Canacol Energy Stock Market Value
| CNNEF Stock | USD 2.71 0.04 1.45% |
| Symbol | Canacol |
Canacol Energy '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 Canacol Energy's otc 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 Canacol Energy.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Canacol Energy on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Canacol Energy or generate 0.0% return on investment in Canacol Energy over 330 days. Canacol Energy is related to or competes with PetroShale, Inpex Corp, Battalion Oil, Condor Petroleum, InPlay Oil, Cardinal Energy, and Freehold Royalties. Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in C... More
Canacol Energy 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 Canacol Energy's otc 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 Canacol Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.01 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.69 |
Canacol Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canacol Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canacol Energy's standard deviation. In reality, there are many statistical measures that can use Canacol Energy historical prices to predict the future Canacol Energy's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | 0.0253 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2849 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canacol Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canacol Energy Backtested Returns
At this point, Canacol Energy is very risky. Canacol Energy secures Sharpe Ratio (or Efficiency) of 0.0172, which signifies that the company had a 0.0172% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canacol Energy, which you can use to evaluate the volatility of the firm. Please confirm Canacol Energy's Risk Adjusted Performance of 0.0208, downside deviation of 2.35, and Mean Deviation of 2.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.0558%. Canacol Energy has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canacol Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canacol Energy is expected to be smaller as well. Canacol Energy right now shows a risk of 3.25%. Please confirm Canacol Energy downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Canacol Energy will be following its price patterns.
Auto-correlation | 0.70 |
Good predictability
Canacol Energy has good predictability. Overlapping area represents the amount of predictability between Canacol Energy time series from 7th of January 2024 to 20th of June 2024 and 20th of June 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 Canacol Energy price movement. The serial correlation of 0.7 indicates that around 70.0% of current Canacol Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Canacol Energy lagged returns against current returns
Autocorrelation, which is Canacol Energy otc 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 Canacol Energy's otc stock expected returns. We can calculate the autocorrelation of Canacol Energy returns to help us make a trade decision. For example, suppose you find that Canacol Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Canacol Energy 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 Canacol Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canacol Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canacol Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Canacol Energy Lagged Returns
When evaluating Canacol Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canacol Energy otc stock have on its future price. Canacol Energy 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, Canacol Energy autocorrelation shows the relationship between Canacol Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Canacol Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canacol OTC Stock
Canacol Energy financial ratios help investors to determine whether Canacol OTC 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 Canacol with respect to the benefits of owning Canacol Energy security.