Canadian Solar (Germany) Market Value

L5A Stock  EUR 12.00  0.22  1.80%   
Canadian Solar's market value is the price at which a share of Canadian Solar trades on a public exchange. It measures the collective expectations of Canadian Solar investors about its performance. Canadian Solar is trading at 12.00 as of the 11th of December 2024. This is a 1.8 percent decrease since the beginning of the trading day. The stock's lowest day price was 11.4.
With this module, you can estimate the performance of a buy and hold strategy of Canadian Solar and determine expected loss or profit from investing in Canadian Solar over a given investment horizon. Check out Canadian Solar Correlation, Canadian Solar Volatility and Canadian Solar Alpha and Beta module to complement your research on Canadian Solar.
For more detail on how to invest in Canadian Stock please use our How to Invest in Canadian Solar guide.
Symbol

Please note, there is a significant difference between Canadian Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Solar'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 Solar '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 Solar'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 Solar.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Canadian Solar on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Solar or generate 0.0% return on investment in Canadian Solar over 30 days. Canadian Solar is related to or competes with Sunrun, SMA Solar, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, ce... More

Canadian Solar 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 Solar'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 Solar upside and downside potential and time the market with a certain degree of confidence.

Canadian Solar Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Solar's standard deviation. In reality, there are many statistical measures that can use Canadian Solar historical prices to predict the future Canadian Solar's volatility.
Hype
Prediction
LowEstimatedHigh
6.4212.0017.58
Details
Intrinsic
Valuation
LowRealHigh
5.0010.5816.16
Details
Naive
Forecast
LowNextHigh
7.1012.6818.26
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.8211.8212.81
Details

Canadian Solar Backtested Returns

At this point, Canadian Solar is slightly risky. Canadian Solar secures Sharpe Ratio (or Efficiency) of 0.0084, which signifies that the company had a 0.0084% return per unit of risk over the last 3 months. We have found thirty technical indicators for Canadian Solar, which you can use to evaluate the volatility of the firm. Please confirm Canadian Solar's Downside Deviation of 4.58, mean deviation of 4.19, and Risk Adjusted Performance of 0.0496 to double-check if the risk estimate we provide is consistent with the expected return of 0.0466%. The firm shows a Beta (market volatility) of -0.94, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Canadian Solar are expected to decrease slowly. On the other hand, during market turmoil, Canadian Solar is expected to outperform it slightly. Canadian Solar right now shows a risk of 5.58%. Please confirm Canadian Solar jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Canadian Solar will be following its price patterns.

Auto-correlation

    
  0.14  

Insignificant predictability

Canadian Solar has insignificant predictability. Overlapping area represents the amount of predictability between Canadian Solar time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Canadian Solar price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Canadian Solar price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.14

Canadian Solar lagged returns against current returns

Autocorrelation, which is Canadian Solar 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 Solar's stock expected returns. We can calculate the autocorrelation of Canadian Solar returns to help us make a trade decision. For example, suppose you find that Canadian Solar 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   
       Timeline  

Canadian Solar 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 Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Solar stock over time.
   Current vs Lagged Prices   
       Timeline  

Canadian Solar Lagged Returns

When evaluating Canadian Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Solar stock have on its future price. Canadian Solar 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 Solar autocorrelation shows the relationship between Canadian Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Solar.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Canadian Stock

When determining whether Canadian Solar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Solar Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Solar Stock:
Check out Canadian Solar Correlation, Canadian Solar Volatility and Canadian Solar Alpha and Beta module to complement your research on Canadian Solar.
For more detail on how to invest in Canadian Stock please use our How to Invest in Canadian Solar guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Canadian Solar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canadian Solar technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian Solar trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...