Acadian Timber Corp Stock Market Value
| ADN Stock | CAD 17.65 0.14 0.79% |
| Symbol | Acadian |
Acadian Timber Corp Price To Book Ratio
Acadian Timber '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 Acadian Timber'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 Acadian Timber.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Acadian Timber on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Acadian Timber Corp or generate 0.0% return on investment in Acadian Timber over 30 days. Acadian Timber is related to or competes with Financial, Queens Road, Royal Bank, Laurentian Bank, Canadian Imperial, Broadcom, and Maple Leaf. Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States More
Acadian Timber 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 Acadian Timber'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 Acadian Timber Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8812 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.32 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.52 |
Acadian Timber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acadian Timber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acadian Timber's standard deviation. In reality, there are many statistical measures that can use Acadian Timber historical prices to predict the future Acadian Timber's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.0354 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.13) |
Acadian Timber Corp Backtested Returns
As of now, Acadian Stock is very steady. Acadian Timber Corp secures Sharpe Ratio (or Efficiency) of 0.0359, which signifies that the company had a 0.0359% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Acadian Timber Corp, which you can use to evaluate the volatility of the firm. Please confirm Acadian Timber's risk adjusted performance of 0.0269, and Mean Deviation of 0.6108 to double-check if the risk estimate we provide is consistent with the expected return of 0.0297%. Acadian Timber has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Acadian Timber are expected to decrease at a much lower rate. During the bear market, Acadian Timber is likely to outperform the market. Acadian Timber Corp right now shows a risk of 0.83%. Please confirm Acadian Timber Corp semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to decide if Acadian Timber Corp will be following its price patterns.
Auto-correlation | 0.34 |
Below average predictability
Acadian Timber Corp has below average predictability. Overlapping area represents the amount of predictability between Acadian Timber time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Acadian Timber Corp price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Acadian Timber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Acadian Timber Corp lagged returns against current returns
Autocorrelation, which is Acadian Timber 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 Acadian Timber's stock expected returns. We can calculate the autocorrelation of Acadian Timber returns to help us make a trade decision. For example, suppose you find that Acadian Timber 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 |
Acadian Timber 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 Acadian Timber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acadian Timber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acadian Timber stock over time.
Current vs Lagged Prices |
| Timeline |
Acadian Timber Lagged Returns
When evaluating Acadian Timber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acadian Timber stock have on its future price. Acadian Timber 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, Acadian Timber autocorrelation shows the relationship between Acadian Timber stock current value and its past values and can show if there is a momentum factor associated with investing in Acadian Timber Corp.
Regressed Prices |
| Timeline |
Pair Trading with Acadian Timber
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 Acadian Timber 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 Acadian Timber will appreciate offsetting losses from the drop in the long position's value.Moving together with Acadian Stock
| 0.86 | AG | First Majestic Silver | PairCorr |
| 0.8 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
Moving against Acadian Stock
The ability to find closely correlated positions to Acadian Timber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadian Timber 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 Acadian Timber - 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 Acadian Timber Corp to buy it.
The correlation of Acadian Timber 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 Acadian Timber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acadian Timber Corp 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 Acadian Timber 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.Other Information on Investing in Acadian Stock
Acadian Timber financial ratios help investors to determine whether Acadian Stock 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 Acadian with respect to the benefits of owning Acadian Timber security.