Riocan Real Estate Stock Market Value
| REI-UN Stock | CAD 18.92 0.16 0.84% |
| Symbol | RioCan |
RioCan Real Estate Price To Book Ratio
RioCan 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 RioCan 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 RioCan Real.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in RioCan Real on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding RioCan Real Estate or generate 0.0% return on investment in RioCan Real over 30 days. RioCan Real is related to or competes with SmartCentres Real, HR Real, Fortis, Enbridge, and NorthWest Healthcare. RioCan is one of Canadas largest real estate investment trusts More
RioCan 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 RioCan 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 RioCan Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.0101 | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.83 |
RioCan Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RioCan Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RioCan Real's standard deviation. In reality, there are many statistical measures that can use RioCan Real historical prices to predict the future RioCan Real's volatility.| Risk Adjusted Performance | 0.084 | |||
| Jensen Alpha | 0.1233 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | (0.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RioCan 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.
RioCan Real Estate Backtested Returns
At this point, RioCan Real is very steady. RioCan Real Estate maintains Sharpe Ratio (i.e., Efficiency) of 0.0303, which implies the firm had a 0.0303% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RioCan Real Estate, which you can use to evaluate the volatility of the company. Please check RioCan Real's Coefficient Of Variation of 945.65, risk adjusted performance of 0.084, and Semi Deviation of 0.8576 to confirm if the risk estimate we provide is consistent with the expected return of 0.0342%. RioCan Real has a performance score of 2 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, returns on owning RioCan Real are expected to decrease at a much lower rate. During the bear market, RioCan Real is likely to outperform the market. RioCan Real Estate right now holds a risk of 1.13%. Please check RioCan Real Estate semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if RioCan Real Estate will be following its historical price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
RioCan Real Estate has weak reverse predictability. Overlapping area represents the amount of predictability between RioCan Real time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 RioCan Real Estate price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current RioCan Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
RioCan Real Estate lagged returns against current returns
Autocorrelation, which is RioCan 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 RioCan Real's stock expected returns. We can calculate the autocorrelation of RioCan Real returns to help us make a trade decision. For example, suppose you find that RioCan 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 |
RioCan 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 RioCan Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RioCan Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RioCan Real stock over time.
Current vs Lagged Prices |
| Timeline |
RioCan Real Lagged Returns
When evaluating RioCan Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RioCan Real stock have on its future price. RioCan 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, RioCan Real autocorrelation shows the relationship between RioCan Real stock current value and its past values and can show if there is a momentum factor associated with investing in RioCan Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with RioCan 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 RioCan 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 RioCan Real will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to RioCan 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 RioCan 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 RioCan 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 RioCan Real Estate to buy it.
The correlation of RioCan 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 RioCan Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RioCan 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 RioCan 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 RioCan Stock
RioCan Real financial ratios help investors to determine whether RioCan 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 RioCan with respect to the benefits of owning RioCan Real security.