Canada Goose Holdings Stock Market Value
| GOOS Stock | USD 11.27 0.13 1.17% |
| Symbol | Canada |
Canada Goose Holdings Price To Book Ratio
Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose 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 0.008 | Earnings Share 0.36 | Revenue Per Share 12.352 | Quarterly Revenue Growth 0.058 | Return On Assets 0.0416 |
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.
Canada Goose '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 Canada Goose'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 Canada Goose.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Canada Goose on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Canada Goose Holdings or generate 0.0% return on investment in Canada Goose over 30 days. Canada Goose is related to or competes with PVH Corp, VF, Levi Strauss, Under Armour, Columbia Sportswear, Hanesbrands, and Ralph Lauren. Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, ... More
Canada Goose 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 Canada Goose'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 Canada Goose Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 4.86 |
Canada Goose Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Goose's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canada Goose's standard deviation. In reality, there are many statistical measures that can use Canada Goose historical prices to predict the future Canada Goose's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.1037 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canada Goose'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.
Canada Goose Holdings Backtested Returns
Canada Goose Holdings secures Sharpe Ratio (or Efficiency) of -0.0286, which signifies that the company had a -0.0286% return per unit of risk over the last 3 months. Canada Goose Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canada Goose's Mean Deviation of 2.26, standard deviation of 3.0, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.99, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Canada Goose are expected to decrease slowly. On the other hand, during market turmoil, Canada Goose is expected to outperform it slightly. Canada Goose Holdings has an expected return of -0.0863%. Please make sure to confirm Canada Goose Holdings information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Canada Goose Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Canada Goose Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Canada Goose time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th of April 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 Canada Goose Holdings price movement. The serial correlation of -0.78 indicates that around 78.0% of current Canada Goose price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Canada Goose Holdings lagged returns against current returns
Autocorrelation, which is Canada Goose 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 Canada Goose's stock expected returns. We can calculate the autocorrelation of Canada Goose returns to help us make a trade decision. For example, suppose you find that Canada Goose 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 |
Canada Goose 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 Canada Goose stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canada Goose stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canada Goose stock over time.
Current vs Lagged Prices |
| Timeline |
Canada Goose Lagged Returns
When evaluating Canada Goose's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canada Goose stock have on its future price. Canada Goose 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, Canada Goose autocorrelation shows the relationship between Canada Goose stock current value and its past values and can show if there is a momentum factor associated with investing in Canada Goose Holdings.
Regressed Prices |
| Timeline |
Canada Goose Investors Sentiment
The influence of Canada Goose's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canada. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Canada Goose's public news can be used to forecast risks associated with an investment in Canada. The trend in average sentiment can be used to explain how an investor holding Canada can time the market purely based on public headlines and social activities around Canada Goose Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canada Goose's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canada Goose's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canada Goose's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canada Goose.
Canada Goose Implied Volatility | 338.92 |
Canada Goose's implied volatility exposes the market's sentiment of Canada Goose Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canada Goose's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canada Goose stock will not fluctuate a lot when Canada Goose's options are near their expiration.
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 Canada Goose 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, Canada Goose's short interest history, or implied volatility extrapolated from Canada Goose options trading.
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When running Canada Goose's price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
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Canada Goose technical stock 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, stock market cycles, or different charting patterns.