Fairfax Fin Hld Preferred Stock Market Value
| FFH-PC Preferred Stock | CAD 25.10 0.03 0.12% |
| Symbol | Fairfax |
Fairfax Fin '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 Fairfax Fin's 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 Fairfax Fin.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fairfax Fin on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fairfax Fin Hld or generate 0.0% return on investment in Fairfax Fin over 30 days. Fairfax Fin is related to or competes with Income Financial, Reliq Health, IA Financial, UnitedHealth Group, CVS HEALTH, Bird Construction, and Pollard Banknote. Fairfax Financial Holdings Limited, together with its subsidiaries, provides property and casualty insurance and reinsur... More
Fairfax Fin 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 Fairfax Fin's 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 Fairfax Fin Hld upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6454 | |||
| Information Ratio | 0.0883 | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.74 |
Fairfax Fin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fairfax Fin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fairfax Fin's standard deviation. In reality, there are many statistical measures that can use Fairfax Fin historical prices to predict the future Fairfax Fin's volatility.| Risk Adjusted Performance | 0.1731 | |||
| Jensen Alpha | 0.1932 | |||
| Total Risk Alpha | 0.0551 | |||
| Sortino Ratio | 0.1297 | |||
| Treynor Ratio | 2.63 |
Fairfax Fin Hld Backtested Returns
Fairfax Fin appears to be very steady, given 3 months investment horizon. Fairfax Fin Hld secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fairfax Fin Hld, which you can use to evaluate the volatility of the firm. Please utilize Fairfax Fin's Coefficient Of Variation of 446.61, downside deviation of 0.6454, and Mean Deviation of 0.5976 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fairfax Fin holds a performance score of 17. The firm shows a Beta (market volatility) of 0.0768, which means not very significant fluctuations relative to the market. As returns on the market increase, Fairfax Fin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fairfax Fin is expected to be smaller as well. Please check Fairfax Fin's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Fairfax Fin's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Fairfax Fin Hld has very good predictability. Overlapping area represents the amount of predictability between Fairfax Fin time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Fairfax Fin Hld price movement. The serial correlation of 0.8 indicates that around 80.0% of current Fairfax Fin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Fairfax Fin Hld lagged returns against current returns
Autocorrelation, which is Fairfax Fin 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 Fairfax Fin's preferred stock expected returns. We can calculate the autocorrelation of Fairfax Fin returns to help us make a trade decision. For example, suppose you find that Fairfax Fin 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 |
Fairfax Fin 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 Fairfax Fin preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fairfax Fin preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fairfax Fin preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Fairfax Fin Lagged Returns
When evaluating Fairfax Fin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fairfax Fin preferred stock have on its future price. Fairfax Fin 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, Fairfax Fin autocorrelation shows the relationship between Fairfax Fin preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Fairfax Fin Hld.
Regressed Prices |
| Timeline |
Pair Trading with Fairfax Fin
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 Fairfax Fin 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 Fairfax Fin will appreciate offsetting losses from the drop in the long position's value.Moving together with Fairfax Preferred Stock
| 0.68 | IFC | Intact Financial | PairCorr |
| 0.88 | FFH | Fairfax Financial | PairCorr |
| 0.87 | FFH-PE | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Fairfax Fin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax Fin 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 Fairfax Fin - 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 Fairfax Fin Hld to buy it.
The correlation of Fairfax Fin 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 Fairfax Fin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairfax Fin Hld 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 Fairfax Fin 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 Fairfax Preferred Stock
Fairfax Fin financial ratios help investors to determine whether Fairfax 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 Fairfax with respect to the benefits of owning Fairfax Fin security.