Lysander Slater Preferred Share Etf Market Value
| PR Etf | CAD 9.66 0.02 0.21% |
| Symbol | Lysander |
Lysander Slater '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 Lysander Slater's etf 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 Lysander Slater.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Lysander Slater on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Lysander Slater Preferred Share or generate 0.0% return on investment in Lysander Slater over 450 days. Lysander Slater is related to or competes with BMO Laddered, Global X, IShares SPTSX, RBC Canadian, Dynamic Active, Evolve Active, and IShares SPTSX. ActivETF seeks to generate income while preserving investor capital by investing primarily in preferred shares of Canadi... More
Lysander Slater 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 Lysander Slater's etf 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 Lysander Slater Preferred Share upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4023 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.7277 |
Lysander Slater Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lysander Slater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lysander Slater's standard deviation. In reality, there are many statistical measures that can use Lysander Slater historical prices to predict the future Lysander Slater's volatility.| Risk Adjusted Performance | 0.0534 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lysander Slater'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.
Lysander Slater Pref Backtested Returns
As of now, Lysander Etf is very steady. Lysander Slater Pref has Sharpe Ratio of 0.0743, which conveys that the entity had a 0.0743% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lysander Slater, which you can use to evaluate the volatility of the etf. Please verify Lysander Slater's Risk Adjusted Performance of 0.0534, mean deviation of 0.2212, and Downside Deviation of 0.4023 to check out if the risk estimate we provide is consistent with the expected return of 0.0254%. The etf secures a Beta (Market Risk) of -0.0827, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lysander Slater are expected to decrease at a much lower rate. During the bear market, Lysander Slater is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
Lysander Slater Preferred Share has very good predictability. Overlapping area represents the amount of predictability between Lysander Slater time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 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 Lysander Slater Pref price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Lysander Slater price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Lysander Slater Pref lagged returns against current returns
Autocorrelation, which is Lysander Slater etf'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 Lysander Slater's etf expected returns. We can calculate the autocorrelation of Lysander Slater returns to help us make a trade decision. For example, suppose you find that Lysander Slater has exhibited high autocorrelation historically, and you observe that the etf 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 |
Lysander Slater 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 Lysander Slater etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lysander Slater etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lysander Slater etf over time.
Current vs Lagged Prices |
| Timeline |
Lysander Slater Lagged Returns
When evaluating Lysander Slater's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lysander Slater etf have on its future price. Lysander Slater 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, Lysander Slater autocorrelation shows the relationship between Lysander Slater etf current value and its past values and can show if there is a momentum factor associated with investing in Lysander Slater Preferred Share.
Regressed Prices |
| Timeline |
Pair Trading with Lysander Slater
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 Lysander Slater 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 Lysander Slater will appreciate offsetting losses from the drop in the long position's value.Moving together with Lysander Etf
| 0.67 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.69 | HPR | Global X Active | PairCorr |
| 0.64 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.66 | RPF | RBC Canadian Preferred | PairCorr |
| 0.68 | DXP | Dynamic Active Preferred | PairCorr |
The ability to find closely correlated positions to Lysander Slater could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lysander Slater 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 Lysander Slater - 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 Lysander Slater Preferred Share to buy it.
The correlation of Lysander Slater 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 Lysander Slater moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lysander Slater Pref 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 Lysander Slater 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 Lysander Etf
Lysander Slater financial ratios help investors to determine whether Lysander Etf 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 Lysander with respect to the benefits of owning Lysander Slater security.