Trisura Group Stock Market Value
| TSU Stock | CAD 40.31 0.07 0.17% |
| Symbol | Trisura |
Trisura Group Price To Book Ratio
Trisura '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 Trisura'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 Trisura.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Trisura on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Trisura Group or generate 0.0% return on investment in Trisura over 540 days. Trisura is related to or competes with Brookfield Business, ECN Capital, Colliers International, Altus Group, and Boyd Group. Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and rein... More
Trisura 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 Trisura'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 Trisura Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.9 |
Trisura Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trisura's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trisura's standard deviation. In reality, there are many statistical measures that can use Trisura historical prices to predict the future Trisura's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.07) |
Trisura Group Backtested Returns
Trisura Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0041, which indicates the firm had a -0.0041% return per unit of risk over the last 3 months. Trisura Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trisura's Coefficient Of Variation of (5,149), variance of 2.59, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trisura's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trisura is expected to be smaller as well. At this point, Trisura Group has a negative expected return of -0.0066%. Please make sure to validate Trisura's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Trisura Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Trisura Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Trisura time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Trisura Group price movement. The serial correlation of -0.17 indicates that over 17.0% of current Trisura price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Trisura Group lagged returns against current returns
Autocorrelation, which is Trisura 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 Trisura's stock expected returns. We can calculate the autocorrelation of Trisura returns to help us make a trade decision. For example, suppose you find that Trisura 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 |
Trisura 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 Trisura stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trisura stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trisura stock over time.
Current vs Lagged Prices |
| Timeline |
Trisura Lagged Returns
When evaluating Trisura's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trisura stock have on its future price. Trisura 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, Trisura autocorrelation shows the relationship between Trisura stock current value and its past values and can show if there is a momentum factor associated with investing in Trisura Group.
Regressed Prices |
| Timeline |
Pair Trading with Trisura
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 Trisura 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 Trisura will appreciate offsetting losses from the drop in the long position's value.Moving against Trisura Stock
| 0.49 | TSLA | Tesla Inc CDR | PairCorr |
| 0.32 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.32 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Trisura could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trisura 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 Trisura - 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 Trisura Group to buy it.
The correlation of Trisura 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 Trisura moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trisura Group 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 Trisura 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 Trisura Stock
Trisura financial ratios help investors to determine whether Trisura 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 Trisura with respect to the benefits of owning Trisura security.