Plaza Retail Reit Stock Market Value
| PLZ-UN Stock | CAD 3.72 0.04 1.06% |
| Symbol | Plaza |
Plaza Retail REIT Price To Book Ratio
Plaza Retail '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 Plaza Retail'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 Plaza Retail.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Plaza Retail on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Plaza Retail REIT or generate 0.0% return on investment in Plaza Retail over 720 days. Plaza Retail is related to or competes with Slate Office, Automotive Properties, BTB Real, CT Real, and Choice Properties. Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ont... More
Plaza Retail 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 Plaza Retail'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 Plaza Retail REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7318 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.36 |
Plaza Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plaza Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plaza Retail's standard deviation. In reality, there are many statistical measures that can use Plaza Retail historical prices to predict the future Plaza Retail's volatility.| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plaza Retail'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.
Plaza Retail REIT Backtested Returns
Plaza Retail REIT maintains Sharpe Ratio (i.e., Efficiency) of -0.0021, which implies the firm had a -0.0021% return per unit of risk over the last 3 months. Plaza Retail REIT exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plaza Retail's Risk Adjusted Performance of 0.0151, semi deviation of 0.5845, and Coefficient Of Variation of 4973.38 to confirm the risk estimate we provide. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Plaza Retail are expected to decrease at a much lower rate. During the bear market, Plaza Retail is likely to outperform the market. At this point, Plaza Retail REIT has a negative expected return of -0.0015%. Please make sure to check Plaza Retail's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Plaza Retail REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Plaza Retail REIT has very good reverse predictability. Overlapping area represents the amount of predictability between Plaza Retail time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Plaza Retail REIT price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Plaza Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Plaza Retail REIT lagged returns against current returns
Autocorrelation, which is Plaza Retail 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 Plaza Retail's stock expected returns. We can calculate the autocorrelation of Plaza Retail returns to help us make a trade decision. For example, suppose you find that Plaza Retail 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 |
Plaza Retail 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 Plaza Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plaza Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plaza Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Plaza Retail Lagged Returns
When evaluating Plaza Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plaza Retail stock have on its future price. Plaza Retail 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, Plaza Retail autocorrelation shows the relationship between Plaza Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Plaza Retail REIT.
Regressed Prices |
| Timeline |
Pair Trading with Plaza Retail
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 Plaza Retail 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 Plaza Retail will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Plaza Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plaza Retail 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 Plaza Retail - 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 Plaza Retail REIT to buy it.
The correlation of Plaza Retail 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 Plaza Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plaza Retail REIT 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 Plaza Retail 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 Plaza Stock
Plaza Retail financial ratios help investors to determine whether Plaza 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 Plaza with respect to the benefits of owning Plaza Retail security.