Emera Srs C Preferred Stock Market Value
| EMA-PC Preferred Stock | CAD 23.09 0.19 0.83% |
| Symbol | Emera |
Emera Srs '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 Emera Srs' 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 Emera Srs.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Emera Srs on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Emera Srs C or generate 0.0% return on investment in Emera Srs over 90 days. Emera Srs is related to or competes with Olympia Financial, Canso Credit, North American, NorthWest Healthcare, Laurentian Bank, and Financial. Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, a... More
Emera Srs 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 Emera Srs' 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 Emera Srs C upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8288 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 0.8965 |
Emera Srs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emera Srs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emera Srs' standard deviation. In reality, there are many statistical measures that can use Emera Srs historical prices to predict the future Emera Srs' volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.0329 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.3631 |
Emera Srs C Backtested Returns
At this point, Emera Srs is very steady. Emera Srs C secures Sharpe Ratio (or Efficiency) of 0.0856, which denotes the company had a 0.0856% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emera Srs C, which you can use to evaluate the volatility of the firm. Please confirm Emera Srs' Downside Deviation of 0.8288, mean deviation of 0.4987, and Coefficient Of Variation of 1167.6 to check if the risk estimate we provide is consistent with the expected return of 0.0581%. Emera Srs has a performance score of 6 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, Emera Srs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Emera Srs is expected to be smaller as well. Emera Srs C right now shows a risk of 0.68%. Please confirm Emera Srs C total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Emera Srs C will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
Emera Srs C has modest predictability. Overlapping area represents the amount of predictability between Emera Srs time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Emera Srs C price movement. The serial correlation of 0.53 indicates that about 53.0% of current Emera Srs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Emera Srs C lagged returns against current returns
Autocorrelation, which is Emera Srs 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 Emera Srs' preferred stock expected returns. We can calculate the autocorrelation of Emera Srs returns to help us make a trade decision. For example, suppose you find that Emera Srs 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 |
Emera Srs 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 Emera Srs preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emera Srs preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emera Srs preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Emera Srs Lagged Returns
When evaluating Emera Srs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emera Srs preferred stock have on its future price. Emera Srs 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, Emera Srs autocorrelation shows the relationship between Emera Srs preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Emera Srs C.
Regressed Prices |
| Timeline |
Pair Trading with Emera Srs
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 Emera Srs 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 Emera Srs will appreciate offsetting losses from the drop in the long position's value.Moving against Emera Preferred Stock
The ability to find closely correlated positions to Emera Srs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emera Srs 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 Emera Srs - 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 Emera Srs C to buy it.
The correlation of Emera Srs 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 Emera Srs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Srs C 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 Emera Srs 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 Emera Preferred Stock
Emera Srs financial ratios help investors to determine whether Emera 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 Emera with respect to the benefits of owning Emera Srs security.