.