Conair Stock Market Value

CNGA Stock  USD 0.45  0.00  0.00%   
Conair's market value is the price at which a share of Conair trades on a public exchange. It measures the collective expectations of Conair investors about its performance. Conair is trading at 0.45 as of the 4th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 0.45.
With this module, you can estimate the performance of a buy and hold strategy of Conair and determine expected loss or profit from investing in Conair over a given investment horizon. Check out Conair Correlation, Conair Volatility and Conair Alpha and Beta module to complement your research on Conair.
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Please note, there is a significant difference between Conair's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conair is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conair'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.

Conair '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 Conair'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 Conair.
0.00
11/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
01/04/2025
0.00
If you would invest  0.00  in Conair on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Conair or generate 0.0% return on investment in Conair over 60 days. Conair is related to or competes with Cummins, Chart Industries, Nuscale Power, GE Aerospace, and Nel ASA. Conair Corporation engages in the installation and servicing of commercial air conditioning, heating, refrigeration, and... More

Conair 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 Conair'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 Conair upside and downside potential and time the market with a certain degree of confidence.

Conair Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Conair's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conair's standard deviation. In reality, there are many statistical measures that can use Conair historical prices to predict the future Conair's volatility.
Hype
Prediction
LowEstimatedHigh
0.020.453.14
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Intrinsic
Valuation
LowRealHigh
0.020.393.08
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Conair. Your research has to be compared to or analyzed against Conair's peers to derive any actionable benefits. When done correctly, Conair's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Conair.

Conair Backtested Returns

At this point, Conair is abnormally volatile. Conair secures Sharpe Ratio (or Efficiency) of 0.0518, which signifies that the company had a 0.0518% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Conair, which you can use to evaluate the volatility of the firm. Please confirm Conair's Risk Adjusted Performance of 0.0487, standard deviation of 2.66, and Mean Deviation of 0.573 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Conair has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Conair's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conair is expected to be smaller as well. Conair right now shows a risk of 2.69%. Please confirm Conair treynor ratio and the relationship between the skewness and day typical price , to decide if Conair will be following its price patterns.

Auto-correlation

    
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No correlation between past and present

Conair has no correlation between past and present. Overlapping area represents the amount of predictability between Conair time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Conair price movement. The serial correlation of 0.0 indicates that just 0.0% of current Conair price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.0

Conair lagged returns against current returns

Autocorrelation, which is Conair 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 Conair's pink sheet expected returns. We can calculate the autocorrelation of Conair returns to help us make a trade decision. For example, suppose you find that Conair 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  

Conair 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 Conair pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conair pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conair pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Conair Lagged Returns

When evaluating Conair's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conair pink sheet have on its future price. Conair 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, Conair autocorrelation shows the relationship between Conair pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Conair.
   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.

Other Information on Investing in Conair Pink Sheet

Conair financial ratios help investors to determine whether Conair 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 Conair with respect to the benefits of owning Conair security.