Canaquest Medical Corp Stock Volatility
| CANQF Stock | USD 0.03 0.00 0.00% |
CanaQuest Medical appears to be out of control, given 3 months investment horizon. CanaQuest Medical Corp secures Sharpe Ratio (or Efficiency) of 0.0145, which signifies that the company had a 0.0145% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for CanaQuest Medical Corp, which you can use to evaluate the volatility of the firm. Please makes use of CanaQuest Medical's Mean Deviation of 6.88, downside deviation of 20.25, and Risk Adjusted Performance of 0.0165 to double-check if our risk estimates are consistent with your expectations. Key indicators related to CanaQuest Medical's volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
CanaQuest Medical Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of CanaQuest daily returns, and it is calculated using variance and standard deviation. We also use CanaQuest's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of CanaQuest Medical volatility.
CanaQuest |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as CanaQuest Medical can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of CanaQuest Medical at lower prices to lower their average cost per share. Similarly, when the prices of CanaQuest Medical's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with CanaQuest Pink Sheet
Moving against CanaQuest Pink Sheet
| 0.66 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | KB | KB Financial Group | PairCorr |
| 0.39 | BRK-B | Berkshire Hathaway Sell-off Trend | PairCorr |
| 0.38 | BRK-A | Berkshire Hathaway | PairCorr |
CanaQuest Medical Market Sensitivity And Downside Risk
CanaQuest Medical's beta coefficient measures the volatility of CanaQuest pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents CanaQuest pink sheet's returns against your selected market. In other words, CanaQuest Medical's beta of -1.83 provides an investor with an approximation of how much risk CanaQuest Medical pink sheet can potentially add to one of your existing portfolios. CanaQuest Medical Corp is showing large volatility of returns over the selected time horizon. CanaQuest Medical Corp is a penny stock. Although CanaQuest Medical may be in fact a good investment, many penny pink sheets are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in CanaQuest Medical Corp. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on CanaQuest instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze CanaQuest Medical Corp Demand TrendCheck current 90 days CanaQuest Medical correlation with market (Dow Jones Industrial)CanaQuest Beta |
CanaQuest standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 13.6 |
It is essential to understand the difference between upside risk (as represented by CanaQuest Medical's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of CanaQuest Medical's daily returns or price. Since the actual investment returns on holding a position in canaquest pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in CanaQuest Medical.
CanaQuest Medical Corp Pink Sheet Volatility Analysis
Volatility refers to the frequency at which CanaQuest Medical pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with CanaQuest Medical's price changes. Investors will then calculate the volatility of CanaQuest Medical's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of CanaQuest Medical's volatility:
Historical Volatility
This type of pink sheet volatility measures CanaQuest Medical's fluctuations based on previous trends. It's commonly used to predict CanaQuest Medical's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for CanaQuest Medical's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on CanaQuest Medical's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. CanaQuest Medical Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
CanaQuest Medical Projected Return Density Against Market
Assuming the 90 days horizon CanaQuest Medical Corp has a beta of -1.8335 suggesting as returns on its benchmark rise, returns on holding CanaQuest Medical Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, CanaQuest Medical is expected to outperform its benchmark.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CanaQuest Medical or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CanaQuest Medical's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CanaQuest pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
CanaQuest Medical Corp has an alpha of 0.3477, implying that it can generate a 0.35 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a CanaQuest Medical Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.CanaQuest Medical Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of CanaQuest Medical is 6899.73. The daily returns are distributed with a variance of 185.09 and standard deviation of 13.6. The mean deviation of CanaQuest Medical Corp is currently at 7.07. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.35 | |
β | Beta against Dow Jones | -1.83 | |
σ | Overall volatility | 13.60 | |
Ir | Information ratio | -0.001 |
CanaQuest Medical Pink Sheet Return Volatility
CanaQuest Medical historical daily return volatility represents how much of CanaQuest Medical pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 13.6049% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7462% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About CanaQuest Medical Volatility
Volatility is a rate at which the price of CanaQuest Medical or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of CanaQuest Medical may increase or decrease. In other words, similar to CanaQuest's beta indicator, it measures the risk of CanaQuest Medical and helps estimate the fluctuations that may happen in a short period of time. So if prices of CanaQuest Medical fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.CanaQuest Medical Corp. develops health products and pharmaceuticals that utilize hemps, cannabis, and algae oils. CanaQuest Medical Corp. was founded in 2008 and is based in Mississauga, Canada. Canaquest Medical operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange.
CanaQuest Medical's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on CanaQuest Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much CanaQuest Medical's price varies over time.
3 ways to utilize CanaQuest Medical's volatility to invest better
Higher CanaQuest Medical's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of CanaQuest Medical Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. CanaQuest Medical Corp stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of CanaQuest Medical Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in CanaQuest Medical's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of CanaQuest Medical's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
CanaQuest Medical Investment Opportunity
CanaQuest Medical Corp has a volatility of 13.6 and is 18.13 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of CanaQuest Medical Corp is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use CanaQuest Medical Corp to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of CanaQuest Medical to be traded at $0.0297 in 90 days.Good diversification
The correlation between CanaQuest Medical Corp and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CanaQuest Medical Corp and DJI in the same portfolio, assuming nothing else is changed.
CanaQuest Medical Additional Risk Indicators
The analysis of CanaQuest Medical's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in CanaQuest Medical's investment and either accepting that risk or mitigating it. Along with some common measures of CanaQuest Medical pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0165 | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 6.88 | |||
| Semi Deviation | 9.84 | |||
| Downside Deviation | 20.25 | |||
| Coefficient Of Variation | 10834.76 | |||
| Standard Deviation | 13.4 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
CanaQuest Medical Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against CanaQuest Medical as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. CanaQuest Medical's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, CanaQuest Medical's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to CanaQuest Medical Corp.
Complementary Tools for CanaQuest Pink Sheet analysis
When running CanaQuest Medical's price analysis, check to measure CanaQuest Medical'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 CanaQuest Medical is operating at the current time. Most of CanaQuest Medical's value examination focuses on studying past and present price action to predict the probability of CanaQuest Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CanaQuest Medical's price. Additionally, you may evaluate how the addition of CanaQuest Medical to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |