Chartwell Retirement Residences Stock Market Value
| CSH-UN Stock | CAD 16.18 0.48 3.06% |
| Symbol | Chartwell |
Chartwell Retirement Price To Book Ratio
Chartwell Retirement '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 Chartwell Retirement'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 Chartwell Retirement.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chartwell Retirement on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Chartwell Retirement Residences or generate 0.0% return on investment in Chartwell Retirement over 90 days. Chartwell Retirement is related to or competes with Sienna Senior, Canadian Apartment, HR Real, Allied Properties, and Boardwalk Real. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seni... More
Chartwell Retirement 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 Chartwell Retirement'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 Chartwell Retirement Residences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8491 | |||
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.08 |
Chartwell Retirement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chartwell Retirement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chartwell Retirement's standard deviation. In reality, there are many statistical measures that can use Chartwell Retirement historical prices to predict the future Chartwell Retirement's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.1614 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0177 | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chartwell Retirement's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chartwell Retirement Backtested Returns
At this point, Chartwell Retirement is very steady. Chartwell Retirement secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chartwell Retirement Residences, which you can use to evaluate the volatility of the firm. Please confirm Chartwell Retirement's risk adjusted performance of 0.1022, and Mean Deviation of 0.8989 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Chartwell Retirement has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chartwell Retirement are expected to decrease at a much lower rate. During the bear market, Chartwell Retirement is likely to outperform the market. Chartwell Retirement right now shows a risk of 1.13%. Please confirm Chartwell Retirement value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Chartwell Retirement will be following its price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Chartwell Retirement Residences has modest reverse predictability. Overlapping area represents the amount of predictability between Chartwell Retirement time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Chartwell Retirement price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Chartwell Retirement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Chartwell Retirement lagged returns against current returns
Autocorrelation, which is Chartwell Retirement 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 Chartwell Retirement's stock expected returns. We can calculate the autocorrelation of Chartwell Retirement returns to help us make a trade decision. For example, suppose you find that Chartwell Retirement 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 |
Chartwell Retirement 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 Chartwell Retirement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chartwell Retirement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chartwell Retirement stock over time.
Current vs Lagged Prices |
| Timeline |
Chartwell Retirement Lagged Returns
When evaluating Chartwell Retirement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chartwell Retirement stock have on its future price. Chartwell Retirement 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, Chartwell Retirement autocorrelation shows the relationship between Chartwell Retirement stock current value and its past values and can show if there is a momentum factor associated with investing in Chartwell Retirement Residences.
Regressed Prices |
| Timeline |
Pair Trading with Chartwell Retirement
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 Chartwell Retirement 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 Chartwell Retirement will appreciate offsetting losses from the drop in the long position's value.Moving together with Chartwell Stock
The ability to find closely correlated positions to Chartwell Retirement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chartwell Retirement 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 Chartwell Retirement - 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 Chartwell Retirement Residences to buy it.
The correlation of Chartwell Retirement 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 Chartwell Retirement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chartwell Retirement 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 Chartwell Retirement 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 Chartwell Stock
Chartwell Retirement financial ratios help investors to determine whether Chartwell 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 Chartwell with respect to the benefits of owning Chartwell Retirement security.