Urbana Stock Market Value
| URB-A Stock | CAD 5.58 0.08 1.45% |
| Symbol | Urbana |
Urbana Price To Book Ratio
Urbana '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 Urbana'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 Urbana.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Urbana on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Urbana or generate 0.0% return on investment in Urbana over 390 days. Urbana is related to or competes with Advent Wireless, Fairfax Financial, US Financial, Financial, Everyday People, VersaBank, and First National. Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd More
Urbana 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 Urbana'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 Urbana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0403 | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.68 |
Urbana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Urbana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Urbana's standard deviation. In reality, there are many statistical measures that can use Urbana historical prices to predict the future Urbana's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.1344 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | 0.529 |
Urbana Backtested Returns
Urbana appears to be not too volatile, given 3 months investment horizon. Urbana owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Urbana, which you can use to evaluate the volatility of the company. Please review Urbana's Risk Adjusted Performance of 0.111, semi deviation of 0.9887, and Coefficient Of Variation of 718.29 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Urbana holds a performance score of 12. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Urbana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Urbana is expected to be smaller as well. Please check Urbana's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Urbana's existing price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Urbana has good predictability. Overlapping area represents the amount of predictability between Urbana time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Urbana price movement. The serial correlation of 0.67 indicates that around 67.0% of current Urbana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Urbana lagged returns against current returns
Autocorrelation, which is Urbana 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 Urbana's stock expected returns. We can calculate the autocorrelation of Urbana returns to help us make a trade decision. For example, suppose you find that Urbana 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 |
Urbana 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 Urbana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Urbana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Urbana stock over time.
Current vs Lagged Prices |
| Timeline |
Urbana Lagged Returns
When evaluating Urbana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Urbana stock have on its future price. Urbana 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, Urbana autocorrelation shows the relationship between Urbana stock current value and its past values and can show if there is a momentum factor associated with investing in Urbana.
Regressed Prices |
| Timeline |
Pair Trading with Urbana
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 Urbana 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 Urbana will appreciate offsetting losses from the drop in the long position's value.Moving against Urbana Stock
The ability to find closely correlated positions to Urbana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Urbana 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 Urbana - 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 Urbana to buy it.
The correlation of Urbana 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 Urbana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urbana 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 Urbana 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.Additional Tools for Urbana Stock Analysis
When running Urbana's price analysis, check to measure Urbana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Urbana is operating at the current time. Most of Urbana's value examination focuses on studying past and present price action to predict the probability of Urbana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Urbana's price. Additionally, you may evaluate how the addition of Urbana to your portfolios can decrease your overall portfolio volatility.