Power Financial Corp Preferred Stock Market Value
| PWF-PS Preferred Stock | CAD 19.78 0.04 0.20% |
| Symbol | Power |
Power Financial '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 Financial'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 Financial.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Power Financial on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Power Financial Corp or generate 0.0% return on investment in Power Financial over 30 days. Power Financial is related to or competes with Manulife Financial, Great West, and Great West. Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia More
Power Financial 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 Financial'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 Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7994 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.8837 |
Power Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Financial's standard deviation. In reality, there are many statistical measures that can use Power Financial historical prices to predict the future Power Financial's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | 0.0246 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.02) |
Power Financial Corp Backtested Returns
At this point, Power Financial is very steady. Power Financial Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.001, which implies the firm had a 0.001% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Power Financial Corp, which you can use to evaluate the volatility of the company. Please check Power Financial's Semi Deviation of 0.7346, risk adjusted performance of 0.0143, and Coefficient Of Variation of 4881.5 to confirm if the risk estimate we provide is consistent with the expected return of 7.0E-4%. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Power Financial are expected to decrease at a much lower rate. During the bear market, Power Financial is likely to outperform the market. Power Financial Corp right now holds a risk of 0.69%. Please check Power Financial Corp potential upside, accumulation distribution, period momentum indicator, as well as the relationship between the expected short fall and day median price , to decide if Power Financial Corp will be following its historical price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Power Financial Corp has insignificant predictability. Overlapping area represents the amount of predictability between Power Financial time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Power Financial Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Power Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Power Financial Corp lagged returns against current returns
Autocorrelation, which is Power Financial 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 Financial's preferred stock expected returns. We can calculate the autocorrelation of Power Financial returns to help us make a trade decision. For example, suppose you find that Power Financial 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 Financial 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 Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Financial 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 Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Power Financial Lagged Returns
When evaluating Power Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Financial preferred stock have on its future price. Power Financial 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 Financial autocorrelation shows the relationship between Power Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Power Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with Power Financial
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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Power Preferred Stock
| 0.77 | JPM | JPMorgan Chase | PairCorr |
| 0.49 | COST | Costco Wholesale Corp | PairCorr |
| 0.43 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.37 | AMZN | Amazon CDR | PairCorr |
| 0.37 | UNH | UnitedHealth Group CDR | PairCorr |
The ability to find closely correlated positions to Power Financial 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 Financial 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 Financial - 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 Financial Corp to buy it.
The correlation of Power Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Power Financial Corp 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 Financial 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 Financial 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 Financial security.