Stantec Stock Market Value
| STN Stock | CAD 110.94 0.36 0.33% |
| Symbol | Stantec |
Stantec Price To Book Ratio
Stantec '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 Stantec'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 Stantec.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Stantec on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Stantec or generate 0.0% return on investment in Stantec over 30 days. Stantec is related to or competes with Toromont Industries, WSP Global, Ritchie Bros, Stella Jones, and Finning International. Stantec Inc. provides professional consulting services in the area of infrastructure and facilities for clients in the p... More
Stantec 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 Stantec'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 Stantec upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9619 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.69 |
Stantec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stantec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stantec's standard deviation. In reality, there are many statistical measures that can use Stantec historical prices to predict the future Stantec's volatility.| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0664 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stantec'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.
Stantec Backtested Returns
We consider Stantec very steady. Stantec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0381, which indicates the firm had a 0.0381% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Stantec, which you can use to evaluate the volatility of the company. Please validate Stantec's Semi Deviation of 0.8465, coefficient of variation of 2190.36, and Risk Adjusted Performance of 0.032 to confirm if the risk estimate we provide is consistent with the expected return of 0.0379%. Stantec has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stantec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stantec is expected to be smaller as well. Stantec right now has a risk of 0.99%. Please validate Stantec downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Stantec will be following its existing price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Stantec has very weak reverse predictability. Overlapping area represents the amount of predictability between Stantec time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Stantec price movement. The serial correlation of -0.03 indicates that only 3.0% of current Stantec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Stantec lagged returns against current returns
Autocorrelation, which is Stantec 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 Stantec's stock expected returns. We can calculate the autocorrelation of Stantec returns to help us make a trade decision. For example, suppose you find that Stantec 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 |
Stantec 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 Stantec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stantec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stantec stock over time.
Current vs Lagged Prices |
| Timeline |
Stantec Lagged Returns
When evaluating Stantec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stantec stock have on its future price. Stantec 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, Stantec autocorrelation shows the relationship between Stantec stock current value and its past values and can show if there is a momentum factor associated with investing in Stantec.
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 Stantec 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, Stantec's short interest history, or implied volatility extrapolated from Stantec options trading.
Currently Active Assets on Macroaxis
When determining whether Stantec offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stantec's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stantec Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stantec Stock:Check out Stantec Correlation, Stantec Volatility and Stantec Alpha and Beta module to complement your research on Stantec. To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Stantec Stock analysis
When running Stantec's price analysis, check to measure Stantec'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 Stantec is operating at the current time. Most of Stantec's value examination focuses on studying past and present price action to predict the probability of Stantec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stantec's price. Additionally, you may evaluate how the addition of Stantec to your portfolios can decrease your overall portfolio volatility.
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Stantec 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.