Guardian Capital Group Stock Market Value
| GCG-A Stock | CAD 41.33 1.58 3.97% |
| Symbol | Guardian |
Guardian Capital Price To Book Ratio
Guardian Capital '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 Guardian Capital'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 Guardian Capital.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Guardian Capital on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Guardian Capital Group or generate 0.0% return on investment in Guardian Capital over 180 days. Guardian Capital is related to or competes with Berkshire Hathaway, E L, E L, Molson Coors, Fairfax Financial, Fairfax Financial, and Fairfax Financial. Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in ... More
Guardian Capital 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 Guardian Capital'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 Guardian Capital Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.0114 | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 3.01 |
Guardian Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guardian Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guardian Capital's standard deviation. In reality, there are many statistical measures that can use Guardian Capital historical prices to predict the future Guardian Capital's volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | 0.0233 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0128 | |||
| Treynor Ratio | 0.0543 |
Guardian Capital Backtested Returns
Currently, Guardian Capital Group is very steady. Guardian Capital holds Efficiency (Sharpe) Ratio of 0.029, which attests that the entity had a 0.029% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Guardian Capital, which you can use to evaluate the volatility of the firm. Please check out Guardian Capital's risk adjusted performance of 0.0307, and Market Risk Adjusted Performance of 0.0643 to validate if the risk estimate we provide is consistent with the expected return of 0.044%. Guardian Capital has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guardian Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guardian Capital is expected to be smaller as well. Guardian Capital right now retains a risk of 1.52%. Please check out Guardian Capital market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Guardian Capital will be following its current trending patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Guardian Capital Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Guardian Capital time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Guardian Capital price movement. The serial correlation of -0.74 indicates that around 74.0% of current Guardian Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Guardian Capital lagged returns against current returns
Autocorrelation, which is Guardian Capital 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 Guardian Capital's stock expected returns. We can calculate the autocorrelation of Guardian Capital returns to help us make a trade decision. For example, suppose you find that Guardian Capital 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 |
Guardian Capital 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 Guardian Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guardian Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guardian Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Guardian Capital Lagged Returns
When evaluating Guardian Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guardian Capital stock have on its future price. Guardian Capital 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, Guardian Capital autocorrelation shows the relationship between Guardian Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Guardian Capital Group.
Regressed Prices |
| Timeline |
Pair Trading with Guardian Capital
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 Guardian Capital 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 Guardian Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Guardian Stock
The ability to find closely correlated positions to Guardian Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Capital 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 Guardian Capital - 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 Guardian Capital Group to buy it.
The correlation of Guardian Capital 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 Guardian Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Capital 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 Guardian Capital 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 Guardian Stock Analysis
When running Guardian Capital's price analysis, check to measure Guardian Capital'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 Guardian Capital is operating at the current time. Most of Guardian Capital's value examination focuses on studying past and present price action to predict the probability of Guardian Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guardian Capital's price. Additionally, you may evaluate how the addition of Guardian Capital to your portfolios can decrease your overall portfolio volatility.