Dream Industrial Real Stock Market Value
| DIR-UN Stock | CAD 12.54 0.31 2.41% |
| Symbol | Dream |
Dream Industrial Real Price To Book Ratio
Dream Industrial '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 Dream Industrial'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 Dream Industrial.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dream Industrial on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dream Industrial Real or generate 0.0% return on investment in Dream Industrial over 60 days. Dream Industrial is related to or competes with Berkshire Hathaway, Microsoft Corp, Apple, Alphabet, Amazon CDR, Meta Platforms, and Exxon. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust More
Dream Industrial 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 Dream Industrial'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 Dream Industrial Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.07 |
Dream Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dream Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dream Industrial's standard deviation. In reality, there are many statistical measures that can use Dream Industrial historical prices to predict the future Dream Industrial's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1463 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dream Industrial'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.
Dream Industrial Real Backtested Returns
Dream Industrial Real secures Sharpe Ratio (or Efficiency) of -0.0759, which denotes the company had a -0.0759% return per unit of standard deviation over the last 3 months. Dream Industrial Real exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dream Industrial's Standard Deviation of 1.16, coefficient of variation of (2,762), and Mean Deviation of 0.8706 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dream Industrial are expected to decrease at a much lower rate. During the bear market, Dream Industrial is likely to outperform the market. At this point, Dream Industrial Real has a negative expected return of -0.086%. Please make sure to confirm Dream Industrial's maximum drawdown, and the relationship between the information ratio and accumulation distribution , to decide if Dream Industrial Real performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Dream Industrial Real has good predictability. Overlapping area represents the amount of predictability between Dream Industrial time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Dream Industrial Real price movement. The serial correlation of 0.66 indicates that around 66.0% of current Dream Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Dream Industrial Real lagged returns against current returns
Autocorrelation, which is Dream Industrial 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 Dream Industrial's stock expected returns. We can calculate the autocorrelation of Dream Industrial returns to help us make a trade decision. For example, suppose you find that Dream Industrial 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 |
Dream Industrial 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 Dream Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dream Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dream Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Dream Industrial Lagged Returns
When evaluating Dream Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dream Industrial stock have on its future price. Dream Industrial 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, Dream Industrial autocorrelation shows the relationship between Dream Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Dream Industrial Real.
Regressed Prices |
| Timeline |
Pair Trading with Dream Industrial
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 Dream Industrial 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 Dream Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Dream Stock
Moving against Dream Stock
| 0.8 | LQWD | LQwD FinTech Corp | PairCorr |
| 0.67 | MATE | Blockmate Ventures Earnings Call Tomorrow | PairCorr |
| 0.61 | ERC | Eros Resources Corp | PairCorr |
The ability to find closely correlated positions to Dream Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dream Industrial 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 Dream Industrial - 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 Dream Industrial Real to buy it.
The correlation of Dream Industrial 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 Dream Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dream Industrial Real 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 Dream Industrial 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 Dream Stock
Dream Industrial financial ratios help investors to determine whether Dream 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 Dream with respect to the benefits of owning Dream Industrial security.