Smartcentres Real Estate Stock Market Value
| SRU-UN Stock | CAD 25.71 0.01 0.04% |
| Symbol | SmartCentres |
SmartCentres Real Estate Price To Book Ratio
SmartCentres 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 SmartCentres 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 SmartCentres Real.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in SmartCentres Real on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding SmartCentres Real Estate or generate 0.0% return on investment in SmartCentres Real over 540 days. SmartCentres Real is related to or competes with RioCan Real, NorthWest Healthcare, HR Real, Choice Properties, and Granite Real. SmartCentres Real Estate Investment Trust is one of Canadas largest fully integrated REITs, with a best-in-class portfol... More
SmartCentres 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 SmartCentres 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 SmartCentres Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7619 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.56 |
SmartCentres Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartCentres Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartCentres Real's standard deviation. In reality, there are many statistical measures that can use SmartCentres Real historical prices to predict the future SmartCentres Real's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SmartCentres 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.
SmartCentres Real Estate Backtested Returns
At this point, SmartCentres Real is very steady. SmartCentres Real Estate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0148, which indicates the firm had a 0.0148% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SmartCentres Real Estate, which you can use to evaluate the volatility of the company. Please validate SmartCentres Real's Coefficient Of Variation of 14323.11, risk adjusted performance of 0.0066, and Semi Deviation of 0.7362 to confirm if the risk estimate we provide is consistent with the expected return of 0.0131%. SmartCentres Real has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SmartCentres Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding SmartCentres Real is expected to be smaller as well. SmartCentres Real Estate right now has a risk of 0.88%. Please validate SmartCentres Real downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if SmartCentres Real will be following its existing price patterns.
Auto-correlation | 0.50 |
Modest predictability
SmartCentres Real Estate has modest predictability. Overlapping area represents the amount of predictability between SmartCentres Real time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 SmartCentres Real Estate price movement. The serial correlation of 0.5 indicates that about 50.0% of current SmartCentres Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 3.41 |
SmartCentres Real Estate lagged returns against current returns
Autocorrelation, which is SmartCentres 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 SmartCentres Real's stock expected returns. We can calculate the autocorrelation of SmartCentres Real returns to help us make a trade decision. For example, suppose you find that SmartCentres 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 |
SmartCentres 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 SmartCentres Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartCentres Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartCentres Real stock over time.
Current vs Lagged Prices |
| Timeline |
SmartCentres Real Lagged Returns
When evaluating SmartCentres Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartCentres Real stock have on its future price. SmartCentres 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, SmartCentres Real autocorrelation shows the relationship between SmartCentres Real stock current value and its past values and can show if there is a momentum factor associated with investing in SmartCentres Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with SmartCentres 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 SmartCentres 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 SmartCentres Real will appreciate offsetting losses from the drop in the long position's value.Moving against SmartCentres Stock
| 0.62 | NVDA | NVIDIA CDR | PairCorr |
| 0.6 | GOOG | Alphabet CDR | PairCorr |
| 0.47 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.47 | VISA | Visa Inc CDR | PairCorr |
| 0.45 | TSLA | Tesla Inc CDR | PairCorr |
The ability to find closely correlated positions to SmartCentres 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 SmartCentres 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 SmartCentres 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 SmartCentres Real Estate to buy it.
The correlation of SmartCentres 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 SmartCentres Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartCentres 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 SmartCentres 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 SmartCentres Stock
SmartCentres Real financial ratios help investors to determine whether SmartCentres 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 SmartCentres with respect to the benefits of owning SmartCentres Real security.