Yorkton Equity Group Stock Market Value
| YEG Stock | CAD 0.18 0.01 5.88% |
| Symbol | Yorkton |
Yorkton Equity '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 Yorkton Equity'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 Yorkton Equity.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Yorkton Equity on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Yorkton Equity Group or generate 0.0% return on investment in Yorkton Equity over 720 days. Yorkton Equity is related to or competes with Andlauer HealthcareGr, Colliers International, Stingray, and Quarterhill. Yorkton Equity Group Inc. operates as a real estate development company in Canada More
Yorkton Equity 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 Yorkton Equity'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 Yorkton Equity Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.15 | |||
| Information Ratio | 0.0771 | |||
| Maximum Drawdown | 47.74 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 14.29 |
Yorkton Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yorkton Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yorkton Equity's standard deviation. In reality, there are many statistical measures that can use Yorkton Equity historical prices to predict the future Yorkton Equity's volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.7206 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yorkton Equity'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.
Yorkton Equity Group Backtested Returns
Yorkton Equity appears to be out of control, given 3 months investment horizon. Yorkton Equity Group shows Sharpe Ratio of 0.077, which attests that the company had a 0.077% return per unit of risk over the last 3 months. By examining Yorkton Equity's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Yorkton Equity's Mean Deviation of 3.59, market risk adjusted performance of (0.44), and Downside Deviation of 15.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yorkton Equity holds a performance score of 6. The firm maintains a market beta of -1.37, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Yorkton Equity are expected to decrease by larger amounts. On the other hand, during market turmoil, Yorkton Equity is expected to outperform it. Please check Yorkton Equity's potential upside, as well as the relationship between the skewness and day median price , to make a quick decision on whether Yorkton Equity's historical returns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Yorkton Equity Group has virtually no predictability. Overlapping area represents the amount of predictability between Yorkton Equity 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 Yorkton Equity Group price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Yorkton Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yorkton Equity Group lagged returns against current returns
Autocorrelation, which is Yorkton Equity 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 Yorkton Equity's stock expected returns. We can calculate the autocorrelation of Yorkton Equity returns to help us make a trade decision. For example, suppose you find that Yorkton Equity 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 |
Yorkton Equity 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 Yorkton Equity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yorkton Equity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yorkton Equity stock over time.
Current vs Lagged Prices |
| Timeline |
Yorkton Equity Lagged Returns
When evaluating Yorkton Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yorkton Equity stock have on its future price. Yorkton Equity 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, Yorkton Equity autocorrelation shows the relationship between Yorkton Equity stock current value and its past values and can show if there is a momentum factor associated with investing in Yorkton Equity Group.
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 Yorkton Equity 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, Yorkton Equity's short interest history, or implied volatility extrapolated from Yorkton Equity options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Yorkton Equity Correlation, Yorkton Equity Volatility and Yorkton Equity Alpha and Beta module to complement your research on Yorkton Equity. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Yorkton Stock analysis
When running Yorkton Equity's price analysis, check to measure Yorkton Equity'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 Yorkton Equity is operating at the current time. Most of Yorkton Equity's value examination focuses on studying past and present price action to predict the probability of Yorkton Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yorkton Equity's price. Additionally, you may evaluate how the addition of Yorkton Equity to your portfolios can decrease your overall portfolio volatility.
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Yorkton Equity 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.