Primaris Retail Re Stock Market Value
| PMZ-UN Stock | 15.92 0.03 0.19% |
| Symbol | Primaris |
Primaris Retail RE Price To Book Ratio
Primaris Retail '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 Primaris Retail'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 Primaris Retail.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Primaris Retail on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Primaris Retail RE or generate 0.0% return on investment in Primaris Retail over 60 days. Primaris Retail is related to or competes with HR Real, Dream Office, Artis Real, Boardwalk Real, and Allied Properties. Primaris Retail Real Estate Investment Trust engages in the ownership, management, lease, and development of retail properties primarily in Canada. More
Primaris Retail 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 Primaris Retail'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 Primaris Retail RE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 2.49 |
Primaris Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primaris Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primaris Retail's standard deviation. In reality, there are many statistical measures that can use Primaris Retail historical prices to predict the future Primaris Retail's volatility.| Risk Adjusted Performance | 0.1488 | |||
| Jensen Alpha | 0.1986 | |||
| Total Risk Alpha | 0.0256 | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | (11.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primaris Retail'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.
Primaris Retail RE Backtested Returns
At this point, Primaris Retail is very steady. Primaris Retail RE maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Primaris Retail RE, which you can use to evaluate the volatility of the company. Please check Primaris Retail's Semi Deviation of 0.8424, risk adjusted performance of 0.1488, and Coefficient Of Variation of 525.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Primaris Retail has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of -0.0171, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Primaris Retail are expected to decrease at a much lower rate. During the bear market, Primaris Retail is likely to outperform the market. Primaris Retail RE right now holds a risk of 1.07%. Please check Primaris Retail RE total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if Primaris Retail RE will be following its historical price patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Primaris Retail RE has modest reverse predictability. Overlapping area represents the amount of predictability between Primaris Retail time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Primaris Retail RE price movement. The serial correlation of -0.5 indicates that about 50.0% of current Primaris Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Primaris Retail RE lagged returns against current returns
Autocorrelation, which is Primaris Retail 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 Primaris Retail's stock expected returns. We can calculate the autocorrelation of Primaris Retail returns to help us make a trade decision. For example, suppose you find that Primaris Retail 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 |
Primaris Retail 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 Primaris Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primaris Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primaris Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Primaris Retail Lagged Returns
When evaluating Primaris Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primaris Retail stock have on its future price. Primaris Retail 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, Primaris Retail autocorrelation shows the relationship between Primaris Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Primaris Retail RE.
Regressed Prices |
| Timeline |
Pair Trading with Primaris Retail
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 Primaris Retail 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 Primaris Retail will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Primaris Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primaris Retail 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 Primaris Retail - 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 Primaris Retail RE to buy it.
The correlation of Primaris Retail 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 Primaris Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primaris Retail RE 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 Primaris Retail 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 Primaris Stock
Primaris Retail financial ratios help investors to determine whether Primaris 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 Primaris with respect to the benefits of owning Primaris Retail security.