Storage Vault Canada Stock Market Value
| SVI Stock | 4.10 0.03 0.73% |
| Symbol | Storage |
Storage Vault Canada Price To Book Ratio
Storage Vault '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 Storage Vault'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 Storage Vault.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Storage Vault on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Storage Vault Canada or generate 0.0% return on investment in Storage Vault over 180 days. Storage Vault is related to or competes with SmartCentres Real, Dream Industrial, RioCan Real, and Algonquin Power. Storage Vault is entity of Canada. It is traded as Stock on TO exchange. More
Storage Vault 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 Storage Vault'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 Storage Vault Canada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.99 |
Storage Vault Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Storage Vault's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Storage Vault's standard deviation. In reality, there are many statistical measures that can use Storage Vault historical prices to predict the future Storage Vault's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.6156 |
Storage Vault Canada Backtested Returns
Storage Vault Canada owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Storage Vault Canada exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Storage Vault's Coefficient Of Variation of (1,001), risk adjusted performance of (0.07), and Variance of 3.89 to confirm the risk estimate we provide. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Storage Vault are expected to decrease at a much lower rate. During the bear market, Storage Vault is likely to outperform the market. At this point, Storage Vault Canada has a negative expected return of -0.23%. Please make sure to validate Storage Vault's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Storage Vault Canada performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Storage Vault Canada has insignificant predictability. Overlapping area represents the amount of predictability between Storage Vault time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Storage Vault Canada price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Storage Vault price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Storage Vault Canada lagged returns against current returns
Autocorrelation, which is Storage Vault 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 Storage Vault's stock expected returns. We can calculate the autocorrelation of Storage Vault returns to help us make a trade decision. For example, suppose you find that Storage Vault 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 |
Storage Vault 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 Storage Vault stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Storage Vault stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Storage Vault stock over time.
Current vs Lagged Prices |
| Timeline |
Storage Vault Lagged Returns
When evaluating Storage Vault's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Storage Vault stock have on its future price. Storage Vault 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, Storage Vault autocorrelation shows the relationship between Storage Vault stock current value and its past values and can show if there is a momentum factor associated with investing in Storage Vault Canada.
Regressed Prices |
| Timeline |
Pair Trading with Storage Vault
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 Storage Vault 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 Storage Vault will appreciate offsetting losses from the drop in the long position's value.Moving against Storage Stock
| 0.82 | NVDA | NVIDIA CDR | PairCorr |
| 0.8 | VISA | Visa Inc CDR | PairCorr |
| 0.77 | GOOG | Alphabet CDR | PairCorr |
| 0.76 | TSLA | Tesla Inc CDR | PairCorr |
| 0.72 | PYPL | PayPal Holdings CDR | PairCorr |
The ability to find closely correlated positions to Storage Vault could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Storage Vault 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 Storage Vault - 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 Storage Vault Canada to buy it.
The correlation of Storage Vault 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 Storage Vault moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Storage Vault Canada 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 Storage Vault 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 Storage Stock
Storage Vault financial ratios help investors to determine whether Storage 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 Storage with respect to the benefits of owning Storage Vault security.