Chartwell Retirement Residences Stock Market Value
| CSH-UN Stock | CAD 12.49 0.10 0.79% |
| Symbol | Chartwell |
Chartwell Retirement Price To Book Ratio
Chartwell Retirement '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 Chartwell Retirement'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 Chartwell Retirement.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Chartwell Retirement on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Chartwell Retirement Residences or generate 0.0% return on investment in Chartwell Retirement over 720 days. Chartwell Retirement is related to or competes with Allied Properties, Granite Real, HR Real, and InterRent Real. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seni... More
Chartwell Retirement 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 Chartwell Retirement'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 Chartwell Retirement Residences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.9 |
Chartwell Retirement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chartwell Retirement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chartwell Retirement's standard deviation. In reality, there are many statistical measures that can use Chartwell Retirement historical prices to predict the future Chartwell Retirement's volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 0.0688 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0335 | |||
| Treynor Ratio | 0.1912 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chartwell Retirement'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.
Chartwell Retirement Backtested Returns
We consider Chartwell Retirement very steady. Chartwell Retirement secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chartwell Retirement Residences, which you can use to evaluate the volatility of the firm. Please confirm Chartwell Retirement's mean deviation of 0.8302, and Risk Adjusted Performance of 0.0751 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Chartwell Retirement has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chartwell Retirement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chartwell Retirement is expected to be smaller as well. Chartwell Retirement right now shows a risk of 1.1%. Please confirm Chartwell Retirement value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Chartwell Retirement will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Chartwell Retirement Residences has very good reverse predictability. Overlapping area represents the amount of predictability between Chartwell Retirement time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Chartwell Retirement price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Chartwell Retirement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.67 |
Chartwell Retirement lagged returns against current returns
Autocorrelation, which is Chartwell Retirement 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 Chartwell Retirement's stock expected returns. We can calculate the autocorrelation of Chartwell Retirement returns to help us make a trade decision. For example, suppose you find that Chartwell Retirement 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 |
Chartwell Retirement 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 Chartwell Retirement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chartwell Retirement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chartwell Retirement stock over time.
Current vs Lagged Prices |
| Timeline |
Chartwell Retirement Lagged Returns
When evaluating Chartwell Retirement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chartwell Retirement stock have on its future price. Chartwell Retirement 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, Chartwell Retirement autocorrelation shows the relationship between Chartwell Retirement stock current value and its past values and can show if there is a momentum factor associated with investing in Chartwell Retirement Residences.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chartwell Retirement in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chartwell Retirement's short interest history, or implied volatility extrapolated from Chartwell Retirement options trading.
Pair Trading with Chartwell Retirement
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 Chartwell Retirement 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 Chartwell Retirement will appreciate offsetting losses from the drop in the long position's value.Moving together with Chartwell Stock
| 0.68 | BBD-B | Bombardier Earnings Call Today | PairCorr |
| 0.75 | X | TMX Group Limited | PairCorr |
Moving against Chartwell Stock
| 0.83 | BCE | BCE Inc Earnings Call This Week | PairCorr |
| 0.76 | MGA | Mega Uranium | PairCorr |
| 0.68 | ONEX | Onex Corp | PairCorr |
The ability to find closely correlated positions to Chartwell Retirement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chartwell Retirement 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 Chartwell Retirement - 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 Chartwell Retirement Residences to buy it.
The correlation of Chartwell Retirement 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 Chartwell Retirement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chartwell Retirement 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 Chartwell Retirement 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.Check out Chartwell Retirement Correlation, Chartwell Retirement Volatility and Chartwell Retirement Alpha and Beta module to complement your research on Chartwell Retirement. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Chartwell Stock analysis
When running Chartwell Retirement's price analysis, check to measure Chartwell Retirement's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chartwell Retirement is operating at the current time. Most of Chartwell Retirement's value examination focuses on studying past and present price action to predict the probability of Chartwell Retirement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chartwell Retirement's price. Additionally, you may evaluate how the addition of Chartwell Retirement to your portfolios can decrease your overall portfolio volatility.
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Chartwell Retirement technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.