Melcor Real Estate Stock Market Value
| MR-UN Stock | CAD 5.30 0.45 9.28% |
| Symbol | Melcor |
Melcor Real Estate Price To Book Ratio
Melcor 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 Melcor 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 Melcor Real.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Melcor Real on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Melcor Real Estate or generate 0.0% return on investment in Melcor Real over 510 days. Melcor Real is related to or competes with Morguard Real, Pro Real, Slate Office, Inovalis Real, and Automotive Properties. Melcor REIT is an unincorporated, open-ended real estate investment trust More
Melcor 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 Melcor 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 Melcor Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.1563 | |||
| Maximum Drawdown | 43.95 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 5.33 |
Melcor Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melcor Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melcor Real's standard deviation. In reality, there are many statistical measures that can use Melcor Real historical prices to predict the future Melcor Real's volatility.| Risk Adjusted Performance | 0.146 | |||
| Jensen Alpha | 0.9194 | |||
| Total Risk Alpha | 0.1248 | |||
| Sortino Ratio | 0.7542 | |||
| Treynor Ratio | 2.05 |
Melcor Real Estate Backtested Returns
Melcor Real is unstable given 3 months investment horizon. Melcor Real Estate has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Melcor Real Estate Risk Adjusted Performance of 0.146, mean deviation of 2.01, and Coefficient Of Variation of 556.17 to evaluate company specific risk that cannot be diversified away. Melcor Real holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melcor Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Melcor Real is expected to be smaller as well. Use Melcor Real Estate expected short fall, and the relationship between the maximum drawdown and rate of daily change , to analyze future returns on Melcor Real Estate.
Auto-correlation | -0.27 |
Weak reverse predictability
Melcor Real Estate has weak reverse predictability. Overlapping area represents the amount of predictability between Melcor Real time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Melcor Real Estate price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Melcor Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Melcor Real Estate lagged returns against current returns
Autocorrelation, which is Melcor 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 Melcor Real's stock expected returns. We can calculate the autocorrelation of Melcor Real returns to help us make a trade decision. For example, suppose you find that Melcor 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 |
Melcor 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 Melcor Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melcor Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melcor Real stock over time.
Current vs Lagged Prices |
| Timeline |
Melcor Real Lagged Returns
When evaluating Melcor Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melcor Real stock have on its future price. Melcor 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, Melcor Real autocorrelation shows the relationship between Melcor Real stock current value and its past values and can show if there is a momentum factor associated with investing in Melcor Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Melcor 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 Melcor 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 Melcor Real will appreciate offsetting losses from the drop in the long position's value.Moving against Melcor Stock
The ability to find closely correlated positions to Melcor 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 Melcor 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 Melcor 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 Melcor Real Estate to buy it.
The correlation of Melcor 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 Melcor Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melcor 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 Melcor 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.Additional Tools for Melcor Stock Analysis
When running Melcor Real's price analysis, check to measure Melcor Real's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Melcor Real is operating at the current time. Most of Melcor Real's value examination focuses on studying past and present price action to predict the probability of Melcor Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melcor Real's price. Additionally, you may evaluate how the addition of Melcor Real to your portfolios can decrease your overall portfolio volatility.