Interrent Real Estate Stock Market Value
| IIP-UN Stock | CAD 10.70 0.10 0.93% |
| Symbol | InterRent |
InterRent Real Estate Price To Book Ratio
InterRent Real '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 InterRent Real'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 InterRent Real.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in InterRent Real on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding InterRent Real Estate or generate 0.0% return on investment in InterRent Real over 30 days. InterRent Real is related to or competes with Killam Apartment, Canadian Apartment, Granite Real, Boardwalk Real, and Allied Properties. InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a g... More
InterRent Real 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 InterRent Real'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 InterRent Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.26 |
InterRent Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InterRent Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InterRent Real's standard deviation. In reality, there are many statistical measures that can use InterRent Real historical prices to predict the future InterRent Real's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.6243 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of InterRent Real'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.
InterRent Real Estate Backtested Returns
InterRent Real Estate holds Efficiency (Sharpe) Ratio of -0.22, which attests that the entity had a -0.22% return per unit of risk over the last 3 months. InterRent Real Estate exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InterRent Real's Market Risk Adjusted Performance of 0.6343, risk adjusted performance of (0.10), and Standard Deviation of 1.33 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning InterRent Real are expected to decrease at a much lower rate. During the bear market, InterRent Real is likely to outperform the market. At this point, InterRent Real Estate has a negative expected return of -0.28%. Please make sure to check out InterRent Real's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if InterRent Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
InterRent Real Estate has below average predictability. Overlapping area represents the amount of predictability between InterRent Real time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 InterRent Real Estate price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current InterRent Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
InterRent Real Estate lagged returns against current returns
Autocorrelation, which is InterRent Real 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 InterRent Real's stock expected returns. We can calculate the autocorrelation of InterRent Real returns to help us make a trade decision. For example, suppose you find that InterRent Real 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 |
InterRent Real 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 InterRent Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InterRent Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InterRent Real stock over time.
Current vs Lagged Prices |
| Timeline |
InterRent Real Lagged Returns
When evaluating InterRent Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InterRent Real stock have on its future price. InterRent Real 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, InterRent Real autocorrelation shows the relationship between InterRent Real stock current value and its past values and can show if there is a momentum factor associated with investing in InterRent Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with InterRent Real
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 InterRent Real 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 InterRent Real will appreciate offsetting losses from the drop in the long position's value.Moving together with InterRent Stock
Moving against InterRent Stock
| 0.93 | LQWD | LQwD FinTech Corp | PairCorr |
| 0.74 | ERC | Eros Resources Corp | PairCorr |
| 0.67 | MATE | Blockmate Ventures Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to InterRent Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InterRent Real 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 InterRent Real - 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 InterRent Real Estate to buy it.
The correlation of InterRent Real 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 InterRent Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InterRent Real Estate 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 InterRent Real 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 InterRent Stock
InterRent Real financial ratios help investors to determine whether InterRent 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 InterRent with respect to the benefits of owning InterRent Real security.