Boardwalk Real Estate Stock Market Value
| BEI-UN Stock | CAD 64.13 0.46 0.71% |
| Symbol | Boardwalk |
Boardwalk Real Estate Price To Book Ratio
Boardwalk Real '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 Boardwalk Real'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 Boardwalk Real.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Boardwalk Real on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Boardwalk Real Estate or generate 0.0% return on investment in Boardwalk Real over 30 days. Boardwalk Real is related to or competes with Canadian Apartment, Dream Office, Artis Real, Allied Properties, and Crombie Real. Boardwalk REIT strives to be Canadas friendliest communities and currently owns and operates more than 200 communities w... More
Boardwalk Real 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 Boardwalk Real'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 Boardwalk Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.03 |
Boardwalk Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boardwalk Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boardwalk Real's standard deviation. In reality, there are many statistical measures that can use Boardwalk Real historical prices to predict the future Boardwalk Real's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boardwalk Real'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.
Boardwalk Real Estate Backtested Returns
Boardwalk Real Estate secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of standard deviation over the last 3 months. Boardwalk Real Estate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boardwalk Real's risk adjusted performance of (0.06), and Mean Deviation of 0.9806 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Boardwalk Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boardwalk Real is expected to be smaller as well. At this point, Boardwalk Real Estate has a negative expected return of -0.16%. Please make sure to confirm Boardwalk Real's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Boardwalk Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Boardwalk Real Estate has weak reverse predictability. Overlapping area represents the amount of predictability between Boardwalk Real time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Boardwalk Real Estate price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Boardwalk Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Boardwalk Real Estate lagged returns against current returns
Autocorrelation, which is Boardwalk Real 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 Boardwalk Real's stock expected returns. We can calculate the autocorrelation of Boardwalk Real returns to help us make a trade decision. For example, suppose you find that Boardwalk Real 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 |
Boardwalk Real 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 Boardwalk Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boardwalk Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boardwalk Real stock over time.
Current vs Lagged Prices |
| Timeline |
Boardwalk Real Lagged Returns
When evaluating Boardwalk Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boardwalk Real stock have on its future price. Boardwalk Real 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, Boardwalk Real autocorrelation shows the relationship between Boardwalk Real stock current value and its past values and can show if there is a momentum factor associated with investing in Boardwalk Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Boardwalk Real
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 Boardwalk Real 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 Boardwalk Real will appreciate offsetting losses from the drop in the long position's value.Moving against Boardwalk Stock
| 0.74 | SOU | Southern Energy Corp | PairCorr |
| 0.72 | ECN | ECN Capital Corp | PairCorr |
| 0.68 | GOOG | Alphabet CDR | PairCorr |
| 0.59 | CAE | CAE Inc | PairCorr |
| 0.34 | LOU | Lucero Energy Corp | PairCorr |
The ability to find closely correlated positions to Boardwalk Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boardwalk Real 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 Boardwalk Real - 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 Boardwalk Real Estate to buy it.
The correlation of Boardwalk Real 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 Boardwalk Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boardwalk Real Estate 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 Boardwalk Real 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 Boardwalk Stock
Boardwalk Real financial ratios help investors to determine whether Boardwalk 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 Boardwalk with respect to the benefits of owning Boardwalk Real security.