Alimentation Couchen Tard Stock Market Value
| ATD Stock | 83.03 1.12 1.37% |
| Symbol | Alimentation |
Alimentation Couchen Tard Price To Book Ratio
Alimentation Couchen '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 Alimentation Couchen'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 Alimentation Couchen.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Alimentation Couchen on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Alimentation Couchen Tard or generate 0.0% return on investment in Alimentation Couchen over 720 days. Alimentation Couchen is related to or competes with Metro, Dollarama, Nutrien, Canadian Pacific, and Brookfield. Alimentation Couchen is entity of Canada More
Alimentation Couchen 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 Alimentation Couchen'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 Alimentation Couchen Tard upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 3.3 |
Alimentation Couchen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alimentation Couchen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alimentation Couchen's standard deviation. In reality, there are many statistical measures that can use Alimentation Couchen historical prices to predict the future Alimentation Couchen's volatility.| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 0.0921 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.42 |
Alimentation Couchen Tard Backtested Returns
As of now, Alimentation Stock is very steady. Alimentation Couchen Tard secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alimentation Couchen Tard, which you can use to evaluate the volatility of the firm. Please confirm Alimentation Couchen's Risk Adjusted Performance of 0.0617, downside deviation of 1.29, and Mean Deviation of 1.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Alimentation Couchen has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0704, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alimentation Couchen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alimentation Couchen is expected to be smaller as well. Alimentation Couchen Tard right now shows a risk of 1.45%. Please confirm Alimentation Couchen Tard value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if Alimentation Couchen Tard will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Alimentation Couchen Tard has poor reverse predictability. Overlapping area represents the amount of predictability between Alimentation Couchen time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 Alimentation Couchen Tard price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Alimentation Couchen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 10.38 |
Alimentation Couchen Tard lagged returns against current returns
Autocorrelation, which is Alimentation Couchen 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 Alimentation Couchen's stock expected returns. We can calculate the autocorrelation of Alimentation Couchen returns to help us make a trade decision. For example, suppose you find that Alimentation Couchen 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 |
Alimentation Couchen 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 Alimentation Couchen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alimentation Couchen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alimentation Couchen stock over time.
Current vs Lagged Prices |
| Timeline |
Alimentation Couchen Lagged Returns
When evaluating Alimentation Couchen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alimentation Couchen stock have on its future price. Alimentation Couchen 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, Alimentation Couchen autocorrelation shows the relationship between Alimentation Couchen stock current value and its past values and can show if there is a momentum factor associated with investing in Alimentation Couchen Tard.
Regressed Prices |
| Timeline |
Pair Trading with Alimentation Couchen
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 Alimentation Couchen 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 Alimentation Couchen will appreciate offsetting losses from the drop in the long position's value.Moving against Alimentation Stock
| 0.38 | AVGO | Broadcom Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Alimentation Couchen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alimentation Couchen 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 Alimentation Couchen - 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 Alimentation Couchen Tard to buy it.
The correlation of Alimentation Couchen 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 Alimentation Couchen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alimentation Couchen Tard 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 Alimentation Couchen 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 Alimentation Stock
Alimentation Couchen financial ratios help investors to determine whether Alimentation 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 Alimentation with respect to the benefits of owning Alimentation Couchen security.