SELECT INCOME REIT Market Value
| 81618TAC4 | 93.85 0.00 0.00% |
| Symbol | SELECT |
SELECT '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 SELECT's bond 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 SELECT.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in SELECT on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding SELECT INCOME REIT or generate 0.0% return on investment in SELECT over 30 days. SELECT is related to or competes with SNDL, Vantage Drilling, Ambev SA, Oatly Group, Patterson UTI, and Anheuser Busch. More
SELECT 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 SELECT's bond 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 SELECT INCOME REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.0347 | |||
| Maximum Drawdown | 26.74 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 7.54 |
SELECT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SELECT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SELECT's standard deviation. In reality, there are many statistical measures that can use SELECT historical prices to predict the future SELECT's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.1652 | |||
| Total Risk Alpha | 0.0638 | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | (0.37) |
SELECT INCOME REIT Backtested Returns
At this point, SELECT is very steady. SELECT INCOME REIT owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0413, which indicates the bond had a 0.0413 % return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for SELECT INCOME REIT, which you can use to evaluate the volatility of the bond. Please validate SELECT's risk adjusted performance of 0.0432, and Coefficient Of Variation of 2365.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SELECT are expected to decrease at a much lower rate. During the bear market, SELECT is likely to outperform the market.
Auto-correlation | -0.17 |
Insignificant reverse predictability
SELECT INCOME REIT has insignificant reverse predictability. Overlapping area represents the amount of predictability between SELECT time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SELECT INCOME REIT price movement. The serial correlation of -0.17 indicates that over 17.0% of current SELECT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 3.46 |
SELECT INCOME REIT lagged returns against current returns
Autocorrelation, which is SELECT bond'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 SELECT's bond expected returns. We can calculate the autocorrelation of SELECT returns to help us make a trade decision. For example, suppose you find that SELECT has exhibited high autocorrelation historically, and you observe that the bond 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 |
SELECT 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 SELECT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SELECT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SELECT bond over time.
Current vs Lagged Prices |
| Timeline |
SELECT Lagged Returns
When evaluating SELECT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SELECT bond have on its future price. SELECT 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, SELECT autocorrelation shows the relationship between SELECT bond current value and its past values and can show if there is a momentum factor associated with investing in SELECT INCOME REIT.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SELECT Bond
SELECT financial ratios help investors to determine whether SELECT Bond 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 SELECT with respect to the benefits of owning SELECT security.