Income Financial Trust Stock Market Value
| INC-UN Stock | CAD 8.90 0.09 1.00% |
| Symbol | Income |
Income Financial Trust Price To Book Ratio
Income Financial '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 Income Financial'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 Income Financial.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Income Financial on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Income Financial Trust or generate 0.0% return on investment in Income Financial over 30 days. Income Financial is related to or competes with Dividend Select, Global Dividend, Brompton Split, Real Estate, and Life Banc. Income Financial Trust is an open-ended equity mutual fund launched by Quadravest Inc More
Income Financial 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 Income Financial'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 Income Financial Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.0377 | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.39 |
Income Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Income Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Income Financial's standard deviation. In reality, there are many statistical measures that can use Income Financial historical prices to predict the future Income Financial's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.0498 | |||
| Total Risk Alpha | 0.0483 | |||
| Sortino Ratio | 0.042 | |||
| Treynor Ratio | 0.1236 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Income Financial'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.
Income Financial Trust Backtested Returns
At this point, Income Financial is not too volatile. Income Financial Trust holds Efficiency (Sharpe) Ratio of 0.0493, which attests that the entity had a 0.0493 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Income Financial Trust, which you can use to evaluate the volatility of the firm. Please check out Income Financial's Risk Adjusted Performance of 0.0373, market risk adjusted performance of 0.1336, and Downside Deviation of 1.17 to validate if the risk estimate we provide is consistent with the expected return of 0.066%. Income Financial has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Income Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Income Financial is expected to be smaller as well. Income Financial Trust right now retains a risk of 1.34%. Please check out Income Financial treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Income Financial will be following its current trending patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Income Financial Trust has virtually no predictability. Overlapping area represents the amount of predictability between Income Financial time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Income Financial Trust price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Income Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Income Financial Trust lagged returns against current returns
Autocorrelation, which is Income Financial 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 Income Financial's stock expected returns. We can calculate the autocorrelation of Income Financial returns to help us make a trade decision. For example, suppose you find that Income Financial 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 |
Income Financial 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 Income Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Income Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Income Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Income Financial Lagged Returns
When evaluating Income Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Income Financial stock have on its future price. Income Financial 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, Income Financial autocorrelation shows the relationship between Income Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Income Financial Trust.
Regressed Prices |
| Timeline |
Pair Trading with Income Financial
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 Income Financial 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 Income Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Income Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Income Financial 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 Income Financial - 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 Income Financial Trust to buy it.
The correlation of Income Financial 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 Income Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Income Financial Trust 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 Income Financial 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 Income Stock
Income Financial financial ratios help investors to determine whether Income 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 Income with respect to the benefits of owning Income Financial security.