Choice Properties Real Stock Market Value
| CHP-UN Stock | CAD 13.84 0.12 0.87% |
| Symbol | Choice |
Choice Properties Real Price To Book Ratio
Choice Properties '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 Choice Properties' 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 Choice Properties.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Choice Properties on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Choice Properties Real or generate 0.0% return on investment in Choice Properties over 90 days. Choice Properties is related to or competes with CT Real, Crombie Real, Allied Properties, Dream Industrial, and Granite Real. Choice Properties, Canadas preeminent diversified real estate investment trust, is the owner, manager and developer of a... More
Choice Properties 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 Choice Properties' 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 Choice Properties Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.1128 | |||
| Maximum Drawdown | 6.46 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.44 |
Choice Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Choice Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Choice Properties' standard deviation. In reality, there are many statistical measures that can use Choice Properties historical prices to predict the future Choice Properties' volatility.| Risk Adjusted Performance | 0.0142 | |||
| Jensen Alpha | 0.0443 | |||
| Total Risk Alpha | 0.1314 | |||
| Sortino Ratio | 0.1119 | |||
| Treynor Ratio | 0.0135 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Choice Properties' 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.
Choice Properties Real Backtested Returns
At this point, Choice Properties is very steady. Choice Properties Real secures Sharpe Ratio (or Efficiency) of 0.0154, which signifies that the company had a 0.0154 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Choice Properties Real, which you can use to evaluate the volatility of the firm. Please confirm Choice Properties' Risk Adjusted Performance of 0.0142, downside deviation of 1.02, and Mean Deviation of 0.6829 to double-check if the risk estimate we provide is consistent with the expected return of 0.016%. Choice Properties has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Choice Properties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Choice Properties is expected to be smaller as well. Choice Properties Real right now shows a risk of 1.04%. Please confirm Choice Properties Real sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Choice Properties Real will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Choice Properties Real has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Choice Properties 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 Choice Properties Real price movement. The serial correlation of -0.75 indicates that around 75.0% of current Choice Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Choice Properties Real lagged returns against current returns
Autocorrelation, which is Choice Properties 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 Choice Properties' stock expected returns. We can calculate the autocorrelation of Choice Properties returns to help us make a trade decision. For example, suppose you find that Choice Properties 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 |
Choice Properties 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 Choice Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Choice Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Choice Properties stock over time.
Current vs Lagged Prices |
| Timeline |
Choice Properties Lagged Returns
When evaluating Choice Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Choice Properties stock have on its future price. Choice Properties 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, Choice Properties autocorrelation shows the relationship between Choice Properties stock current value and its past values and can show if there is a momentum factor associated with investing in Choice Properties Real.
Regressed Prices |
| Timeline |
Pair Trading with Choice Properties
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 Choice Properties 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 Choice Properties will appreciate offsetting losses from the drop in the long position's value.Moving against Choice Stock
| 0.73 | MATE | Blockmate Ventures | PairCorr |
| 0.72 | CMC | Cielo Waste Solutions | PairCorr |
| 0.48 | AEMC | Alaska Energy Metals | PairCorr |
The ability to find closely correlated positions to Choice Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choice Properties 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 Choice Properties - 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 Choice Properties Real to buy it.
The correlation of Choice Properties 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 Choice Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Choice Properties Real 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 Choice Properties 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 Choice Stock
Choice Properties financial ratios help investors to determine whether Choice 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 Choice with respect to the benefits of owning Choice Properties security.