Sienna Senior Living Stock Market Value
SIA Stock | CAD 16.99 0.05 0.30% |
Symbol | Sienna |
Sienna Senior Living Price To Book Ratio
Sienna Senior '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 Sienna Senior'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 Sienna Senior.
05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Sienna Senior on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Sienna Senior Living or generate 0.0% return on investment in Sienna Senior over 570 days. Sienna Senior is related to or competes with Extendicare, Chartwell Retirement, NorthWest Healthcare, Dream Industrial, and Exchange Income. Sienna Senior Living Inc., through its subsidiaries, provides senior housing and long-term care services in Canada More
Sienna Senior 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 Sienna Senior'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 Sienna Senior Living upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.13 | |||
Information Ratio | 0.0604 | |||
Maximum Drawdown | 5.89 | |||
Value At Risk | (1.50) | |||
Potential Upside | 1.75 |
Sienna Senior Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sienna Senior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sienna Senior's standard deviation. In reality, there are many statistical measures that can use Sienna Senior historical prices to predict the future Sienna Senior's volatility.Risk Adjusted Performance | 0.1412 | |||
Jensen Alpha | 0.169 | |||
Total Risk Alpha | 0.0215 | |||
Sortino Ratio | 0.0556 | |||
Treynor Ratio | 2.23 |
Sienna Senior Living Backtested Returns
As of now, Sienna Stock is very steady. Sienna Senior Living owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sienna Senior Living, which you can use to evaluate the volatility of the company. Please validate Sienna Senior's Risk Adjusted Performance of 0.1412, semi deviation of 0.8754, and Coefficient Of Variation of 553.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Sienna Senior has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.0799, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sienna Senior's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sienna Senior is expected to be smaller as well. Sienna Senior Living right now has a risk of 1.05%. Please validate Sienna Senior standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Sienna Senior will be following its existing price patterns.
Auto-correlation | 0.44 |
Average predictability
Sienna Senior Living has average predictability. Overlapping area represents the amount of predictability between Sienna Senior time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Sienna Senior Living price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Sienna Senior price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.44 | |
Spearman Rank Test | 0.35 | |
Residual Average | 0.0 | |
Price Variance | 2.6 |
Sienna Senior Living lagged returns against current returns
Autocorrelation, which is Sienna Senior 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 Sienna Senior's stock expected returns. We can calculate the autocorrelation of Sienna Senior returns to help us make a trade decision. For example, suppose you find that Sienna Senior 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 |
Sienna Senior 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 Sienna Senior stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sienna Senior stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sienna Senior stock over time.
Current vs Lagged Prices |
Timeline |
Sienna Senior Lagged Returns
When evaluating Sienna Senior's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sienna Senior stock have on its future price. Sienna Senior 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, Sienna Senior autocorrelation shows the relationship between Sienna Senior stock current value and its past values and can show if there is a momentum factor associated with investing in Sienna Senior Living.
Regressed Prices |
Timeline |
Pair Trading with Sienna Senior
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 Sienna Senior 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 Sienna Senior will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sienna Senior could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sienna Senior 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 Sienna Senior - 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 Sienna Senior Living to buy it.
The correlation of Sienna Senior 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 Sienna Senior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sienna Senior Living 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 Sienna Senior 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 Sienna Stock
Sienna Senior financial ratios help investors to determine whether Sienna 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 Sienna with respect to the benefits of owning Sienna Senior security.