Canadian General's market value is the price at which a share of Canadian General trades on a public exchange. It measures the collective expectations of Canadian General Investments investors about its performance. Canadian General is trading at 2260.00 as of the 5th of January 2025, a No Change since the beginning of the trading day. The stock's lowest day price was 2260.0. With this module, you can estimate the performance of a buy and hold strategy of Canadian General Investments and determine expected loss or profit from investing in Canadian General over a given investment horizon. Check out Canadian General Correlation, Canadian General Volatility and Canadian General Alpha and Beta module to complement your research on Canadian General.
Please note, there is a significant difference between Canadian General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian General'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.
Canadian General '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 Canadian General'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 Canadian General.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canadian General'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 Canadian General Investments upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian General's standard deviation. In reality, there are many statistical measures that can use Canadian General historical prices to predict the future Canadian General's volatility.
At this point, Canadian General is very steady. Canadian General Inv secures Sharpe Ratio (or Efficiency) of 0.0802, which signifies that the company had a 0.0802% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Canadian General Investments, which you can use to evaluate the volatility of the firm. Please confirm Canadian General's Downside Deviation of 1.82, risk adjusted performance of 0.0707, and Mean Deviation of 1.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Canadian General has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian General's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian General is expected to be smaller as well. Canadian General Inv right now shows a risk of 1.64%. Please confirm Canadian General Inv maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Canadian General Inv will be following its price patterns.
Auto-correlation
-0.76
Almost perfect reverse predictability
Canadian General Investments has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Canadian General time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 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 Canadian General Inv price movement. The serial correlation of -0.76 indicates that around 76.0% of current Canadian General price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.76
Spearman Rank Test
-0.75
Residual Average
0.0
Price Variance
1782.83
Canadian General Inv lagged returns against current returns
Autocorrelation, which is Canadian General 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 Canadian General's stock expected returns. We can calculate the autocorrelation of Canadian General returns to help us make a trade decision. For example, suppose you find that Canadian General 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
Canadian General 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 Canadian General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian General stock over time.
Current vs Lagged Prices
Timeline
Canadian General Lagged Returns
When evaluating Canadian General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian General stock have on its future price. Canadian General 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, Canadian General autocorrelation shows the relationship between Canadian General stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian General Investments.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Canadian General financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian General security.