Dividend Select 15 Stock Market Value
| DS Stock | CAD 6.89 0.03 0.44% |
| Symbol | Dividend |
Dividend Select 15 Price To Book Ratio
Dividend Select '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 Dividend Select'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 Dividend Select.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dividend Select on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dividend Select 15 or generate 0.0% return on investment in Dividend Select over 30 days. Dividend Select is related to or competes with Orca Energy, Rogers Communications, Aclara Resources, Buhler Industries, and CCL Industries. Dividend Select 15 Corp. is a closed ended equity mutual fund launched and managed by Quadravest Capital Management Inc More
Dividend Select 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 Dividend Select'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 Dividend Select 15 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8369 | |||
| Information Ratio | 0.0675 | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.32 |
Dividend Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dividend Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dividend Select's standard deviation. In reality, there are many statistical measures that can use Dividend Select historical prices to predict the future Dividend Select's volatility.| Risk Adjusted Performance | 0.1822 | |||
| Jensen Alpha | 0.15 | |||
| Total Risk Alpha | 0.0544 | |||
| Sortino Ratio | 0.0592 | |||
| Treynor Ratio | 1.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dividend Select'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.
Dividend Select 15 Backtested Returns
As of now, Dividend Stock is very steady. Dividend Select 15 secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dividend Select 15, which you can use to evaluate the volatility of the firm. Please confirm Dividend Select's Mean Deviation of 0.5603, coefficient of variation of 419.5, and Downside Deviation of 0.8369 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Dividend Select has a performance score of 16 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Dividend Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dividend Select is expected to be smaller as well. Dividend Select 15 right now shows a risk of 0.75%. Please confirm Dividend Select 15 potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Dividend Select 15 will be following its price patterns.
Auto-correlation | 0.78 |
Good predictability
Dividend Select 15 has good predictability. Overlapping area represents the amount of predictability between Dividend Select time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Dividend Select 15 price movement. The serial correlation of 0.78 indicates that around 78.0% of current Dividend Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dividend Select 15 lagged returns against current returns
Autocorrelation, which is Dividend Select 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 Dividend Select's stock expected returns. We can calculate the autocorrelation of Dividend Select returns to help us make a trade decision. For example, suppose you find that Dividend Select 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 |
Dividend Select 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 Dividend Select stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dividend Select stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dividend Select stock over time.
Current vs Lagged Prices |
| Timeline |
Dividend Select Lagged Returns
When evaluating Dividend Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dividend Select stock have on its future price. Dividend Select 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, Dividend Select autocorrelation shows the relationship between Dividend Select stock current value and its past values and can show if there is a momentum factor associated with investing in Dividend Select 15.
Regressed Prices |
| Timeline |
Pair Trading with Dividend Select
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 Dividend Select 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 Dividend Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Dividend Stock
| 0.7 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.9 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.71 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.72 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Dividend Stock
| 0.36 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Dividend Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dividend Select 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 Dividend Select - 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 Dividend Select 15 to buy it.
The correlation of Dividend Select 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 Dividend Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dividend Select 15 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 Dividend Select 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 Dividend Stock
Dividend Select financial ratios help investors to determine whether Dividend 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 Dividend with respect to the benefits of owning Dividend Select security.