Morguard North American Stock Market Value

MRG-UN Stock  CAD 18.20  0.11  0.60%   
Morguard North's market value is the price at which a share of Morguard North trades on a public exchange. It measures the collective expectations of Morguard North American investors about its performance. Morguard North is trading at 18.20 as of the 14th of November 2024, a 0.6 percent down since the beginning of the trading day. The stock's open price was 18.31.
With this module, you can estimate the performance of a buy and hold strategy of Morguard North American and determine expected loss or profit from investing in Morguard North over a given investment horizon. Check out Morguard North Correlation, Morguard North Volatility and Morguard North Alpha and Beta module to complement your research on Morguard North.
Symbol

Morguard North American Price To Book Ratio

Please note, there is a significant difference between Morguard North's value and its price as these two are different measures arrived at by different means. Investors typically determine if Morguard North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Morguard North's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Morguard North '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 Morguard North'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 Morguard North.
0.00
05/18/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/14/2024
0.00
If you would invest  0.00  in Morguard North on May 18, 2024 and sell it all today you would earn a total of 0.00 from holding Morguard North American or generate 0.0% return on investment in Morguard North over 180 days. Morguard North is related to or competes with Berkshire Hathaway, Microsoft Corp, Apple, Alphabet, Amazon CDR, Meta Platforms, and Exxon. The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the... More

Morguard North 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 Morguard North'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 Morguard North American upside and downside potential and time the market with a certain degree of confidence.

Morguard North Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Morguard North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morguard North's standard deviation. In reality, there are many statistical measures that can use Morguard North historical prices to predict the future Morguard North's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Morguard North'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.
Hype
Prediction
LowEstimatedHigh
16.8118.2819.75
Details
Intrinsic
Valuation
LowRealHigh
13.8615.3320.14
Details
Naive
Forecast
LowNextHigh
16.8018.2719.74
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.511.511.51
Details

Morguard North American Backtested Returns

At this point, Morguard North is very steady. Morguard North American has Sharpe Ratio of 0.0782, which conveys that the firm had a 0.0782% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Morguard North, which you can use to evaluate the volatility of the firm. Please verify Morguard North's Risk Adjusted Performance of 0.0927, mean deviation of 1.18, and Downside Deviation of 1.3 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Morguard North has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Morguard North are expected to decrease at a much lower rate. During the bear market, Morguard North is likely to outperform the market. Morguard North American right now secures a risk of 1.47%. Please verify Morguard North American semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Morguard North American will be following its current price movements.

Auto-correlation

    
  -0.07  

Very weak reverse predictability

Morguard North American has very weak reverse predictability. Overlapping area represents the amount of predictability between Morguard North time series from 18th of May 2024 to 16th of August 2024 and 16th of August 2024 to 14th of November 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 Morguard North American price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Morguard North price fluctuation can be explain by its past prices.
Correlation Coefficient-0.07
Spearman Rank Test-0.06
Residual Average0.0
Price Variance0.32

Morguard North American lagged returns against current returns

Autocorrelation, which is Morguard North 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 Morguard North's stock expected returns. We can calculate the autocorrelation of Morguard North returns to help us make a trade decision. For example, suppose you find that Morguard North 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  

Morguard North 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 Morguard North stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morguard North stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morguard North stock over time.
   Current vs Lagged Prices   
       Timeline  

Morguard North Lagged Returns

When evaluating Morguard North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morguard North stock have on its future price. Morguard North 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, Morguard North autocorrelation shows the relationship between Morguard North stock current value and its past values and can show if there is a momentum factor associated with investing in Morguard North American.
   Regressed Prices   
       Timeline  

Pair Trading with Morguard North

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 Morguard North 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 Morguard North will appreciate offsetting losses from the drop in the long position's value.

Moving together with Morguard Stock

  0.71RY Royal BankPairCorr
The ability to find closely correlated positions to Morguard North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard North 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 Morguard North - 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 Morguard North American to buy it.
The correlation of Morguard North 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 Morguard North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American 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 Morguard North 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Morguard Stock

Morguard North financial ratios help investors to determine whether Morguard 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 Morguard with respect to the benefits of owning Morguard North security.