Canadian Life Companies Stock Market Value
| LFE Stock | CAD 7.03 0.24 3.30% |
| Symbol | Canadian |
Canadian Life Companies Price To Book Ratio
Canadian Life '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 Canadian Life'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 Canadian Life.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Canadian Life on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Life Companies or generate 0.0% return on investment in Canadian Life over 30 days. Canadian Life is related to or competes with Dividend, Brompton Lifeco, North American, Prime Dividend, and Financial. Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Mana... More
Canadian Life 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 Canadian Life'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 Canadian Life Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.2951 | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.67 |
Canadian Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Life's standard deviation. In reality, there are many statistical measures that can use Canadian Life historical prices to predict the future Canadian Life's volatility.| Risk Adjusted Performance | 0.293 | |||
| Jensen Alpha | 0.5508 | |||
| Total Risk Alpha | 0.3397 | |||
| Sortino Ratio | 0.3312 | |||
| Treynor Ratio | 2.91 |
Canadian Life Companies Backtested Returns
Canadian Life appears to be not too volatile, given 3 months investment horizon. Canadian Life Companies secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. By analyzing Canadian Life's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Canadian Life's Mean Deviation of 1.14, downside deviation of 1.38, and Risk Adjusted Performance of 0.293 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Canadian Life holds a performance score of 23. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Life is expected to be smaller as well. Please check Canadian Life's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Canadian Life's price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Canadian Life Companies has average predictability. Overlapping area represents the amount of predictability between Canadian Life time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Canadian Life Companies price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Canadian Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Canadian Life Companies lagged returns against current returns
Autocorrelation, which is Canadian Life 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 Canadian Life's stock expected returns. We can calculate the autocorrelation of Canadian Life returns to help us make a trade decision. For example, suppose you find that Canadian Life 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 |
Canadian Life 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 Canadian Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Life stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian Life Lagged Returns
When evaluating Canadian Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Life stock have on its future price. Canadian Life 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, Canadian Life autocorrelation shows the relationship between Canadian Life stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Life Companies.
Regressed Prices |
| Timeline |
Pair Trading with Canadian Life
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 Canadian Life 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 Canadian Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.74 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.85 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.76 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.8 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Canadian Stock
| 0.37 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Canadian Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Life 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 Canadian Life - 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 Canadian Life Companies to buy it.
The correlation of Canadian Life 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 Canadian Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Life Companies 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 Canadian Life 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 Canadian Stock
Canadian Life financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian Life security.