Crombie Real Estate Stock Market Value
| CRR-UN Stock | CAD 14.32 0.05 0.35% |
| Symbol | Crombie |
Crombie Real Estate Price To Book Ratio
Crombie Real '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 Crombie Real'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 Crombie Real.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Crombie Real on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Crombie Real Estate or generate 0.0% return on investment in Crombie Real over 30 days. Crombie Real is related to or competes with Artis Real, Choice Properties, Killam Apartment, Boardwalk Real, and CT Real. Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, an... More
Crombie Real 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 Crombie Real'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 Crombie Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.61 |
Crombie Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crombie Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crombie Real's standard deviation. In reality, there are many statistical measures that can use Crombie Real historical prices to predict the future Crombie Real's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crombie Real'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.
Crombie Real Estate Backtested Returns
Crombie Real Estate secures Sharpe Ratio (or Efficiency) of -0.0434, which signifies that the company had a -0.0434% return per unit of risk over the last 3 months. Crombie Real Estate exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crombie Real's Standard Deviation of 0.9949, mean deviation of 0.7817, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0282, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crombie Real are expected to decrease at a much lower rate. During the bear market, Crombie Real is likely to outperform the market. At this point, Crombie Real Estate has a negative expected return of -0.0438%. Please make sure to confirm Crombie Real's maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Crombie Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Crombie Real Estate has very weak reverse predictability. Overlapping area represents the amount of predictability between Crombie Real time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Crombie Real Estate price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Crombie Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Crombie Real Estate lagged returns against current returns
Autocorrelation, which is Crombie Real 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 Crombie Real's stock expected returns. We can calculate the autocorrelation of Crombie Real returns to help us make a trade decision. For example, suppose you find that Crombie Real 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 |
Crombie Real 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 Crombie Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crombie Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crombie Real stock over time.
Current vs Lagged Prices |
| Timeline |
Crombie Real Lagged Returns
When evaluating Crombie Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crombie Real stock have on its future price. Crombie Real 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, Crombie Real autocorrelation shows the relationship between Crombie Real stock current value and its past values and can show if there is a momentum factor associated with investing in Crombie Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Crombie Real
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 Crombie Real 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 Crombie Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Crombie Stock
Moving against Crombie Stock
The ability to find closely correlated positions to Crombie Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crombie Real 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 Crombie Real - 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 Crombie Real Estate to buy it.
The correlation of Crombie Real 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 Crombie Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crombie Real Estate 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 Crombie Real 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 Crombie Stock
Crombie Real financial ratios help investors to determine whether Crombie 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 Crombie with respect to the benefits of owning Crombie Real security.