Accord Financial Corp Stock Market Value
| ACD Stock | CAD 3.83 0.08 2.13% |
| Symbol | Accord |
Accord Financial Corp Price To Book Ratio
Accord Financial '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 Accord Financial'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 Accord Financial.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Accord Financial on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Accord Financial Corp or generate 0.0% return on investment in Accord Financial over 30 days. Accord Financial is related to or competes with Algoma Central, Clairvest, Clarke, and ADF. Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial e... More
Accord Financial 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 Accord Financial'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 Accord Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.16 |
Accord Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accord Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accord Financial's standard deviation. In reality, there are many statistical measures that can use Accord Financial historical prices to predict the future Accord Financial's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.0161 | |||
| Treynor Ratio | (0.20) |
Accord Financial Corp Backtested Returns
Accord Financial Corp secures Sharpe Ratio (or Efficiency) of -0.0129, which signifies that the company had a -0.0129 % return per unit of standard deviation over the last 3 months. Accord Financial Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accord Financial's mean deviation of 1.68, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Accord Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accord Financial is expected to be smaller as well. At this point, Accord Financial Corp has a negative expected return of -0.0289%. Please make sure to confirm Accord Financial's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Accord Financial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Accord Financial Corp has insignificant predictability. Overlapping area represents the amount of predictability between Accord Financial time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Accord Financial Corp price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Accord Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Accord Financial Corp lagged returns against current returns
Autocorrelation, which is Accord Financial 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 Accord Financial's stock expected returns. We can calculate the autocorrelation of Accord Financial returns to help us make a trade decision. For example, suppose you find that Accord Financial 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 |
Accord Financial 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 Accord Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accord Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accord Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Accord Financial Lagged Returns
When evaluating Accord Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accord Financial stock have on its future price. Accord Financial 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, Accord Financial autocorrelation shows the relationship between Accord Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Accord Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with Accord Financial
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 Accord Financial 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 Accord Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Accord Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accord Financial 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 Accord Financial - 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 Accord Financial Corp to buy it.
The correlation of Accord Financial 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial Corp 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 Accord Financial 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.Other Information on Investing in Accord Stock
Accord Financial financial ratios help investors to determine whether Accord 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 Accord with respect to the benefits of owning Accord Financial security.