Altagas Cum Red Preferred Stock Market Value
| ALA-PA Preferred Stock | CAD 19.25 0.06 0.31% |
| Symbol | Altagas |
Altagas Cum '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 Altagas Cum's preferred 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 Altagas Cum.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Altagas Cum on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Altagas Cum Red or generate 0.0% return on investment in Altagas Cum over 30 days. Altagas Cum is related to or competes with EverGen Infrastructure, NexGen Energy, Secure Energy, Exco Technologies, Emera, Celestica, and WonderFi Technologies. More
Altagas Cum 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 Altagas Cum's preferred 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 Altagas Cum Red upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7548 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.15 |
Altagas Cum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altagas Cum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altagas Cum's standard deviation. In reality, there are many statistical measures that can use Altagas Cum historical prices to predict the future Altagas Cum's volatility.| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0709 |
Altagas Cum Red Backtested Returns
At this point, Altagas Cum is very steady. Altagas Cum Red secures Sharpe Ratio (or Efficiency) of 0.0139, which signifies that the company had a 0.0139% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Altagas Cum Red, which you can use to evaluate the volatility of the firm. Please confirm Altagas Cum's Mean Deviation of 0.505, downside deviation of 0.7548, and Risk Adjusted Performance of 9.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.01%. Altagas Cum has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altagas Cum are expected to decrease at a much lower rate. During the bear market, Altagas Cum is likely to outperform the market. Altagas Cum Red right now shows a risk of 0.71%. Please confirm Altagas Cum Red sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Altagas Cum Red will be following its price patterns.
Auto-correlation | 0.22 |
Weak predictability
Altagas Cum Red has weak predictability. Overlapping area represents the amount of predictability between Altagas Cum time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Altagas Cum Red price movement. The serial correlation of 0.22 indicates that over 22.0% of current Altagas Cum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Altagas Cum Red lagged returns against current returns
Autocorrelation, which is Altagas Cum preferred 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 Altagas Cum's preferred stock expected returns. We can calculate the autocorrelation of Altagas Cum returns to help us make a trade decision. For example, suppose you find that Altagas Cum has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Altagas Cum 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 Altagas Cum preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altagas Cum preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altagas Cum preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Altagas Cum Lagged Returns
When evaluating Altagas Cum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altagas Cum preferred stock have on its future price. Altagas Cum 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, Altagas Cum autocorrelation shows the relationship between Altagas Cum preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Altagas Cum Red.
Regressed Prices |
| Timeline |
Pair Trading with Altagas Cum
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 Altagas Cum 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 Altagas Cum will appreciate offsetting losses from the drop in the long position's value.Moving against Altagas Preferred Stock
| 0.64 | PUR | Premier American Uranium | PairCorr |
| 0.61 | QTWO | Q2 Metals Corp | PairCorr |
| 0.6 | MFC | Manulife Financial Corp | PairCorr |
| 0.6 | CM | Canadian Imperial Bank | PairCorr |
| 0.6 | OR | Osisko Gold Ro | PairCorr |
The ability to find closely correlated positions to Altagas Cum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altagas Cum 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 Altagas Cum - 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 Altagas Cum Red to buy it.
The correlation of Altagas Cum 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 Altagas Cum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altagas Cum Red 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 Altagas Cum 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 Altagas Preferred Stock
Altagas Cum financial ratios help investors to determine whether Altagas Preferred 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 Altagas with respect to the benefits of owning Altagas Cum security.