George Weston Limited Stock Market Value
| WN Stock | CAD 222.17 2.71 1.21% |
| Symbol | George |
George Weston Limited Price To Book Ratio
George Weston '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 George Weston'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 George Weston.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in George Weston on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding George Weston Limited or generate 0.0% return on investment in George Weston over 30 days. George Weston is related to or competes with Loblaw Companies, S A P, Thomson Reuters, Metro, and Empire Company. George Weston Limited engages in the food processing and distribution business in Canada and Internationally More
George Weston 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 George Weston'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 George Weston Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.3 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.46 |
George Weston Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for George Weston's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as George Weston's standard deviation. In reality, there are many statistical measures that can use George Weston historical prices to predict the future George Weston's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of George Weston'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.
George Weston Limited Backtested Returns
As of now, George Stock is very steady. George Weston Limited holds Efficiency (Sharpe) Ratio of 0.0106, which attests that the entity had a 0.0106 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for George Weston Limited, which you can use to evaluate the volatility of the firm. Please check out George Weston's Standard Deviation of 1.07, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.20) to validate if the risk estimate we provide is consistent with the expected return of 0.0107%. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, George Weston's returns are expected to increase less than the market. However, during the bear market, the loss of holding George Weston is expected to be smaller as well. George Weston Limited right now retains a risk of 1.01%. Please check out George Weston maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if George Weston will be following its current trending patterns.
Auto-correlation | -0.57 |
Good reverse predictability
George Weston Limited has good reverse predictability. Overlapping area represents the amount of predictability between George Weston time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 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 George Weston Limited price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current George Weston price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
George Weston Limited lagged returns against current returns
Autocorrelation, which is George Weston 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 George Weston's stock expected returns. We can calculate the autocorrelation of George Weston returns to help us make a trade decision. For example, suppose you find that George Weston 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 |
George Weston 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 George Weston stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if George Weston stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in George Weston stock over time.
Current vs Lagged Prices |
| Timeline |
George Weston Lagged Returns
When evaluating George Weston's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of George Weston stock have on its future price. George Weston 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, George Weston autocorrelation shows the relationship between George Weston stock current value and its past values and can show if there is a momentum factor associated with investing in George Weston Limited.
Regressed Prices |
| Timeline |
Pair Trading with George Weston
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 George Weston 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 George Weston will appreciate offsetting losses from the drop in the long position's value.Moving against George Stock
| 0.59 | ARX | ARC Resources | PairCorr |
| 0.5 | DRT | DIRTT Environmental Earnings Call This Week | PairCorr |
| 0.4 | PSI | Pason Systems | PairCorr |
| 0.33 | UBER | UBER CDR | PairCorr |
The ability to find closely correlated positions to George Weston could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace George Weston 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 George Weston - 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 George Weston Limited to buy it.
The correlation of George Weston 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 George Weston moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if George Weston Limited 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 George Weston 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 George Stock
George Weston financial ratios help investors to determine whether George 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 George with respect to the benefits of owning George Weston security.