Canadian Tire (Germany) Market Value
| YAAA Stock | 93.15 0.15 0.16% |
| Symbol | Canadian |
Canadian Tire '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 Tire'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 Tire.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Canadian Tire on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Tire Corp or generate 0.0% return on investment in Canadian Tire over 90 days. Canadian Tire is related to or competes with DELTA AIR, Enter Air, Wizz Air, Gladstone Investment, Japan Asia, MYFAIR GOLD, and AGNC INVESTMENT. More
Canadian Tire 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 Tire'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 Tire Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.86 |
Canadian Tire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Tire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Tire's standard deviation. In reality, there are many statistical measures that can use Canadian Tire historical prices to predict the future Canadian Tire's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.103 | |||
| Treynor Ratio | 1.51 |
Canadian Tire Corp Backtested Returns
Canadian Tire Corp secures Sharpe Ratio (or Efficiency) of -0.0881, which signifies that the company had a -0.0881 % return per unit of risk over the last 3 months. Canadian Tire Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Tire's Risk Adjusted Performance of (0.07), standard deviation of 1.61, and Mean Deviation of 1.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canadian Tire are expected to decrease at a much lower rate. During the bear market, Canadian Tire is likely to outperform the market. At this point, Canadian Tire Corp has a negative expected return of -0.14%. Please make sure to confirm Canadian Tire's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Canadian Tire Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Canadian Tire Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Canadian Tire time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 Tire Corp price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Canadian Tire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 36.89 |
Canadian Tire Corp lagged returns against current returns
Autocorrelation, which is Canadian Tire 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 Tire's stock expected returns. We can calculate the autocorrelation of Canadian Tire returns to help us make a trade decision. For example, suppose you find that Canadian Tire 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 Tire 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 Tire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Tire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Tire stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian Tire Lagged Returns
When evaluating Canadian Tire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Tire stock have on its future price. Canadian Tire 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 Tire autocorrelation shows the relationship between Canadian Tire stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Tire Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Canadian Stock Analysis
When running Canadian Tire's price analysis, check to measure Canadian Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.