Postmedia Network Canada Stock Market Value
| PNC-A Stock | CAD 1.25 0.07 5.30% |
| Symbol | Postmedia |
Postmedia Network '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 Postmedia Network'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 Postmedia Network.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Postmedia Network on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Postmedia Network Canada or generate 0.0% return on investment in Postmedia Network over 720 days. Postmedia Network is related to or competes with Alphabet, Microsoft Corp, NVIDIA CDR, and BOEING CDR. Postmedia Network Canada Corp., through its subsidiary, Postmedia Network Inc., publishes daily and non-daily newspapers... More
Postmedia Network 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 Postmedia Network'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 Postmedia Network Canada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.98 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 4.35 |
Postmedia Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Postmedia Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Postmedia Network's standard deviation. In reality, there are many statistical measures that can use Postmedia Network historical prices to predict the future Postmedia Network's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.2725 |
Postmedia Network Canada Backtested Returns
Postmedia Network Canada maintains Sharpe Ratio (i.e., Efficiency) of -0.0398, which implies the firm had a -0.0398% return per unit of risk over the last 3 months. Postmedia Network Canada exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Postmedia Network's Risk Adjusted Performance of (0.02), coefficient of variation of (2,568), and Variance of 8.06 to confirm the risk estimate we provide. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Postmedia Network are expected to decrease at a much lower rate. During the bear market, Postmedia Network is likely to outperform the market. At this point, Postmedia Network Canada has a negative expected return of -0.12%. Please make sure to check Postmedia Network's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if Postmedia Network Canada performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Postmedia Network Canada has weak reverse predictability. Overlapping area represents the amount of predictability between Postmedia Network time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Postmedia Network Canada price movement. The serial correlation of -0.21 indicates that over 21.0% of current Postmedia Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Postmedia Network Canada lagged returns against current returns
Autocorrelation, which is Postmedia Network 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 Postmedia Network's stock expected returns. We can calculate the autocorrelation of Postmedia Network returns to help us make a trade decision. For example, suppose you find that Postmedia Network 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 |
Postmedia Network 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 Postmedia Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Postmedia Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Postmedia Network stock over time.
Current vs Lagged Prices |
| Timeline |
Postmedia Network Lagged Returns
When evaluating Postmedia Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Postmedia Network stock have on its future price. Postmedia Network 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, Postmedia Network autocorrelation shows the relationship between Postmedia Network stock current value and its past values and can show if there is a momentum factor associated with investing in Postmedia Network Canada.
Regressed Prices |
| Timeline |
Pair Trading with Postmedia Network
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 Postmedia Network 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 Postmedia Network will appreciate offsetting losses from the drop in the long position's value.Moving against Postmedia Stock
| 0.64 | CSU | Constellation Software | PairCorr |
| 0.63 | IFC | Intact Financial | PairCorr |
| 0.6 | FFH | Fairfax Financial | PairCorr |
| 0.6 | FSV | FirstService Corp | PairCorr |
| 0.54 | WSP | WSP Global | PairCorr |
The ability to find closely correlated positions to Postmedia Network could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Postmedia Network 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 Postmedia Network - 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 Postmedia Network Canada to buy it.
The correlation of Postmedia Network 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 Postmedia Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Postmedia Network Canada 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 Postmedia Network 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.Additional Tools for Postmedia Stock Analysis
When running Postmedia Network's price analysis, check to measure Postmedia Network's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Postmedia Network is operating at the current time. Most of Postmedia Network's value examination focuses on studying past and present price action to predict the probability of Postmedia Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Postmedia Network's price. Additionally, you may evaluate how the addition of Postmedia Network to your portfolios can decrease your overall portfolio volatility.