Nexus Real Estate Stock Market Value
| NXR-UN Stock | CAD 7.94 0.01 0.13% |
| Symbol | Nexus |
Nexus Real Estate Price To Book Ratio
Nexus 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 Nexus 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 Nexus Real.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nexus Real on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Nexus Real Estate or generate 0.0% return on investment in Nexus Real over 210 days. Nexus Real is related to or competes with Slate Grocery, Pro Real, True North, Inovalis Real, and Slate Office. Nexus is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ... More
Nexus 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 Nexus 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 Nexus Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 1.84 |
Nexus Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexus Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexus Real's standard deviation. In reality, there are many statistical measures that can use Nexus Real historical prices to predict the future Nexus Real's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexus 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.
Nexus Real Estate Backtested Returns
Nexus Real Estate has Sharpe Ratio of -0.0382, which conveys that the firm had a -0.0382% return per unit of risk over the last 3 months. Nexus Real exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexus Real's Mean Deviation of 0.9515, standard deviation of 1.23, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nexus Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nexus Real is expected to be smaller as well. At this point, Nexus Real Estate has a negative expected return of -0.0468%. Please make sure to verify Nexus Real's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to decide if Nexus Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Nexus Real Estate has very good reverse predictability. Overlapping area represents the amount of predictability between Nexus Real time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Nexus Real Estate price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Nexus Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Nexus Real Estate lagged returns against current returns
Autocorrelation, which is Nexus 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 Nexus Real's stock expected returns. We can calculate the autocorrelation of Nexus Real returns to help us make a trade decision. For example, suppose you find that Nexus 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 |
Nexus 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 Nexus Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexus Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexus Real stock over time.
Current vs Lagged Prices |
| Timeline |
Nexus Real Lagged Returns
When evaluating Nexus Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexus Real stock have on its future price. Nexus 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, Nexus Real autocorrelation shows the relationship between Nexus Real stock current value and its past values and can show if there is a momentum factor associated with investing in Nexus Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Nexus 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 Nexus 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 Nexus Real will appreciate offsetting losses from the drop in the long position's value.Moving against Nexus Stock
| 0.86 | JPM | JPMorgan Chase | PairCorr |
| 0.8 | BOFA | Bank of America | PairCorr |
| 0.65 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.63 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.52 | NVDA | NVIDIA CDR | PairCorr |
The ability to find closely correlated positions to Nexus 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 Nexus 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 Nexus 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 Nexus Real Estate to buy it.
The correlation of Nexus 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 Nexus Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexus 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 Nexus 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 Nexus Stock
Nexus Real financial ratios help investors to determine whether Nexus 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 Nexus with respect to the benefits of owning Nexus Real security.