CANADIAN NORTH (Germany) Market Value

EO0 Stock  EUR 0.66  0.01  1.54%   
CANADIAN NORTH's market value is the price at which a share of CANADIAN NORTH trades on a public exchange. It measures the collective expectations of CANADIAN NORTH RESOURCES investors about its performance. CANADIAN NORTH is trading at 0.66 as of the 28th of January 2025. This is a 1.54 percent up since the beginning of the trading day. The stock's lowest day price was 0.66.
With this module, you can estimate the performance of a buy and hold strategy of CANADIAN NORTH RESOURCES and determine expected loss or profit from investing in CANADIAN NORTH over a given investment horizon. Check out CANADIAN NORTH Correlation, CANADIAN NORTH Volatility and CANADIAN NORTH Alpha and Beta module to complement your research on CANADIAN NORTH.
Symbol

Please note, there is a significant difference between CANADIAN NORTH's value and its price as these two are different measures arrived at by different means. Investors typically determine if CANADIAN NORTH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CANADIAN NORTH'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.

CANADIAN NORTH '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 NORTH's 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 CANADIAN NORTH.
0.00
07/08/2023
No Change 0.00  0.0 
In 1 year 6 months and 25 days
01/28/2025
0.00
If you would invest  0.00  in CANADIAN NORTH on July 8, 2023 and sell it all today you would earn a total of 0.00 from holding CANADIAN NORTH RESOURCES or generate 0.0% return on investment in CANADIAN NORTH over 570 days. CANADIAN NORTH is related to or competes with Firan Technology, Yanzhou Coal, PKSHA TECHNOLOGY, SCOTT TECHNOLOGY, Globex Mining, and Easy Software. Entertainment One Ltd. engages in the acquisition, development, production, financing, distribution, and sale of family,... More

CANADIAN NORTH 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 NORTH's 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 CANADIAN NORTH RESOURCES upside and downside potential and time the market with a certain degree of confidence.

CANADIAN NORTH Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CANADIAN NORTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CANADIAN NORTH's standard deviation. In reality, there are many statistical measures that can use CANADIAN NORTH historical prices to predict the future CANADIAN NORTH's volatility.
Hype
Prediction
LowEstimatedHigh
0.030.667.90
Details
Intrinsic
Valuation
LowRealHigh
0.030.537.77
Details
Naive
Forecast
LowNextHigh
0.010.667.90
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.640.650.67
Details

CANADIAN NORTH RESOURCES Backtested Returns

CANADIAN NORTH appears to be out of control, given 3 months investment horizon. CANADIAN NORTH RESOURCES secures Sharpe Ratio (or Efficiency) of 0.0323, which signifies that the company had a 0.0323 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CANADIAN NORTH RESOURCES, which you can use to evaluate the volatility of the entity. Please makes use of CANADIAN NORTH's Mean Deviation of 4.03, semi deviation of 5.57, and Coefficient Of Variation of 3477.42 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CANADIAN NORTH holds a performance score of 2. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CANADIAN NORTH are expected to decrease at a much lower rate. During the bear market, CANADIAN NORTH is likely to outperform the market. Please check CANADIAN NORTH's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether CANADIAN NORTH's price patterns will revert.

Auto-correlation

    
  0.40  

Average predictability

CANADIAN NORTH RESOURCES has average predictability. Overlapping area represents the amount of predictability between CANADIAN NORTH time series from 8th of July 2023 to 18th of April 2024 and 18th of April 2024 to 28th 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 CANADIAN NORTH RESOURCES price movement. The serial correlation of 0.4 indicates that just about 40.0% of current CANADIAN NORTH price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test0.43
Residual Average0.0
Price Variance0.0
CANADIAN ReturnsCANADIAN Lagged ReturnsDiversified AwayCANADIAN ReturnsCANADIAN Lagged ReturnsDiversified Away100%

CANADIAN NORTH RESOURCES lagged returns against current returns

Autocorrelation, which is CANADIAN NORTH 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 CANADIAN NORTH's stock expected returns. We can calculate the autocorrelation of CANADIAN NORTH returns to help us make a trade decision. For example, suppose you find that CANADIAN NORTH has exhibited high autocorrelation historically, and you observe that the 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   
JavaScript chart by amCharts 3.21.15MayJulSepNov2025-60%-40%-20%0%20%40%60%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

CANADIAN NORTH 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 NORTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CANADIAN NORTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CANADIAN NORTH stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15MayJulSepNov20250.60.81.01.21.41.61.82.0
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

CANADIAN NORTH Lagged Returns

When evaluating CANADIAN NORTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CANADIAN NORTH stock have on its future price. CANADIAN NORTH 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 NORTH autocorrelation shows the relationship between CANADIAN NORTH stock current value and its past values and can show if there is a momentum factor associated with investing in CANADIAN NORTH RESOURCES.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Oct2024AprJulOct20250.51.01.52.02.5
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in CANADIAN Stock

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