Morguard North American Stock Market Value
| MRG-UN Stock | CAD 18.58 0.02 0.11% |
| Symbol | Morguard |
Morguard North American Price To Book Ratio
Morguard North '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 Morguard North'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 Morguard North.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Morguard North on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Morguard North American or generate 0.0% return on investment in Morguard North over 360 days. Morguard North is related to or competes with Morguard Real, Killam Apartment, InterRent Real, Minto Apartment, and Crombie Real. The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the... More
Morguard North 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 Morguard North'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 Morguard North American upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.52 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.33 |
Morguard North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morguard North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morguard North's standard deviation. In reality, there are many statistical measures that can use Morguard North historical prices to predict the future Morguard North's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.0925 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Morguard North'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.
Morguard North American Backtested Returns
At this point, Morguard North is very steady. Morguard North American has Sharpe Ratio of 0.0161, which conveys that the firm had a 0.0161% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Morguard North, which you can use to evaluate the volatility of the firm. Please verify Morguard North's Downside Deviation of 1.3, risk adjusted performance of 0.0429, and Mean Deviation of 1.09 to check out if the risk estimate we provide is consistent with the expected return of 0.022%. Morguard North has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Morguard North are expected to decrease at a much lower rate. During the bear market, Morguard North is likely to outperform the market. Morguard North American right now secures a risk of 1.36%. Please verify Morguard North American semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Morguard North American will be following its current price movements.
Auto-correlation | 0.78 |
Good predictability
Morguard North American has good predictability. Overlapping area represents the amount of predictability between Morguard North time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 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 Morguard North American price movement. The serial correlation of 0.78 indicates that around 78.0% of current Morguard North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Morguard North American lagged returns against current returns
Autocorrelation, which is Morguard North 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 Morguard North's stock expected returns. We can calculate the autocorrelation of Morguard North returns to help us make a trade decision. For example, suppose you find that Morguard North 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 |
Morguard North 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 Morguard North stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morguard North stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morguard North stock over time.
Current vs Lagged Prices |
| Timeline |
Morguard North Lagged Returns
When evaluating Morguard North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morguard North stock have on its future price. Morguard North 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, Morguard North autocorrelation shows the relationship between Morguard North stock current value and its past values and can show if there is a momentum factor associated with investing in Morguard North American.
Regressed Prices |
| Timeline |
Pair Trading with Morguard North
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 Morguard North 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 Morguard North will appreciate offsetting losses from the drop in the long position's value.Moving against Morguard Stock
| 0.55 | JPM | JPMorgan Chase | PairCorr |
| 0.45 | BOFA | Bank of America | PairCorr |
| 0.37 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.34 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Morguard North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard North 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 Morguard North - 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 Morguard North American to buy it.
The correlation of Morguard North 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 Morguard North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American 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 Morguard North 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 Morguard Stock
Morguard North financial ratios help investors to determine whether Morguard 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 Morguard with respect to the benefits of owning Morguard North security.