Tricon Capital Group Stock Market Value
| TCN Stock | CAD 15.17 0.06 0.39% |
| Symbol | Tricon |
Tricon Capital Group Price To Book Ratio
Tricon Capital '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 Tricon Capital'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 Tricon Capital.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Tricon Capital on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Tricon Capital Group or generate 0.0% return on investment in Tricon Capital over 720 days. Tricon Capital is related to or competes with BSR Real, Nexus Real, European Residential, and Minto Apartment. Tricon Capital Group Inc. is a principal investor and asset manager primarily focused on rental housing in North America More
Tricon Capital 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 Tricon Capital'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 Tricon Capital Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.606 | |||
| Information Ratio | 0.0976 | |||
| Maximum Drawdown | 28.03 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.7348 |
Tricon Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tricon Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tricon Capital's standard deviation. In reality, there are many statistical measures that can use Tricon Capital historical prices to predict the future Tricon Capital's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | 0.3591 | |||
| Total Risk Alpha | 0.0681 | |||
| Sortino Ratio | 0.5472 | |||
| Treynor Ratio | 0.7351 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tricon Capital'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.
Tricon Capital Group Backtested Returns
We consider Tricon Capital very steady. Tricon Capital Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0934, which indicates the firm had a 0.0934% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tricon Capital Group, which you can use to evaluate the volatility of the company. Please validate Tricon Capital's Standard Deviation of 3.4, risk adjusted performance of 0.081, and Downside Deviation of 0.606 to confirm if the risk estimate we provide is consistent with the expected return of 0.0345%. Tricon Capital has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tricon Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tricon Capital is expected to be smaller as well. Tricon Capital Group right now has a risk of 0.37%. Please validate Tricon Capital downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Tricon Capital will be following its existing price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Tricon Capital Group has poor reverse predictability. Overlapping area represents the amount of predictability between Tricon Capital time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th 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 Tricon Capital Group price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Tricon Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3.66 |
Tricon Capital Group lagged returns against current returns
Autocorrelation, which is Tricon Capital 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 Tricon Capital's stock expected returns. We can calculate the autocorrelation of Tricon Capital returns to help us make a trade decision. For example, suppose you find that Tricon Capital 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 |
Tricon Capital 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 Tricon Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tricon Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tricon Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Tricon Capital Lagged Returns
When evaluating Tricon Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tricon Capital stock have on its future price. Tricon Capital 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, Tricon Capital autocorrelation shows the relationship between Tricon Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Tricon Capital Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tricon Capital Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tricon Capital'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 Tricon Capital Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tricon Capital Group Stock:Check out Tricon Capital Correlation, Tricon Capital Volatility and Tricon Capital Alpha and Beta module to complement your research on Tricon Capital. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Tricon Stock analysis
When running Tricon Capital's price analysis, check to measure Tricon Capital'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 Tricon Capital is operating at the current time. Most of Tricon Capital's value examination focuses on studying past and present price action to predict the probability of Tricon Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tricon Capital's price. Additionally, you may evaluate how the addition of Tricon Capital to your portfolios can decrease your overall portfolio volatility.
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Tricon Capital 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.