Canadian Net Real Stock Market Value
| NET-UN Stock | 5.33 0.05 0.95% |
| Symbol | Canadian |
Canadian Net Real Price To Book Ratio
Canadian Net '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 Net'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 Net.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Canadian Net on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Canadian Net Real or generate 0.0% return on investment in Canadian Net over 720 days. Canadian Net is related to or competes with SmartCentres Real, Dream Industrial, RioCan Real, and Algonquin Power. Canadian Net is entity of Canada. It is traded as Stock on V exchange. More
Canadian Net 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 Net'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 Net Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.85 |
Canadian Net Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Net's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Net's standard deviation. In reality, there are many statistical measures that can use Canadian Net historical prices to predict the future Canadian Net's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian Net'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.
Canadian Net Real Backtested Returns
Canadian Net Real secures Sharpe Ratio (or Efficiency) of -0.0197, which signifies that the company had a -0.0197% return per unit of risk over the last 3 months. Canadian Net Real exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Net's Risk Adjusted Performance of (0.05), standard deviation of 1.05, and Mean Deviation of 0.7495 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian Net's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Net is expected to be smaller as well. At this point, Canadian Net Real has a negative expected return of -0.021%. Please make sure to confirm Canadian Net's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Canadian Net Real performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Canadian Net Real has very good reverse predictability. Overlapping area represents the amount of predictability between Canadian Net time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Net Real price movement. The serial correlation of -0.7 indicates that around 70.0% of current Canadian Net price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Canadian Net Real lagged returns against current returns
Autocorrelation, which is Canadian Net 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 Net's stock expected returns. We can calculate the autocorrelation of Canadian Net returns to help us make a trade decision. For example, suppose you find that Canadian Net 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 Net 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 Net stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Net stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Net stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian Net Lagged Returns
When evaluating Canadian Net's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Net stock have on its future price. Canadian Net 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 Net autocorrelation shows the relationship between Canadian Net stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Net Real.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Canadian Stock
Canadian Net 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 Net security.