Great Wes 515 Preferred Stock Market Value
| GWO-PQ Preferred Stock | CAD 21.32 0.09 0.42% |
| Symbol | Great |
Great Wes '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 Great Wes' 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 Great Wes.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Great Wes on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Great Wes 515 or generate 0.0% return on investment in Great Wes over 30 days. Great Wes is related to or competes with Manulife Financial, Great West, and Great West. Great-West Lifeco Inc., a financial services holding company, engages in life and health insurance, asset management, in... More
Great Wes 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 Great Wes' 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 Great Wes 515 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6988 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.8137 |
Great Wes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Wes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Wes' standard deviation. In reality, there are many statistical measures that can use Great Wes historical prices to predict the future Great Wes' volatility.| Risk Adjusted Performance | 0.0034 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.0393 |
Great Wes 515 Backtested Returns
Great Wes 515 holds Efficiency (Sharpe) Ratio of -0.0147, which attests that the entity had a -0.0147% return per unit of risk over the last 3 months. Great Wes 515 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great Wes' Downside Deviation of 0.6988, risk adjusted performance of 0.0034, and Market Risk Adjusted Performance of 0.0493 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Great Wes are expected to decrease at a much lower rate. During the bear market, Great Wes is likely to outperform the market. At this point, Great Wes 515 has a negative expected return of -0.0086%. Please make sure to check out Great Wes' coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Great Wes 515 performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Great Wes 515 has very good reverse predictability. Overlapping area represents the amount of predictability between Great Wes time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Great Wes 515 price movement. The serial correlation of -0.7 indicates that around 70.0% of current Great Wes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Great Wes 515 lagged returns against current returns
Autocorrelation, which is Great Wes 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 Great Wes' preferred stock expected returns. We can calculate the autocorrelation of Great Wes returns to help us make a trade decision. For example, suppose you find that Great Wes 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 |
Great Wes 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 Great Wes preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Wes preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Wes preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Great Wes Lagged Returns
When evaluating Great Wes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Wes preferred stock have on its future price. Great Wes 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, Great Wes autocorrelation shows the relationship between Great Wes preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Great Wes 515.
Regressed Prices |
| Timeline |
Pair Trading with Great Wes
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 Great Wes 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 Great Wes will appreciate offsetting losses from the drop in the long position's value.Moving against Great Preferred Stock
| 0.81 | JPM | JPMorgan Chase | PairCorr |
| 0.6 | AMZN | Amazon CDR | PairCorr |
| 0.55 | BN | Brookfield | PairCorr |
| 0.53 | WMT | Walmart Inc CDR | PairCorr |
| 0.49 | COST | Costco Wholesale Corp | PairCorr |
The ability to find closely correlated positions to Great Wes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Wes 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 Great Wes - 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 Great Wes 515 to buy it.
The correlation of Great Wes 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 Great Wes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Wes 515 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 Great Wes 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 Great Preferred Stock
Great Wes financial ratios help investors to determine whether Great 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 Great with respect to the benefits of owning Great Wes security.