Power Fi 440 Preferred Stock Market Value
| PWF-PP Preferred Stock | CAD 15.68 0.05 0.32% |
| Symbol | Power |
Power Fi '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 Power Fi's preferred 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 Power Fi.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Power Fi on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Power Fi 440 or generate 0.0% return on investment in Power Fi over 30 days. Power Fi is related to or competes with Laurentian Bank, Element Fleet, IA Financial, Ramp Metals, Mako Mining, Intact Financial, and Definity Financial. Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia More
Power Fi 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 Power Fi's preferred 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 Power Fi 440 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.24 |
Power Fi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Fi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Fi's standard deviation. In reality, there are many statistical measures that can use Power Fi historical prices to predict the future Power Fi's volatility.| Risk Adjusted Performance | 0.0785 | |||
| Jensen Alpha | 0.083 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.67) |
Power Fi 440 Backtested Returns
At this point, Power Fi is very steady. Power Fi 440 maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Power Fi 440, which you can use to evaluate the volatility of the company. Please check Power Fi's Risk Adjusted Performance of 0.0785, semi deviation of 0.6049, and Coefficient Of Variation of 923.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0793%. Power Fi has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Power Fi are expected to decrease at a much lower rate. During the bear market, Power Fi is likely to outperform the market. Power Fi 440 right now holds a risk of 0.75%. Please check Power Fi 440 expected short fall, and the relationship between the potential upside and daily balance of power , to decide if Power Fi 440 will be following its historical price patterns.
Auto-correlation | 0.46 |
Average predictability
Power Fi 440 has average predictability. Overlapping area represents the amount of predictability between Power Fi time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Power Fi 440 price movement. The serial correlation of 0.46 indicates that about 46.0% of current Power Fi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Power Fi 440 lagged returns against current returns
Autocorrelation, which is Power Fi preferred 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 Power Fi's preferred stock expected returns. We can calculate the autocorrelation of Power Fi returns to help us make a trade decision. For example, suppose you find that Power Fi has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Power Fi 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 Power Fi preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Fi preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Fi preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Power Fi Lagged Returns
When evaluating Power Fi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Fi preferred stock have on its future price. Power Fi 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, Power Fi autocorrelation shows the relationship between Power Fi preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Power Fi 440.
Regressed Prices |
| Timeline |
Pair Trading with Power Fi
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 Power Fi 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 Power Fi will appreciate offsetting losses from the drop in the long position's value.Moving together with Power Preferred Stock
| 0.65 | MFC | Manulife Financial Corp | PairCorr |
| 0.69 | GWO | Great West Lifeco | PairCorr |
| 0.69 | POW | Power | PairCorr |
| 0.75 | SFC | Alignvest Acquisition | PairCorr |
Moving against Power Preferred Stock
| 0.63 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.49 | SLF-PD | Sun Life Financial | PairCorr |
| 0.47 | SLF-PC | Sun Life Financial | PairCorr |
| 0.44 | AUUA | Aluula Composites | PairCorr |
The ability to find closely correlated positions to Power Fi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Power Fi 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 Power Fi - 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 Power Fi 440 to buy it.
The correlation of Power Fi 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 Power Fi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Power Fi 440 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 Power Fi 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 Power Preferred Stock
Power Fi financial ratios help investors to determine whether Power Preferred 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 Power with respect to the benefits of owning Power Fi security.