Canada Nickel Stock Market Value
| CNC Stock | CAD 0.97 0.01 1.04% |
| Symbol | Canada |
Canada Nickel Price To Book Ratio
Canada Nickel '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 Canada Nickel'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 Canada Nickel.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Canada Nickel on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Canada Nickel or generate 0.0% return on investment in Canada Nickel over 30 days. Canada Nickel is related to or competes with FPX Nickel, Giga Metals, and American Lithium. Canyon Copper Corp., an exploration stage company, acquires, explores for, and develops mineral properties in Canada and... More
Canada Nickel 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 Canada Nickel'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 Canada Nickel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.15 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.04 |
Canada Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canada Nickel's standard deviation. In reality, there are many statistical measures that can use Canada Nickel historical prices to predict the future Canada Nickel's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0867 |
Canada Nickel Backtested Returns
At this stage we consider Canada Stock to be dangerous. Canada Nickel secures Sharpe Ratio (or Efficiency) of 0.0055, which signifies that the company had a 0.0055% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Canada Nickel, which you can use to evaluate the volatility of the firm. Please confirm Canada Nickel's Downside Deviation of 2.32, risk adjusted performance of 0.0071, and Mean Deviation of 1.76 to double-check if the risk estimate we provide is consistent with the expected return of 0.0137%. 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, returns on owning Canada Nickel are expected to decrease at a much lower rate. During the bear market, Canada Nickel is likely to outperform the market. Canada Nickel right now shows a risk of 2.49%. Please confirm Canada Nickel total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Canada Nickel will be following its price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Canada Nickel has very weak reverse predictability. Overlapping area represents the amount of predictability between Canada Nickel time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canada Nickel price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Canada Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canada Nickel lagged returns against current returns
Autocorrelation, which is Canada Nickel 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 Canada Nickel's stock expected returns. We can calculate the autocorrelation of Canada Nickel returns to help us make a trade decision. For example, suppose you find that Canada Nickel 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 |
Canada Nickel 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 Canada Nickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Nickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Nickel stock over time.
Current vs Lagged Prices |
| Timeline |
Canada Nickel Lagged Returns
When evaluating Canada Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canada Nickel stock have on its future price. Canada Nickel 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, Canada Nickel autocorrelation shows the relationship between Canada Nickel stock current value and its past values and can show if there is a momentum factor associated with investing in Canada Nickel.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Canada Stock Analysis
When running Canada Nickel's price analysis, check to measure Canada Nickel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canada Nickel is operating at the current time. Most of Canada Nickel's value examination focuses on studying past and present price action to predict the probability of Canada Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Nickel's price. Additionally, you may evaluate how the addition of Canada Nickel to your portfolios can decrease your overall portfolio volatility.