Altus Group Limited Stock Market Value
| AIF Stock | CAD 51.57 0.04 0.08% |
| Symbol | Altus |
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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Altus Group on December 17, 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.89 |
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 | (0.11) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.91) |
Altus Group Limited Backtested Returns
Altus Group Limited secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of risk over the last 3 months. Altus Group Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altus Group's Risk Adjusted Performance of (0.11), standard deviation of 1.16, and Mean Deviation of 0.901 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. 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. At this point, Altus Group Limited has a negative expected return of -0.15%. Please make sure to confirm Altus Group's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Altus Group Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Altus Group Limited has good reverse predictability. Overlapping area represents the amount of predictability between Altus Group time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Altus Group Limited price movement. The serial correlation of -0.54 indicates that about 54.0% of current Altus Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 7.78 |
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 together with Altus Stock
| 0.72 | JPM | JPMorgan Chase | PairCorr |
| 0.81 | BOFA | Bank of America | PairCorr |
| 0.67 | CITI | CITIGROUP CDR | PairCorr |
| 0.73 | RY | Royal Bank | PairCorr |
Moving against Altus Stock
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.