Altus Group Limited Stock Market Value
| AIF Stock | CAD 59.52 0.52 0.87% |
| Symbol | Altus |
Altus Group Limited Price To Book Ratio
Altus Group '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 Altus Group'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 Altus Group.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Altus Group on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Altus Group Limited or generate 0.0% return on investment in Altus Group over 90 days. Altus Group is related to or competes with Colliers International, FirstService Corp, Winpak, and Ritchie Bros. Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate i... More
Altus Group 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 Altus Group'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 Altus Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 6.14 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.24 |
Altus Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altus Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altus Group's standard deviation. In reality, there are many statistical measures that can use Altus Group historical prices to predict the future Altus Group's volatility.| Risk Adjusted Performance | 0.1065 | |||
| Jensen Alpha | 0.1114 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.4251 |
Altus Group Limited Backtested Returns
As of now, Altus Stock is very steady. Altus Group Limited secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Altus Group Limited, which you can use to evaluate the volatility of the firm. Please confirm Altus Group's Downside Deviation of 1.08, mean deviation of 0.9444, and Risk Adjusted Performance of 0.1065 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Altus Group has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altus Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altus Group is expected to be smaller as well. Altus Group Limited right now shows a risk of 1.27%. Please confirm Altus Group Limited expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Altus Group Limited will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
Altus Group Limited has below average predictability. Overlapping area represents the amount of predictability between Altus Group time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Altus Group Limited price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Altus Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.36 |
Altus Group Limited lagged returns against current returns
Autocorrelation, which is Altus Group 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 Altus Group's stock expected returns. We can calculate the autocorrelation of Altus Group returns to help us make a trade decision. For example, suppose you find that Altus Group 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 |
Altus Group 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 Altus Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altus Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altus Group stock over time.
Current vs Lagged Prices |
| Timeline |
Altus Group Lagged Returns
When evaluating Altus Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altus Group stock have on its future price. Altus Group 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, Altus Group autocorrelation shows the relationship between Altus Group stock current value and its past values and can show if there is a momentum factor associated with investing in Altus Group Limited.
Regressed Prices |
| Timeline |
Pair Trading with Altus Group
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 Altus Group 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 Altus Group will appreciate offsetting losses from the drop in the long position's value.Moving against Altus Stock
| 0.84 | TGO | TeraGo Inc | PairCorr |
| 0.57 | RHC | Royal Helium | PairCorr |
| 0.48 | VGZ | Vista Gold | PairCorr |
| 0.41 | GPV | GreenPower Motor | PairCorr |
The ability to find closely correlated positions to Altus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Group 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 Altus Group - 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 Altus Group Limited to buy it.
The correlation of Altus Group 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 Altus Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altus Group Limited 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 Altus Group 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 Altus Stock
Altus Group financial ratios help investors to determine whether Altus 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 Altus with respect to the benefits of owning Altus Group security.