European Residential Real Stock Market Value
| ERE-UN Stock | CAD 3.67 0.06 1.66% |
| Symbol | European |
European Residential Real Price To Book Ratio
European Residential '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 European Residential'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 European Residential.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in European Residential on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding European Residential Real or generate 0.0% return on investment in European Residential over 30 days. European Residential is related to or competes with BSR Real, Minto Apartment, Nexus Real, Morguard North, and Killam Apartment. ERES is an unincorporated, open-ended real estate investment trust More
European Residential 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 European Residential'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 European Residential Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.1694 | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 3.95 |
European Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for European Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as European Residential's standard deviation. In reality, there are many statistical measures that can use European Residential historical prices to predict the future European Residential's volatility.| Risk Adjusted Performance | 0.1695 | |||
| Jensen Alpha | 0.5431 | |||
| Total Risk Alpha | 0.1971 | |||
| Sortino Ratio | 0.3125 | |||
| Treynor Ratio | (2.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of European Residential'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.
European Residential Real Backtested Returns
European Residential appears to be moderately volatile, given 3 months investment horizon. European Residential Real secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. By reviewing European Residential's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize European Residential's Coefficient Of Variation of 469.11, downside deviation of 1.36, and Mean Deviation of 1.45 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, European Residential holds a performance score of 15. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning European Residential are expected to decrease at a much lower rate. During the bear market, European Residential is likely to outperform the market. Please check European Residential's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether European Residential's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
European Residential Real has good predictability. Overlapping area represents the amount of predictability between European Residential time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 European Residential Real price movement. The serial correlation of 0.67 indicates that around 67.0% of current European Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
European Residential Real lagged returns against current returns
Autocorrelation, which is European Residential 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 European Residential's stock expected returns. We can calculate the autocorrelation of European Residential returns to help us make a trade decision. For example, suppose you find that European Residential 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 |
European Residential 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 European Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if European Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in European Residential stock over time.
Current vs Lagged Prices |
| Timeline |
European Residential Lagged Returns
When evaluating European Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of European Residential stock have on its future price. European Residential 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, European Residential autocorrelation shows the relationship between European Residential stock current value and its past values and can show if there is a momentum factor associated with investing in European Residential Real.
Regressed Prices |
| Timeline |
Pair Trading with European Residential
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 European Residential 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 European Residential will appreciate offsetting losses from the drop in the long position's value.Moving against European Stock
The ability to find closely correlated positions to European Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace European Residential 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 European Residential - 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 European Residential Real to buy it.
The correlation of European Residential 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 European Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if European Residential 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 European Residential 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 European Stock
European Residential financial ratios help investors to determine whether European 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 European with respect to the benefits of owning European Residential security.