Morguard Stock Market Value
| MRC Stock | CAD 116.00 0.75 0.64% |
| Symbol | Morguard |
Morguard Price To Book Ratio
Morguard '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 Morguard'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 Morguard.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Morguard on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Morguard or generate 0.0% return on investment in Morguard over 30 days. Morguard is related to or competes with Morguard Real, Mainstreet Equity, Morguard North, Melcor Developments, and FirstService Corp. Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate prop... More
Morguard 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 Morguard'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 Morguard upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.99 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 3.36 |
Morguard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morguard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morguard's standard deviation. In reality, there are many statistical measures that can use Morguard historical prices to predict the future Morguard's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.0723 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.34 |
Morguard Backtested Returns
As of now, Morguard Stock is very steady. Morguard has Sharpe Ratio of 0.0448, which conveys that the firm had a 0.0448% return per unit of risk over the last 3 months. We have found thirty technical indicators for Morguard, which you can use to evaluate the volatility of the firm. Please verify Morguard's Risk Adjusted Performance of 0.0421, mean deviation of 1.25, and Downside Deviation of 2.17 to check out if the risk estimate we provide is consistent with the expected return of 0.087%. Morguard has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0595, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Morguard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Morguard is expected to be smaller as well. Morguard right now secures a risk of 1.94%. Please verify Morguard expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Morguard will be following its current price movements.
Auto-correlation | 0.44 |
Average predictability
Morguard has average predictability. Overlapping area represents the amount of predictability between Morguard time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Morguard price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Morguard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
Morguard lagged returns against current returns
Autocorrelation, which is Morguard 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 Morguard's stock expected returns. We can calculate the autocorrelation of Morguard returns to help us make a trade decision. For example, suppose you find that Morguard 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 |
Morguard 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 Morguard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morguard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morguard stock over time.
Current vs Lagged Prices |
| Timeline |
Morguard Lagged Returns
When evaluating Morguard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morguard stock have on its future price. Morguard 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, Morguard autocorrelation shows the relationship between Morguard stock current value and its past values and can show if there is a momentum factor associated with investing in Morguard.
Regressed Prices |
| Timeline |
Pair Trading with Morguard
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 Morguard 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 Morguard will appreciate offsetting losses from the drop in the long position's value.Moving together with Morguard Stock
The ability to find closely correlated positions to Morguard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard 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 Morguard - 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 Morguard to buy it.
The correlation of Morguard 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 Morguard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard 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 Morguard 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 Morguard Stock
Morguard financial ratios help investors to determine whether Morguard 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 Morguard with respect to the benefits of owning Morguard security.