Transat At Stock Market Value
| TRZ Stock | CAD 1.79 0.01 0.56% |
| Symbol | Transat |
Transat AT Price To Book Ratio
Transat AT '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 Transat AT'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 Transat AT.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Transat AT on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Transat AT or generate 0.0% return on investment in Transat AT over 180 days. Transat AT is related to or competes with Chorus Aviation, Cineplex, Lion Electric, Air Canada, and Bombardier. Inc. operates as an integrated tour operator in the Americas and Europe More
Transat AT 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 Transat AT'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 Transat AT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.3 |
Transat AT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transat AT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transat AT's standard deviation. In reality, there are many statistical measures that can use Transat AT historical prices to predict the future Transat AT's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.20) |
Transat AT Backtested Returns
Transat AT owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0165, which indicates the firm had a -0.0165% return per unit of risk over the last 3 months. Transat AT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transat AT's Coefficient Of Variation of (5,227), variance of 5.76, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transat AT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transat AT is expected to be smaller as well. At this point, Transat AT has a negative expected return of -0.0404%. Please make sure to validate Transat AT's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Transat AT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Transat AT has below average predictability. Overlapping area represents the amount of predictability between Transat AT 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 Transat AT price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Transat AT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transat AT lagged returns against current returns
Autocorrelation, which is Transat AT 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 Transat AT's stock expected returns. We can calculate the autocorrelation of Transat AT returns to help us make a trade decision. For example, suppose you find that Transat AT 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 |
Transat AT 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 Transat AT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transat AT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transat AT stock over time.
Current vs Lagged Prices |
| Timeline |
Transat AT Lagged Returns
When evaluating Transat AT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transat AT stock have on its future price. Transat AT 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, Transat AT autocorrelation shows the relationship between Transat AT stock current value and its past values and can show if there is a momentum factor associated with investing in Transat AT.
Regressed Prices |
| Timeline |
Pair Trading with Transat AT
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 Transat AT 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 Transat AT will appreciate offsetting losses from the drop in the long position's value.Moving against Transat Stock
The ability to find closely correlated positions to Transat AT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transat AT 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 Transat AT - 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 Transat AT to buy it.
The correlation of Transat AT 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 Transat AT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transat AT 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 Transat AT 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 Transat Stock
Transat AT financial ratios help investors to determine whether Transat 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 Transat with respect to the benefits of owning Transat AT security.