Canyon Bancorp Stock Market Value
CYBA Stock | USD 0.01 0.00 0.00% |
Symbol | Canyon |
Canyon Bancorp '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 Canyon Bancorp's 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 Canyon Bancorp.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Canyon Bancorp on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Canyon Bancorp or generate 0.0% return on investment in Canyon Bancorp over 720 days. Canyon Bancorp is related to or competes with China Merchants, HDFC Bank, Fifth Third, Banco Bradesco, Banco Do, ICICI Bank, and US Bancorp. Canyon Bancorp was founded in 2006 and is based in Palm Springs, California More
Canyon Bancorp 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 Canyon Bancorp's 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 Canyon Bancorp upside and downside potential and time the market with a certain degree of confidence.
Canyon Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canyon Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canyon Bancorp's standard deviation. In reality, there are many statistical measures that can use Canyon Bancorp historical prices to predict the future Canyon Bancorp's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canyon Bancorp's 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.
Canyon Bancorp Backtested Returns
We have found three technical indicators for Canyon Bancorp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Canyon Bancorp are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Canyon Bancorp has perfect predictability. Overlapping area represents the amount of predictability between Canyon Bancorp time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Canyon Bancorp price movement. The serial correlation of 1.0 indicates that 100.0% of current Canyon Bancorp price fluctuation can be explain by its past prices.
Correlation Coefficient | 1.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Canyon Bancorp lagged returns against current returns
Autocorrelation, which is Canyon Bancorp 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 Canyon Bancorp's pink sheet expected returns. We can calculate the autocorrelation of Canyon Bancorp returns to help us make a trade decision. For example, suppose you find that Canyon Bancorp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Canyon Bancorp 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 Canyon Bancorp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canyon Bancorp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canyon Bancorp pink sheet over time.
Current vs Lagged Prices |
Timeline |
Canyon Bancorp Lagged Returns
When evaluating Canyon Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canyon Bancorp pink sheet have on its future price. Canyon Bancorp 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, Canyon Bancorp autocorrelation shows the relationship between Canyon Bancorp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canyon Bancorp.
Regressed Prices |
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 Canyon Bancorp 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, Canyon Bancorp's short interest history, or implied volatility extrapolated from Canyon Bancorp options trading.
Pair Trading with Canyon Bancorp
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 Canyon Bancorp 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 Canyon Bancorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canyon Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canyon Bancorp 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 Canyon Bancorp - 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 Canyon Bancorp to buy it.
The correlation of Canyon Bancorp is a statistical measure of how it moves in relation to other instruments. 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 Canyon Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canyon Bancorp 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 Canyon Bancorp 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.Check out Canyon Bancorp Correlation, Canyon Bancorp Volatility and Canyon Bancorp Alpha and Beta module to complement your research on Canyon Bancorp. Note that the Canyon Bancorp information on this page should be used as a complementary analysis to other Canyon Bancorp's 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 the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Canyon Pink Sheet analysis
When running Canyon Bancorp's price analysis, check to measure Canyon Bancorp'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 Canyon Bancorp is operating at the current time. Most of Canyon Bancorp's value examination focuses on studying past and present price action to predict the probability of Canyon Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canyon Bancorp's price. Additionally, you may evaluate how the addition of Canyon Bancorp to your portfolios can decrease your overall portfolio volatility.
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Canyon Bancorp technical 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, pink sheet market cycles, or different charting patterns.