Canadian General Investments Stock Market Value
| CGI Stock | CAD 38.25 0.55 1.42% |
| Symbol | Canadian |
Canadian General Inv Price To Book Ratio
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.
| 12/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in Canadian General on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian General Investments or generate 0.0% return on investment in Canadian General over 60 days. Canadian General is related to or competes with Uniteds, Economic Investment, Abrdn Asia, Clairvest, and Cogeco. Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen Associa... More
Canadian General 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 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.58 |
Canadian General Market Risk Indicators
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.22) |
Canadian General Inv Backtested Returns
Canadian General Inv secures Sharpe Ratio (or Efficiency) of -0.099, which signifies that the company had a -0.099 % return per unit of risk over the last 3 months. Canadian General Investments exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian General's Standard Deviation of 1.05, risk adjusted performance of (0.05), and Mean Deviation of 0.8324 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. 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. At this point, Canadian General Inv has a negative expected return of -0.11%. Please make sure to confirm Canadian General's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Canadian General Inv performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Canadian General Investments has poor reverse predictability. Overlapping area represents the amount of predictability between Canadian General time series from 29th of December 2024 to 28th of January 2025 and 28th of January 2025 to 27th of February 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 -0.36 indicates that just about 36.0% of current Canadian General price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
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 |
Pair Trading with Canadian General
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 Canadian General 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 Canadian General will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.58 | ELF-PH | E L Financial Earnings Call This Week | PairCorr |
| 0.54 | FFH-PM | Fairfax Financial | PairCorr |
| 0.4 | FFH-PH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Canadian General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian General 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 Canadian General - 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 Canadian General Investments to buy it.
The correlation of Canadian General 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 Canadian General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian General Inv 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 Canadian General 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 Canadian Stock
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.