Canterbury Park Holding Stock Volatility

CPHC Stock  USD 23.34  0.20  0.86%   
Canterbury Park appears to be somewhat reliable, given 3 months investment horizon. Canterbury Park Holding secures Sharpe Ratio (or Efficiency) of 0.0773, which signifies that the company had a 0.0773% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Canterbury Park Holding, which you can use to evaluate the volatility of the firm. Please makes use of Canterbury Park's Mean Deviation of 2.53, risk adjusted performance of 0.0611, and Downside Deviation of 3.42 to double-check if our risk estimates are consistent with your expectations. Key indicators related to Canterbury Park's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
Canterbury Park Stock 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 Canterbury daily returns, and it is calculated using variance and standard deviation. We also use Canterbury's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Canterbury Park volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Canterbury Park can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Canterbury Park at lower prices. For example, an investor can purchase Canterbury stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Canterbury Park's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Canterbury Stock

  0.65FUN Cedar Fair LP Financial Report 2nd of May 2024 PairCorr

Moving against Canterbury Stock

  0.62RAVE Rave Restaurant GroupPairCorr
  0.47SBET Sharplink Gaming Report 3rd of April 2024 PairCorr

Canterbury Park Market Sensitivity And Downside Risk

Canterbury Park's beta coefficient measures the volatility of Canterbury stock 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 Canterbury stock's returns against your selected market. In other words, Canterbury Park's beta of 0.98 provides an investor with an approximation of how much risk Canterbury Park stock can potentially add to one of your existing portfolios. Canterbury Park Holding shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canterbury Park's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canterbury Park's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Canterbury Park Holding Demand Trend
Check current 90 days Canterbury Park correlation with market (NYSE Composite)

Canterbury Beta

    
  0.98  
Canterbury 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

    
  3.71  
It is essential to understand the difference between upside risk (as represented by Canterbury Park's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Canterbury Park's daily returns or price. Since the actual investment returns on holding a position in canterbury stock 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 Canterbury Park.

Canterbury Park Holding Stock Volatility Analysis

Volatility refers to the frequency at which Canterbury Park stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Canterbury Park's price changes. Investors will then calculate the volatility of Canterbury Park's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock 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 Canterbury Park's volatility:

Historical Volatility

This type of stock volatility measures Canterbury Park's fluctuations based on previous trends. It's commonly used to predict Canterbury Park's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Canterbury Park's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Canterbury Park'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. Canterbury Park Holding 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.

Canterbury Park Projected Return Density Against Market

Given the investment horizon of 90 days Canterbury Park has a beta of 0.9823 suggesting Canterbury Park Holding market returns are highly-sensitive to returns on the market. As the market goes up or down, Canterbury Park is expected to follow.
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 Canterbury Park or Hotels, Restaurants & Leisure 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 Canterbury Park's price will be affected by overall stock 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 Canterbury stock'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.
Canterbury Park Holding has an alpha of 0.2119, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Canterbury Park's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how canterbury stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Canterbury Park Price Volatility?

Several factors can influence a stock'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.

Canterbury Park Stock Risk Measures

Given the investment horizon of 90 days the coefficient of variation of Canterbury Park is 1293.46. The daily returns are distributed with a variance of 13.76 and standard deviation of 3.71. The mean deviation of Canterbury Park Holding is currently at 2.58. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
0.21
β
Beta against NYSE Composite0.98
σ
Overall volatility
3.71
Ir
Information ratio 0.06

Canterbury Park Stock Return Volatility

Canterbury Park historical daily return volatility represents how much of Canterbury Park stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 3.7096% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.5689% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Canterbury Park Volatility

Volatility is a rate at which the price of Canterbury Park 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 Canterbury Park may increase or decrease. In other words, similar to Canterbury's beta indicator, it measures the risk of Canterbury Park and helps estimate the fluctuations that may happen in a short period of time. So if prices of Canterbury Park 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.
Last ReportedProjected for 2024
Selling And Marketing Expenses2.1 M2.1 M
Canterbury Park'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 Canterbury Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Canterbury Park's price varies over time.

3 ways to utilize Canterbury Park's volatility to invest better

Higher Canterbury Park's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Canterbury Park Holding 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. Canterbury Park Holding 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 Canterbury Park Holding investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Canterbury Park'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 Canterbury Park's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Canterbury Park Investment Opportunity

Canterbury Park Holding has a volatility of 3.71 and is 6.51 times more volatile than NYSE Composite. 32 percent of all equities and portfolios are less risky than Canterbury Park. You can use Canterbury Park Holding to enhance the returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of Canterbury Park to be traded at $25.67 in 90 days.

Average diversification

The correlation between Canterbury Park Holding and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canterbury Park Holding and NYA in the same portfolio, assuming nothing else is changed.

Canterbury Park Additional Risk Indicators

The analysis of Canterbury Park'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 Canterbury Park's investment and either accepting that risk or mitigating it. Along with some common measures of Canterbury Park stock'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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Canterbury Park 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 Canterbury Park 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. Canterbury Park'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, Canterbury Park'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 Canterbury Park Holding.
When determining whether Canterbury Park Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canterbury Park's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canterbury Park Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canterbury Park Holding Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Canterbury Park Holding information on this page should be used as a complementary analysis to other Canterbury Park'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Canterbury Stock analysis

When running Canterbury Park's price analysis, check to measure Canterbury Park'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 Canterbury Park is operating at the current time. Most of Canterbury Park's value examination focuses on studying past and present price action to predict the probability of Canterbury Park's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canterbury Park's price. Additionally, you may evaluate how the addition of Canterbury Park to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Transaction History
View history of all your transactions and understand their impact on performance
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Fundamental Analysis
View fundamental data based on most recent published financial statements
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Is Canterbury Park's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canterbury Park. If investors know Canterbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canterbury Park listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.248
Dividend Share
0.28
Earnings Share
2.13
Revenue Per Share
12.484
Quarterly Revenue Growth
(0.04)
The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park'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.