Smart Reit Stock Market Value
| CWYUF Stock | USD 17.24 0.39 2.31% |
| Symbol | Smart |
Smart REIT '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 Smart REIT's pink sheet 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 Smart REIT.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Smart REIT on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Smart REIT or generate 0.0% return on investment in Smart REIT over 150 days. Smart REIT is related to or competes with Firm Capital, Slate Grocery, Phillips Edison, Choice Properties, Simon Property, Riocan REIT, and Plaza Retail. SmartCentres Real Estate Investment Trust is one of Canadas largest fully integrated REITs, with a best-in-class portfol... More
Smart REIT 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 Smart REIT's pink sheet 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 Smart REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.91 |
Smart REIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart REIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smart REIT's standard deviation. In reality, there are many statistical measures that can use Smart REIT historical prices to predict the future Smart REIT's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smart REIT'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.
Smart REIT Backtested Returns
Smart REIT owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0484, which indicates the firm had a -0.0484 % return per unit of risk over the last 3 months. Smart REIT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smart REIT's Risk Adjusted Performance of (0.08), coefficient of variation of (1,029), and Variance of 1.25 to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Smart REIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smart REIT is expected to be smaller as well. At this point, Smart REIT has a negative expected return of -0.0538%. Please make sure to validate Smart REIT's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Smart REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Smart REIT has modest predictability. Overlapping area represents the amount of predictability between Smart REIT time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Smart REIT price movement. The serial correlation of 0.52 indicates that about 52.0% of current Smart REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Smart REIT lagged returns against current returns
Autocorrelation, which is Smart REIT pink sheet'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 Smart REIT's pink sheet expected returns. We can calculate the autocorrelation of Smart REIT returns to help us make a trade decision. For example, suppose you find that Smart REIT has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Smart REIT 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 Smart REIT pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smart REIT pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smart REIT pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Smart REIT Lagged Returns
When evaluating Smart REIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smart REIT pink sheet have on its future price. Smart REIT 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, Smart REIT autocorrelation shows the relationship between Smart REIT pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smart REIT.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Smart Pink Sheet
Smart REIT financial ratios help investors to determine whether Smart Pink Sheet 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 Smart with respect to the benefits of owning Smart REIT security.