Riocan Reit Stock Market Value
| RIOCF Stock | USD 13.22 0.57 4.13% |
| Symbol | Riocan |
Riocan REIT '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 REIT's pink sheet 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 REIT.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Riocan REIT on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Riocan REIT or generate 0.0% return on investment in Riocan REIT over 60 days. Riocan REIT is related to or competes with Choice Properties, CT Real, Firm Capital, Slate Grocery, Smart REIT, Plaza Retail, and Phillips Edison. RioCan is one of Canadas largest real estate investment trusts More
Riocan REIT 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 REIT's pink sheet 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 REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.71 |
Riocan REIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riocan REIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riocan REIT's standard deviation. In reality, there are many statistical measures that can use Riocan REIT historical prices to predict the future Riocan REIT's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0757 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Riocan REIT'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 REIT Backtested Returns
Riocan REIT maintains Sharpe Ratio (i.e., Efficiency) of -0.0109, which implies the firm had a -0.0109% return per unit of risk over the last 3 months. Riocan REIT exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Riocan REIT's Semi Deviation of 1.25, coefficient of variation of 3054.49, and Risk Adjusted Performance of 0.0297 to confirm the risk estimate we provide. The company holds a Beta of 0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Riocan REIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riocan REIT is expected to be smaller as well. At this point, Riocan REIT has a negative expected return of -0.0152%. Please make sure to check Riocan REIT's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Riocan REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Riocan REIT has below average predictability. Overlapping area represents the amount of predictability between Riocan REIT time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Riocan REIT price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Riocan REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Riocan REIT lagged returns against current returns
Autocorrelation, which is Riocan REIT pink sheet'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 REIT's pink sheet expected returns. We can calculate the autocorrelation of Riocan REIT returns to help us make a trade decision. For example, suppose you find that Riocan REIT has exhibited high autocorrelation historically, and you observe that the pink sheet 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 REIT 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 REIT pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riocan REIT pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riocan REIT pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Riocan REIT Lagged Returns
When evaluating Riocan REIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riocan REIT pink sheet have on its future price. Riocan REIT 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 REIT autocorrelation shows the relationship between Riocan REIT pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Riocan REIT.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Riocan Pink Sheet
Riocan REIT financial ratios help investors to determine whether Riocan Pink Sheet 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 REIT security.