Agf Management Limited Stock Market Value
| AGF-B Stock | CAD 11.25 0.51 4.75% |
| Symbol | AGF |
AGF Management Price To Book Ratio
AGF Management '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 AGF Management'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 AGF Management.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in AGF Management on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding AGF Management Limited or generate 0.0% return on investment in AGF Management over 510 days. AGF Management is related to or competes with NVIDIA CDR, Apple, Microsoft Corp, Amazon CDR, Meta Platforms, Tesla, and Alphabet. AGF Management Limited is a publicly owned asset management holding company More
AGF Management 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 AGF Management'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 AGF Management Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.2223 | |||
| Maximum Drawdown | 10.72 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.66 |
AGF Management Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AGF Management's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AGF Management's standard deviation. In reality, there are many statistical measures that can use AGF Management historical prices to predict the future AGF Management's volatility.| Risk Adjusted Performance | 0.2251 | |||
| Jensen Alpha | 0.5058 | |||
| Total Risk Alpha | 0.253 | |||
| Sortino Ratio | 0.2727 | |||
| Treynor Ratio | 1.15 |
AGF Management Backtested Returns
AGF Management appears to be not too volatile, given 3 months investment horizon. AGF Management secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. By evaluating AGF Management's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of AGF Management's Risk Adjusted Performance of 0.2251, downside deviation of 1.63, and Mean Deviation of 1.5 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AGF Management holds a performance score of 23. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AGF Management's returns are expected to increase less than the market. However, during the bear market, the loss of holding AGF Management is expected to be smaller as well. Please check AGF Management's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether AGF Management's price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
AGF Management Limited has modest predictability. Overlapping area represents the amount of predictability between AGF Management time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 AGF Management price movement. The serial correlation of 0.53 indicates that about 53.0% of current AGF Management price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
AGF Management lagged returns against current returns
Autocorrelation, which is AGF Management 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 AGF Management's stock expected returns. We can calculate the autocorrelation of AGF Management returns to help us make a trade decision. For example, suppose you find that AGF Management 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 |
AGF Management 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 AGF Management stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AGF Management stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AGF Management stock over time.
Current vs Lagged Prices |
| Timeline |
AGF Management Lagged Returns
When evaluating AGF Management's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AGF Management stock have on its future price. AGF Management 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, AGF Management autocorrelation shows the relationship between AGF Management stock current value and its past values and can show if there is a momentum factor associated with investing in AGF Management Limited.
Regressed Prices |
| Timeline |
Pair Trading with AGF Management
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 AGF Management 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 AGF Management will appreciate offsetting losses from the drop in the long position's value.Moving together with AGF Stock
Moving against AGF Stock
The ability to find closely correlated positions to AGF Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGF Management 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 AGF Management - 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 AGF Management Limited to buy it.
The correlation of AGF Management 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 AGF Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGF Management 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 AGF Management 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.Additional Tools for AGF Stock Analysis
When running AGF Management's price analysis, check to measure AGF Management'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 AGF Management is operating at the current time. Most of AGF Management's value examination focuses on studying past and present price action to predict the probability of AGF Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AGF Management's price. Additionally, you may evaluate how the addition of AGF Management to your portfolios can decrease your overall portfolio volatility.