California-Engels OTC Pink Sheet Market Value

CAEN
 Stock
  

USD 2.65  1.35  33.75%   

California-Engels' market value is the price at which a share of California-Engels stock trades on a public exchange. It measures the collective expectations of California-Engels Mining investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of California-Engels Mining and determine expected loss or profit from investing in California-Engels over a given investment horizon. Continue to California-Engels Correlation, California-Engels Volatility and California-Engels Alpha and Beta module to complement your research on California-Engels.
Symbol

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

California-Engels '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 California-Engels' otc 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 California-Engels.
0.00
11/01/2022
No Change 0.00  0.0 
In 31 days
12/01/2022
0.00
If you would invest  0.00  in California-Engels on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding California-Engels Mining or generate 0.0% return on investment in California-Engels over 30 days. California-Engels is related to or competes with Coca Cola. California-Engels Mining Company engages in developing mineral and timber properties in the western United States More

California-Engels 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 California-Engels' otc 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 California-Engels Mining upside and downside potential and time the market with a certain degree of confidence.

California-Engels Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for California-Engels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California-Engels' standard deviation. In reality, there are many statistical measures that can use California-Engels historical prices to predict the future California-Engels' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of California-Engels' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of California-Engels in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.132.6510.47
Details
Intrinsic
Valuation
LowReal ValueHigh
0.152.9910.81
Details
Naive
Forecast
LowNext ValueHigh
0.062.8410.66
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.983.334.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as California-Engels. Your research has to be compared to or analyzed against California-Engels' peers to derive any actionable benefits. When done correctly, California-Engels' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in California-Engels Mining.

California-Engels Mining Backtested Returns

California-Engels appears to be dangerous, given 3 months investment horizon. California-Engels Mining secures Sharpe Ratio (or Efficiency) of 0.0355, which signifies that the company had 0.0355% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for California-Engels Mining, which you can use to evaluate the future volatility of the firm. Please makes use of California-Engels' to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, California-Engels holds a performance score of 2. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. Let's try to break down what California-Engels's beta means in this case. the returns on MARKET and California-Engels are completely uncorrelated. Although it is vital to follow California-Engels Mining historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing California-Engels Mining technical indicators, you can presently evaluate if the expected return of 0.28% will be sustainable into the future. Please makes use of California-Engels Mining value at risk, and the relationship between the total risk alpha and expected short fall to make a quick decision on whether California-Engels price patterns will revert.

Auto-correlation

    
  0.00  

No correlation between past and present

California-Engels Mining has no correlation between past and present. Overlapping area represents the amount of predictability between California-Engels time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of California-Engels Mining price movement. The serial correlation of 0.0 indicates that just 0.0% of current California-Engels price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.02
Residual Average0.0
Price Variance0.38

California-Engels Mining lagged returns against current returns

Autocorrelation, which is California-Engels otc 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 California-Engels' otc pink sheet expected returns. We can calculate the autocorrelation of California-Engels returns to help us make a trade decision. For example, suppose you find that California-Engels otc pink sheet 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

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

California-Engels Lagged Returns

When evaluating California-Engels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California-Engels otc pink sheet have on its future price. California-Engels 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, California-Engels autocorrelation shows the relationship between California-Engels otc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in California-Engels Mining.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards California-Engels in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, California-Engels' short interest history, or implied volatility extrapolated from California-Engels options trading.

Pair Trading with California-Engels

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California-Engels position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California-Engels will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to California-Engels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California-Engels when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California-Engels - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California-Engels Mining to buy it.
The correlation of California-Engels is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California-Engels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California-Engels Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for California-Engels can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to California-Engels Correlation, California-Engels Volatility and California-Engels Alpha and Beta module to complement your research on California-Engels. Note that the California-Engels Mining information on this page should be used as a complementary analysis to other California-Engels' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for California-Engels OTC Pink Sheet analysis

When running California-Engels Mining price analysis, check to measure California-Engels' 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 California-Engels is operating at the current time. Most of California-Engels' value examination focuses on studying past and present price action to predict the probability of California-Engels' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move California-Engels' price. Additionally, you may evaluate how the addition of California-Engels to your portfolios can decrease your overall portfolio volatility.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
California-Engels technical otc pink sheet 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, otc market cycles, or different charting patterns.
A focus of California-Engels technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of California-Engels 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...