Northview Residential Reit Stock Market Value
| NRR-UN Stock | 16.52 0.07 0.43% |
| Symbol | Northview |
Northview Residential '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 Northview Residential'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 Northview Residential.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Northview Residential on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Northview Residential REIT or generate 0.0% return on investment in Northview Residential over 30 days. Northview Residential is related to or competes with Stampede Drilling, Algoma Steel, Maple Leaf, UnitedHealth Group, Jamieson Wellness, and Canlan Ice. Northview Residential is entity of Canada More
Northview Residential 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 Northview Residential'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 Northview Residential REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.25 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 3.16 |
Northview Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northview Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northview Residential's standard deviation. In reality, there are many statistical measures that can use Northview Residential historical prices to predict the future Northview Residential's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northview Residential'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.
Northview Residential Backtested Returns
Northview Residential has Sharpe Ratio of -0.0192, which conveys that the firm had a -0.0192% return per unit of risk over the last 3 months. Northview Residential exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northview Residential's Mean Deviation of 1.33, standard deviation of 1.73, and insignificant Risk Adjusted Performance to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northview Residential's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northview Residential is expected to be smaller as well. At this point, Northview Residential has a negative expected return of -0.0339%. Please make sure to verify Northview Residential's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Northview Residential performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Northview Residential REIT has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Northview Residential time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Northview Residential price movement. The serial correlation of -0.77 indicates that around 77.0% of current Northview Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Northview Residential lagged returns against current returns
Autocorrelation, which is Northview Residential 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 Northview Residential's stock expected returns. We can calculate the autocorrelation of Northview Residential returns to help us make a trade decision. For example, suppose you find that Northview Residential 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 |
Northview Residential 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 Northview Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northview Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northview Residential stock over time.
Current vs Lagged Prices |
| Timeline |
Northview Residential Lagged Returns
When evaluating Northview Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northview Residential stock have on its future price. Northview Residential 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, Northview Residential autocorrelation shows the relationship between Northview Residential stock current value and its past values and can show if there is a momentum factor associated with investing in Northview Residential REIT.
Regressed Prices |
| Timeline |
Pair Trading with Northview Residential
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 Northview Residential 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 Northview Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Northview Stock
| 0.77 | TSLA | Tesla Inc CDR | PairCorr |
| 0.76 | TPX-B | Molson Coors Canada | PairCorr |
| 0.68 | ENS-PA | E Split Corp | PairCorr |
| 0.66 | AMZN | Amazon CDR | PairCorr |
| 0.66 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Northview Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northview Residential 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 Northview Residential - 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 Northview Residential REIT to buy it.
The correlation of Northview Residential 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 Northview Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northview Residential 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 Northview Residential 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 Northview Stock
Northview Residential financial ratios help investors to determine whether Northview 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 Northview with respect to the benefits of owning Northview Residential security.