Pro Real Estate Stock Market Value
| PRV-UN Stock | CAD 5.74 0.14 2.50% |
| Symbol | Pro |
Pro Real Estate Price To Book Ratio
Pro Real '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 Pro Real'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 Pro Real.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Pro Real on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Pro Real Estate or generate 0.0% return on investment in Pro Real over 510 days. Pro Real is related to or competes with BTB Real, Slate Office, Nexus Real, True North, and Inovalis Real. PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial pro... More
Pro Real 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 Pro Real'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 Pro Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.035 | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.5 |
Pro Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pro Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pro Real's standard deviation. In reality, there are many statistical measures that can use Pro Real historical prices to predict the future Pro Real's volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 0.1529 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 1.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pro Real'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.
Pro Real Estate Backtested Returns
At this point, Pro Real is not too volatile. Pro Real Estate maintains Sharpe Ratio (i.e., Efficiency) of 0.098, which implies the firm had a 0.098% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pro Real Estate, which you can use to evaluate the volatility of the company. Please check Pro Real's Coefficient Of Variation of 775.97, risk adjusted performance of 0.1029, and Semi Deviation of 1.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Pro Real has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pro Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pro Real is expected to be smaller as well. Pro Real Estate right now holds a risk of 1.35%. Please check Pro Real Estate semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Pro Real Estate will be following its historical price patterns.
Auto-correlation | 0.73 |
Good predictability
Pro Real Estate has good predictability. Overlapping area represents the amount of predictability between Pro Real time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Pro Real Estate price movement. The serial correlation of 0.73 indicates that around 73.0% of current Pro Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Pro Real Estate lagged returns against current returns
Autocorrelation, which is Pro Real 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 Pro Real's stock expected returns. We can calculate the autocorrelation of Pro Real returns to help us make a trade decision. For example, suppose you find that Pro Real 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 |
Pro Real 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 Pro Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pro Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pro Real stock over time.
Current vs Lagged Prices |
| Timeline |
Pro Real Lagged Returns
When evaluating Pro Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pro Real stock have on its future price. Pro Real 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, Pro Real autocorrelation shows the relationship between Pro Real stock current value and its past values and can show if there is a momentum factor associated with investing in Pro Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Pro Real
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 Pro Real 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 Pro Real will appreciate offsetting losses from the drop in the long position's value.Moving against Pro Stock
The ability to find closely correlated positions to Pro Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pro Real 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 Pro Real - 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 Pro Real Estate to buy it.
The correlation of Pro Real 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 Pro Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pro Real Estate 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 Pro Real 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 Pro Stock
Pro Real financial ratios help investors to determine whether Pro 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 Pro with respect to the benefits of owning Pro Real security.