Yellow Pages Limited Stock Market Value
| Y Stock | CAD 11.31 0.20 1.80% |
| Symbol | Yellow |
Yellow Pages Limited Price To Book Ratio
Yellow Pages '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 Yellow Pages' 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 Yellow Pages.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Yellow Pages on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Yellow Pages Limited or generate 0.0% return on investment in Yellow Pages over 180 days. Yellow Pages is related to or competes with Genesis Land, Madison Pacific, Goodfellow, and Helix BioPharma. Yellow Pages Limited operates as a digital media and marketing solutions company in Canada More
Yellow Pages 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 Yellow Pages' 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 Yellow Pages Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1489 | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.56 |
Yellow Pages Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yellow Pages' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yellow Pages' standard deviation. In reality, there are many statistical measures that can use Yellow Pages historical prices to predict the future Yellow Pages' volatility.| Risk Adjusted Performance | 0.1397 | |||
| Jensen Alpha | 0.2424 | |||
| Total Risk Alpha | 0.203 | |||
| Sortino Ratio | 0.1799 | |||
| Treynor Ratio | 2.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yellow Pages' 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.
Yellow Pages Limited Backtested Returns
Yellow Pages appears to be not too volatile, given 3 months investment horizon. Yellow Pages Limited shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Yellow Pages Limited, which you can use to evaluate the volatility of the company. Please utilize Yellow Pages' Downside Deviation of 1.24, market risk adjusted performance of 2.23, and Mean Deviation of 1.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yellow Pages holds a performance score of 14. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yellow Pages' returns are expected to increase less than the market. However, during the bear market, the loss of holding Yellow Pages is expected to be smaller as well. Please check Yellow Pages' skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Yellow Pages' historical returns will revert.
Auto-correlation | 0.86 |
Very good predictability
Yellow Pages Limited has very good predictability. Overlapping area represents the amount of predictability between Yellow Pages time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Yellow Pages Limited price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Yellow Pages price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Yellow Pages Limited lagged returns against current returns
Autocorrelation, which is Yellow Pages 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 Yellow Pages' stock expected returns. We can calculate the autocorrelation of Yellow Pages returns to help us make a trade decision. For example, suppose you find that Yellow Pages 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 |
Yellow Pages 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 Yellow Pages stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yellow Pages stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yellow Pages stock over time.
Current vs Lagged Prices |
| Timeline |
Yellow Pages Lagged Returns
When evaluating Yellow Pages' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yellow Pages stock have on its future price. Yellow Pages 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, Yellow Pages autocorrelation shows the relationship between Yellow Pages stock current value and its past values and can show if there is a momentum factor associated with investing in Yellow Pages Limited.
Regressed Prices |
| Timeline |
Pair Trading with Yellow Pages
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 Yellow Pages 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 Yellow Pages will appreciate offsetting losses from the drop in the long position's value.Moving together with Yellow Stock
Moving against Yellow Stock
The ability to find closely correlated positions to Yellow Pages could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yellow Pages 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 Yellow Pages - 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 Yellow Pages Limited to buy it.
The correlation of Yellow Pages 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 Yellow Pages moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yellow Pages Limited 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 Yellow Pages 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 Yellow Stock
Yellow Pages financial ratios help investors to determine whether Yellow 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 Yellow with respect to the benefits of owning Yellow Pages security.