Pizza Pizza Royalty Stock Market Value
| PZA Stock | CAD 13.27 0.07 0.53% |
| Symbol | Pizza |
Pizza Pizza Royalty Price To Book Ratio
Pizza Pizza '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 Pizza Pizza'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 Pizza Pizza.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Pizza Pizza on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Pizza Pizza Royalty or generate 0.0% return on investment in Pizza Pizza over 720 days. Pizza Pizza is related to or competes with Boston Pizza, NorthWest Healthcare, Keg Royalties, and Rogers Sugar. Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick se... More
Pizza Pizza 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 Pizza Pizza'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 Pizza Pizza Royalty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7564 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.05 |
Pizza Pizza Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pizza Pizza's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pizza Pizza's standard deviation. In reality, there are many statistical measures that can use Pizza Pizza historical prices to predict the future Pizza Pizza's volatility.| Risk Adjusted Performance | 0.0856 | |||
| Jensen Alpha | 0.0409 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.3081 |
Pizza Pizza Royalty Backtested Returns
As of now, Pizza Stock is very steady. Pizza Pizza Royalty maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pizza Pizza Royalty, which you can use to evaluate the volatility of the company. Please check Pizza Pizza's Risk Adjusted Performance of 0.0856, semi deviation of 0.6073, and Coefficient Of Variation of 884.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Pizza Pizza has a performance score of 14 on a scale of 0 to 100. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pizza Pizza's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pizza Pizza is expected to be smaller as well. Pizza Pizza Royalty right now holds a risk of 0.68%. Please check Pizza Pizza Royalty accumulation distribution, and the relationship between the semi variance and day typical price , to decide if Pizza Pizza Royalty will be following its historical price patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Pizza Pizza Royalty has good reverse predictability. Overlapping area represents the amount of predictability between Pizza Pizza time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Pizza Pizza Royalty price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Pizza Pizza price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Pizza Pizza Royalty lagged returns against current returns
Autocorrelation, which is Pizza Pizza 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 Pizza Pizza's stock expected returns. We can calculate the autocorrelation of Pizza Pizza returns to help us make a trade decision. For example, suppose you find that Pizza Pizza 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 |
Pizza Pizza 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 Pizza Pizza stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pizza Pizza stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pizza Pizza stock over time.
Current vs Lagged Prices |
| Timeline |
Pizza Pizza Lagged Returns
When evaluating Pizza Pizza's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pizza Pizza stock have on its future price. Pizza Pizza 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, Pizza Pizza autocorrelation shows the relationship between Pizza Pizza stock current value and its past values and can show if there is a momentum factor associated with investing in Pizza Pizza Royalty.
Regressed Prices |
| Timeline |
Pair Trading with Pizza Pizza
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 Pizza Pizza 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 Pizza Pizza will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pizza Pizza could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pizza Pizza 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 Pizza Pizza - 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 Pizza Pizza Royalty to buy it.
The correlation of Pizza Pizza 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 Pizza Pizza moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pizza Pizza Royalty 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 Pizza Pizza 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 Pizza Stock
Pizza Pizza financial ratios help investors to determine whether Pizza 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 Pizza with respect to the benefits of owning Pizza Pizza security.