Cardno Limited Stock Market Value
| COLDF Stock | USD 0.17 0.00 0.00% |
| Symbol | Cardno |
Cardno '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 Cardno'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 Cardno.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cardno on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cardno Limited or generate 0.0% return on investment in Cardno over 90 days. Cardno is related to or competes with Aecon, Argan, KBR, Southland Holdings, Orion Group, Api Group, and Great Lakes. Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improve... More
Cardno 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 Cardno'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 Cardno Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.8 | |||
| Information Ratio | 0.0688 | |||
| Maximum Drawdown | 115.0 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 26.09 |
Cardno Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardno's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardno's standard deviation. In reality, there are many statistical measures that can use Cardno historical prices to predict the future Cardno's volatility.| Risk Adjusted Performance | 0.0644 | |||
| Jensen Alpha | 1.5 | |||
| Total Risk Alpha | 3.22 | |||
| Sortino Ratio | 0.0748 | |||
| Treynor Ratio | 0.2746 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cardno'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.
Cardno Limited Backtested Returns
Cardno is out of control given 3 months investment horizon. Cardno Limited secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We were able to break down twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.96% are justified by taking the suggested risk. Use Cardno Mean Deviation of 7.52, risk adjusted performance of 0.0644, and Downside Deviation of 15.8 to evaluate company specific risk that cannot be diversified away. Cardno holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.9, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cardno will likely underperform. Use Cardno sortino ratio, semi variance, day typical price, as well as the relationship between the value at risk and kurtosis , to analyze future returns on Cardno.
Auto-correlation | 0.00 |
No correlation between past and present
Cardno Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Cardno time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Cardno Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cardno price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cardno Limited lagged returns against current returns
Autocorrelation, which is Cardno 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 Cardno's pink sheet expected returns. We can calculate the autocorrelation of Cardno returns to help us make a trade decision. For example, suppose you find that Cardno 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 |
Cardno 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 Cardno pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardno pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardno pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cardno Lagged Returns
When evaluating Cardno's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardno pink sheet have on its future price. Cardno 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, Cardno autocorrelation shows the relationship between Cardno pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cardno Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cardno Pink Sheet
Cardno financial ratios help investors to determine whether Cardno 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 Cardno with respect to the benefits of owning Cardno security.