Calian Technologies Stock Market Value
| CGY Stock | CAD 42.00 1.50 3.70% |
| Symbol | Calian |
Calian Technologies Price To Book Ratio
Calian Technologies '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 Calian Technologies' 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 Calian Technologies.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Calian Technologies on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Calian Technologies or generate 0.0% return on investment in Calian Technologies over 90 days. Calian Technologies is related to or competes with Enghouse Systems, Jamieson Wellness, TECSYS, and Descartes Systems. Calian Group Ltd. provides services and solutions in the areas of advanced technologies, health, learning, and informati... More
Calian Technologies 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 Calian Technologies' 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 Calian Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.58 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.84 |
Calian Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calian Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calian Technologies' standard deviation. In reality, there are many statistical measures that can use Calian Technologies historical prices to predict the future Calian Technologies' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.0374 | |||
| Treynor Ratio | (0.33) |
Calian Technologies Backtested Returns
Calian Technologies secures Sharpe Ratio (or Efficiency) of -0.0807, which signifies that the company had a -0.0807 % return per unit of risk over the last 3 months. Calian Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calian Technologies' Mean Deviation of 1.48, standard deviation of 2.02, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calian Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Calian Technologies is expected to be smaller as well. At this point, Calian Technologies has a negative expected return of -0.17%. Please make sure to confirm Calian Technologies' kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Calian Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Calian Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Calian Technologies 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 Calian Technologies price movement. The serial correlation of -0.77 indicates that around 77.0% of current Calian Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 13.2 |
Calian Technologies lagged returns against current returns
Autocorrelation, which is Calian Technologies 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 Calian Technologies' stock expected returns. We can calculate the autocorrelation of Calian Technologies returns to help us make a trade decision. For example, suppose you find that Calian Technologies 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 |
Calian Technologies 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 Calian Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calian Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calian Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Calian Technologies Lagged Returns
When evaluating Calian Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calian Technologies stock have on its future price. Calian Technologies 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, Calian Technologies autocorrelation shows the relationship between Calian Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Calian Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Calian Technologies
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 Calian Technologies 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 Calian Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Calian Stock
The ability to find closely correlated positions to Calian Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calian Technologies 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 Calian Technologies - 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 Calian Technologies to buy it.
The correlation of Calian Technologies 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 Calian Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calian Technologies 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 Calian Technologies 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 Calian Stock
Calian Technologies financial ratios help investors to determine whether Calian 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 Calian with respect to the benefits of owning Calian Technologies security.