Guru Organic Energy Stock Market Value
| GURU Stock | CAD 1.57 0.03 1.88% |
| Symbol | Guru |
Guru Organic Energy Price To Book Ratio
Guru Organic '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 Guru Organic'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 Guru Organic.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Guru Organic on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Guru Organic Energy or generate 0.0% return on investment in Guru Organic over 720 days. Guru Organic is related to or competes with Haivision Systems, Lion Electric, and BRP. GURU Organic Energy Corp., a beverage company, provides plant-based energy drinks More
Guru Organic 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 Guru Organic'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 Guru Organic Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 2.65 |
Guru Organic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guru Organic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guru Organic's standard deviation. In reality, there are many statistical measures that can use Guru Organic historical prices to predict the future Guru Organic's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.56) |
Guru Organic Energy Backtested Returns
Guru Organic Energy holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Guru Organic Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guru Organic's Risk Adjusted Performance of (0.07), market risk adjusted performance of (0.55), and Standard Deviation of 2.2 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guru Organic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guru Organic is expected to be smaller as well. At this point, Guru Organic Energy has a negative expected return of -0.24%. Please make sure to check out Guru Organic's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Guru Organic Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Guru Organic Energy has good predictability. Overlapping area represents the amount of predictability between Guru Organic time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Guru Organic Energy price movement. The serial correlation of 0.69 indicates that around 69.0% of current Guru Organic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Guru Organic Energy lagged returns against current returns
Autocorrelation, which is Guru Organic 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 Guru Organic's stock expected returns. We can calculate the autocorrelation of Guru Organic returns to help us make a trade decision. For example, suppose you find that Guru Organic 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 |
Guru Organic 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 Guru Organic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guru Organic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guru Organic stock over time.
Current vs Lagged Prices |
| Timeline |
Guru Organic Lagged Returns
When evaluating Guru Organic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guru Organic stock have on its future price. Guru Organic 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, Guru Organic autocorrelation shows the relationship between Guru Organic stock current value and its past values and can show if there is a momentum factor associated with investing in Guru Organic Energy.
Regressed Prices |
| Timeline |
Pair Trading with Guru Organic
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 Guru Organic 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 Guru Organic will appreciate offsetting losses from the drop in the long position's value.Moving against Guru Stock
| 0.82 | RY-PJ | Royal Bank | PairCorr |
| 0.81 | BOFA | Bank of America | PairCorr |
| 0.8 | RY-PM | Royal Bank | PairCorr |
| 0.79 | RY-PS | Royal Bank | PairCorr |
| 0.79 | TD-PFI | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Guru Organic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guru Organic 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 Guru Organic - 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 Guru Organic Energy to buy it.
The correlation of Guru Organic 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 Guru Organic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guru Organic Energy 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 Guru Organic 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 Guru Stock
Guru Organic financial ratios help investors to determine whether Guru 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 Guru with respect to the benefits of owning Guru Organic security.