True North Commercial Stock Market Value
| TNT-UN Stock | CAD 11.44 0.31 2.79% |
| Symbol | True |
True North Commercial Price To Book Ratio
True North '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 True North'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 True North.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in True North on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding True North Commercial or generate 0.0% return on investment in True North over 90 days. True North is related to or competes with Slate Office, Inovalis Real, BTB Real, Slate Grocery, and NorthWest Healthcare. The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ont... More
True North 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 True North'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 True North Commercial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0615 | |||
| Maximum Drawdown | 21.62 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.8 |
True North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True North's standard deviation. In reality, there are many statistical measures that can use True North historical prices to predict the future True North's volatility.| Risk Adjusted Performance | 0.085 | |||
| Jensen Alpha | 0.3175 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0766 | |||
| Treynor Ratio | 4.88 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of True North'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.
True North Commercial Backtested Returns
True North appears to be somewhat reliable, given 3 months investment horizon. True North Commercial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0743, which indicates the firm had a 0.0743% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for True North Commercial, which you can use to evaluate the volatility of the company. Please review True North's Semi Deviation of 2.57, risk adjusted performance of 0.085, and Coefficient Of Variation of 991.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, True North holds a performance score of 5. The entity has a beta of 0.0667, which indicates not very significant fluctuations relative to the market. As returns on the market increase, True North's returns are expected to increase less than the market. However, during the bear market, the loss of holding True North is expected to be smaller as well. Please check True North's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether True North's existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
True North Commercial has good reverse predictability. Overlapping area represents the amount of predictability between True North time series from 28th of August 2024 to 12th of October 2024 and 12th 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 True North Commercial price movement. The serial correlation of -0.53 indicates that about 53.0% of current True North price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
True North Commercial lagged returns against current returns
Autocorrelation, which is True North 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 True North's stock expected returns. We can calculate the autocorrelation of True North returns to help us make a trade decision. For example, suppose you find that True North 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 |
True North 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 True North stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True North stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True North stock over time.
Current vs Lagged Prices |
| Timeline |
True North Lagged Returns
When evaluating True North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True North stock have on its future price. True North 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, True North autocorrelation shows the relationship between True North stock current value and its past values and can show if there is a momentum factor associated with investing in True North Commercial.
Regressed Prices |
| Timeline |
Pair Trading with True North
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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to True North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True North 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 True North - 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 True North Commercial to buy it.
The correlation of True North 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 True North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if True North Commercial 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 True North 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 True Stock
True North financial ratios help investors to determine whether True 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 True with respect to the benefits of owning True North security.