Canadian Palladium Resources Stock Market Value
| DCNNF Stock | USD 0.04 0.0009 2.04% |
| Symbol | Canadian |
Canadian Palladium '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 Canadian Palladium'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 Canadian Palladium.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Canadian Palladium on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Palladium Resources or generate 0.0% return on investment in Canadian Palladium over 90 days. Canadian Palladium is related to or competes with Aurelia Metals, Azimut Exploration, Mundoro Capital, Progressive Planet, Durango Resources, Sterling Metals, and Amarc Resources. Canadian Palladium Resources Inc. engages in the acquisition and exploration of resource properties in North America and... More
Canadian Palladium 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 Canadian Palladium'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 Canadian Palladium Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.34 | |||
| Information Ratio | 0.0969 | |||
| Maximum Drawdown | 71.64 | |||
| Value At Risk | (20.45) | |||
| Potential Upside | 31.25 |
Canadian Palladium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Palladium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Palladium's standard deviation. In reality, there are many statistical measures that can use Canadian Palladium historical prices to predict the future Canadian Palladium's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 3.32 | |||
| Sortino Ratio | 0.1044 | |||
| Treynor Ratio | (0.98) |
Canadian Palladium Backtested Returns
Canadian Palladium is out of control given 3 months investment horizon. Canadian Palladium secures Sharpe Ratio (or Efficiency) of 0.0696, which signifies that the company had a 0.0696 % return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Canadian Palladium Risk Adjusted Performance of 0.0882, mean deviation of 11.17, and Downside Deviation of 14.34 to evaluate company specific risk that cannot be diversified away. Canadian Palladium holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.42, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Canadian Palladium are expected to decrease by larger amounts. On the other hand, during market turmoil, Canadian Palladium is expected to outperform it. Use Canadian Palladium sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Canadian Palladium.
Auto-correlation | 0.40 |
Average predictability
Canadian Palladium Resources has average predictability. Overlapping area represents the amount of predictability between Canadian Palladium 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 Canadian Palladium price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Canadian Palladium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canadian Palladium lagged returns against current returns
Autocorrelation, which is Canadian Palladium 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 Canadian Palladium's pink sheet expected returns. We can calculate the autocorrelation of Canadian Palladium returns to help us make a trade decision. For example, suppose you find that Canadian Palladium 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 |
Canadian Palladium 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 Canadian Palladium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Palladium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Palladium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canadian Palladium Lagged Returns
When evaluating Canadian Palladium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Palladium pink sheet have on its future price. Canadian Palladium 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, Canadian Palladium autocorrelation shows the relationship between Canadian Palladium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canadian Palladium Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canadian Pink Sheet
Canadian Palladium financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian Palladium security.