Canadian Tire Stock Market Value
| CDNAF Stock | USD 116.05 4.26 3.54% |
| Symbol | Canadian |
Canadian Tire '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 Canadian Tire'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 Canadian Tire.
| 05/13/2025 |
| 08/11/2025 |
If you would invest 0.00 in Canadian Tire on May 13, 2025 and sell it all today you would earn a total of 0.00 from holding Canadian Tire or generate 0.0% return on investment in Canadian Tire over 90 days. Canadian Tire is related to or competes with Tractor Supply, RH, AutoZone, Dicks Sporting, Advance Auto, Genuine Parts, and Five Below. Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada More
Canadian Tire 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 Canadian Tire'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 Canadian Tire upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | (0.0007) | |||
| Maximum Drawdown | 23.27 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.75 |
Canadian Tire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Tire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Tire's standard deviation. In reality, there are many statistical measures that can use Canadian Tire historical prices to predict the future Canadian Tire's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | 0.109 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | 8.63 |
Canadian Tire Backtested Returns
At this point, Canadian Tire is very steady. Canadian Tire secures Sharpe Ratio (or Efficiency) of 0.0239, which signifies that the company had a 0.0239 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Canadian Tire, which you can use to evaluate the volatility of the firm. Please confirm Canadian Tire's Risk Adjusted Performance of 0.0416, mean deviation of 1.39, and Downside Deviation of 3.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.0655%. Canadian Tire has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0128, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian Tire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Tire is expected to be smaller as well. Canadian Tire right now shows a risk of 2.74%. Please confirm Canadian Tire total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Canadian Tire will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Canadian Tire has poor reverse predictability. Overlapping area represents the amount of predictability between Canadian Tire time series from 13th of May 2025 to 27th of June 2025 and 27th of June 2025 to 11th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canadian Tire price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Canadian Tire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 41.73 |
Canadian Tire lagged returns against current returns
Autocorrelation, which is Canadian Tire 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 Canadian Tire's pink sheet expected returns. We can calculate the autocorrelation of Canadian Tire returns to help us make a trade decision. For example, suppose you find that Canadian Tire 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 |
Canadian Tire 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 Canadian Tire pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Tire pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Tire pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canadian Tire Lagged Returns
When evaluating Canadian Tire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Tire pink sheet have on its future price. Canadian Tire 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, Canadian Tire autocorrelation shows the relationship between Canadian Tire pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canadian Tire.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Canadian Pink Sheet
Canadian Tire financial ratios help investors to determine whether Canadian Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canadian with respect to the benefits of owning Canadian Tire security.