Morguard Real Estate Stock Market Value
| MRT-UN Stock | CAD 5.51 0.04 0.72% |
| Symbol | Morguard |
Morguard Real Estate Price To Book Ratio
Morguard 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 Morguard 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 Morguard Real.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Morguard Real on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Morguard Real Estate or generate 0.0% return on investment in Morguard Real over 30 days. Morguard Real is related to or competes with Berkshire Hathaway, Microsoft Corp, Apple, Alphabet, Amazon CDR, Meta Platforms, and Exxon. The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 47 retail, office and indu... More
Morguard 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 Morguard 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 Morguard Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.03 |
Morguard Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morguard Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morguard Real's standard deviation. In reality, there are many statistical measures that can use Morguard Real historical prices to predict the future Morguard Real's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.0888 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Morguard 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.
Morguard Real Estate Backtested Returns
At this point, Morguard Real is somewhat reliable. Morguard Real Estate has Sharpe Ratio of 0.0505, which conveys that the firm had a 0.0505% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Morguard Real, which you can use to evaluate the volatility of the firm. Please verify Morguard Real's Mean Deviation of 0.9066, downside deviation of 1.4, and Risk Adjusted Performance of 0.0522 to check out if the risk estimate we provide is consistent with the expected return of 0.063%. Morguard Real has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Morguard Real are expected to decrease at a much lower rate. During the bear market, Morguard Real is likely to outperform the market. Morguard Real Estate right now secures a risk of 1.25%. Please verify Morguard Real Estate semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Morguard Real Estate will be following its current price movements.
Auto-correlation | -0.33 |
Poor reverse predictability
Morguard Real Estate has poor reverse predictability. Overlapping area represents the amount of predictability between Morguard Real 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 Real Estate price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Morguard Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Morguard Real Estate lagged returns against current returns
Autocorrelation, which is Morguard 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 Morguard Real's stock expected returns. We can calculate the autocorrelation of Morguard Real returns to help us make a trade decision. For example, suppose you find that Morguard 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 |
Morguard 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 Morguard Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morguard Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morguard Real stock over time.
Current vs Lagged Prices |
| Timeline |
Morguard Real Lagged Returns
When evaluating Morguard Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morguard Real stock have on its future price. Morguard 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, Morguard Real autocorrelation shows the relationship between Morguard Real stock current value and its past values and can show if there is a momentum factor associated with investing in Morguard Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Morguard 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 Morguard 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 Morguard Real will appreciate offsetting losses from the drop in the long position's value.Moving against Morguard Stock
The ability to find closely correlated positions to Morguard 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 Morguard 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 Morguard 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 Morguard Real Estate to buy it.
The correlation of Morguard 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 Morguard Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard 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 Morguard 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 Morguard Stock
Morguard Real 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 Real security.