Canadian Apartment Properties Stock Price on October 31, 2023
CAR-UN Stock | CAD 46.11 0.26 0.57% |
If you're considering investing in Canadian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Canadian Apartment stands at 46.11, as last reported on the 3rd of December, with the highest price reaching 46.49 and the lowest price hitting 45.26 during the day. Canadian Apartment secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Canadian Apartment Properties exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Apartment's Mean Deviation of 0.9795, risk adjusted performance of (0.13), and Standard Deviation of 1.22 to double-check the risk estimate we provide.
Canadian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Canadian |
Sharpe Ratio = -0.1769
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Estimated Market Risk
1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
-0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canadian Apartment is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canadian Apartment by adding Canadian Apartment to a well-diversified portfolio.
Canadian Apartment Valuation on October 31, 2023
It is possible to determine the worth of Canadian Apartment on a given historical date. On October 31, 2023 Canadian was worth 40.06 at the beginning of the trading date compared to the closed value of 39.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canadian Apartment stock. Still, in general, we apply an absolute valuation method to find Canadian Apartment's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canadian Apartment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canadian Apartment's related companies.
Open | High | Low | Close | Volume | |
39.76 | 40.36 | 39.57 | 39.78 | 396,000 | |
10/31/2023 | 40.06 | 40.17 | 39.62 | 39.68 | 564,900 |
39.92 | 40.76 | 39.78 | 40.51 | 744,900 |
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Canadian Apartment Trading Date Momentum on October 31, 2023
On November 01 2023 Canadian Apartment Properties was traded for 40.51 at the closing time. The highest price during the trading period was 40.76 and the lowest recorded bid was listed for 39.78 . The volume for the day was 744.9 K. This history from November 1, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 2.09% . The overall trading delta to the current price is 9.05% . |
Canadian Apartment Fundamentals Correlations and Trends
By evaluating Canadian Apartment's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canadian Apartment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canadian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canadian Apartment Stock history
Canadian Apartment investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canadian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canadian Apartment will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canadian Apartment stock prices may prove useful in developing a viable investing in Canadian Apartment
CAPREIT is one of Canadas largest real estate investment trusts. CAPREIT manages approximately 60,900 of its owned suites in Canada and Netherlands, and additionally 3,700 suites in Ireland as at June 30, 2020. CDN APARTMENT operates under REITResidential classification in Canada and is traded on Toronto Stock Exchange. It employs 1003 people.
Canadian Apartment Stock Technical Analysis
Canadian Apartment 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.
Price Boundaries
Canadian Apartment Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Canadian Apartment Properties cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Canadian Apartment December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Canadian Apartment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Apartment shares will generate the highest return on investment. By undertsting and applying Canadian Apartment stock market strength indicators, traders can identify Canadian Apartment Properties entry and exit signals to maximize returns
Canadian Apartment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canadian Apartment's price direction in advance. Along with the technical and fundamental analysis of Canadian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canadian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.13) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | (1.31) |
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Volume Indicators |
Complementary Tools for Canadian Stock analysis
When running Canadian Apartment's price analysis, check to measure Canadian Apartment'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 Canadian Apartment is operating at the current time. Most of Canadian Apartment's value examination focuses on studying past and present price action to predict the probability of Canadian Apartment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Apartment's price. Additionally, you may evaluate how the addition of Canadian Apartment to your portfolios can decrease your overall portfolio volatility.
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