Riocan Real Estate Stock Market Value
| REI-UN Stock | CAD 17.70 0.13 0.73% |
| Symbol | RioCan |
RioCan Real Estate Price To Book Ratio
RioCan 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 RioCan 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 RioCan Real.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in RioCan Real on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding RioCan Real Estate or generate 0.0% return on investment in RioCan Real over 30 days. RioCan Real is related to or competes with SmartCentres Real, HR Real, Fortis, Enbridge, and NorthWest Healthcare. RioCan is one of Canadas largest real estate investment trusts More
RioCan 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 RioCan 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 RioCan Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.9 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.06 |
RioCan Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RioCan Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RioCan Real's standard deviation. In reality, there are many statistical measures that can use RioCan Real historical prices to predict the future RioCan Real's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RioCan 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.
RioCan Real Estate Backtested Returns
RioCan Real Estate maintains Sharpe Ratio (i.e., Efficiency) of -0.0259, which implies the firm had a -0.0259% return per unit of risk over the last 3 months. RioCan Real Estate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RioCan Real's Variance of 1.6, coefficient of variation of (2,636), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 1.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RioCan Real will likely underperform. RioCan Real Estate has an expected return of -0.0333%. Please make sure to check RioCan Real Estate skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if RioCan Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
RioCan Real Estate has insignificant predictability. Overlapping area represents the amount of predictability between RioCan Real 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 RioCan Real Estate price movement. The serial correlation of 0.11 indicates that less than 11.0% of current RioCan Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
RioCan Real Estate lagged returns against current returns
Autocorrelation, which is RioCan 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 RioCan Real's stock expected returns. We can calculate the autocorrelation of RioCan Real returns to help us make a trade decision. For example, suppose you find that RioCan 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 |
RioCan 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 RioCan Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RioCan Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RioCan Real stock over time.
Current vs Lagged Prices |
| Timeline |
RioCan Real Lagged Returns
When evaluating RioCan Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RioCan Real stock have on its future price. RioCan 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, RioCan Real autocorrelation shows the relationship between RioCan Real stock current value and its past values and can show if there is a momentum factor associated with investing in RioCan Real Estate.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out RioCan Real Correlation, RioCan Real Volatility and RioCan Real Alpha and Beta module to complement your research on RioCan Real. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for RioCan Stock analysis
When running RioCan Real's price analysis, check to measure RioCan Real'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 RioCan Real is operating at the current time. Most of RioCan Real's value examination focuses on studying past and present price action to predict the probability of RioCan Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RioCan Real's price. Additionally, you may evaluate how the addition of RioCan Real to your portfolios can decrease your overall portfolio volatility.
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RioCan Real 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.