Capstone Infrastructure Corp Preferred Stock Market Value
CSE-PA Preferred Stock | CAD 14.60 0.02 0.14% |
Symbol | Capstone |
Capstone Infrastructure '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 Capstone Infrastructure's preferred 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 Capstone Infrastructure.
12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Capstone Infrastructure on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Capstone Infrastructure Corp or generate 0.0% return on investment in Capstone Infrastructure over 720 days. Capstone Infrastructure is related to or competes with Brookfield Renewable, TransAlta Corp, and Maxim Power. Capstone Infrastructure Corporation, together with its subsidiaries, owns, operates, and develops thermal and renewable ... More
Capstone Infrastructure 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 Capstone Infrastructure's preferred 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 Capstone Infrastructure Corp upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7617 | |||
Information Ratio | (0.21) | |||
Maximum Drawdown | 3.18 | |||
Value At Risk | (0.82) | |||
Potential Upside | 1.05 |
Capstone Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capstone Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capstone Infrastructure's standard deviation. In reality, there are many statistical measures that can use Capstone Infrastructure historical prices to predict the future Capstone Infrastructure's volatility.Risk Adjusted Performance | 0.05 | |||
Jensen Alpha | 0.0223 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.13) | |||
Treynor Ratio | 0.9296 |
Capstone Infrastructure Backtested Returns
At this point, Capstone Infrastructure is very steady. Capstone Infrastructure secures Sharpe Ratio (or Efficiency) of 0.0545, which signifies that the company had a 0.0545% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Capstone Infrastructure Corp, which you can use to evaluate the volatility of the firm. Please confirm Capstone Infrastructure's Mean Deviation of 0.2636, downside deviation of 0.7617, and Risk Adjusted Performance of 0.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0271%. Capstone Infrastructure has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0278, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capstone Infrastructure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capstone Infrastructure is expected to be smaller as well. Capstone Infrastructure right now shows a risk of 0.5%. Please confirm Capstone Infrastructure downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Capstone Infrastructure will be following its price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Capstone Infrastructure Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Capstone Infrastructure time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Capstone Infrastructure price movement. The serial correlation of -0.67 indicates that around 67.0% of current Capstone Infrastructure price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.67 | |
Spearman Rank Test | -0.75 | |
Residual Average | 0.0 | |
Price Variance | 0.85 |
Capstone Infrastructure lagged returns against current returns
Autocorrelation, which is Capstone Infrastructure preferred 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 Capstone Infrastructure's preferred stock expected returns. We can calculate the autocorrelation of Capstone Infrastructure returns to help us make a trade decision. For example, suppose you find that Capstone Infrastructure has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Capstone Infrastructure 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 Capstone Infrastructure preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capstone Infrastructure preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capstone Infrastructure preferred stock over time.
Current vs Lagged Prices |
Timeline |
Capstone Infrastructure Lagged Returns
When evaluating Capstone Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capstone Infrastructure preferred stock have on its future price. Capstone Infrastructure 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, Capstone Infrastructure autocorrelation shows the relationship between Capstone Infrastructure preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Capstone Infrastructure Corp.
Regressed Prices |
Timeline |
Pair Trading with Capstone Infrastructure
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 Capstone Infrastructure 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 Capstone Infrastructure will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Capstone Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capstone Infrastructure 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 Capstone Infrastructure - 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 Capstone Infrastructure Corp to buy it.
The correlation of Capstone Infrastructure 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 Capstone Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capstone Infrastructure 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 Capstone Infrastructure 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 Capstone Preferred Stock
Capstone Infrastructure financial ratios help investors to determine whether Capstone Preferred 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 Capstone with respect to the benefits of owning Capstone Infrastructure security.