Colliers International Group Stock Market Value
| CIGI Stock | CAD 214.53 1.25 0.59% |
| Symbol | Colliers |
Colliers International Price To Book Ratio
Colliers International '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 Colliers International'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 Colliers International.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Colliers International on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Colliers International Group or generate 0.0% return on investment in Colliers International over 30 days. Colliers International is related to or competes with FirstService Corp, Altus Group, Ritchie Bros, and Winpak. Colliers International Group Inc. provides commercial real estate services to corporate and institutional clients in the... More
Colliers International 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 Colliers International'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 Colliers International Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0295 | |||
| Maximum Drawdown | 8.4 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.14 |
Colliers International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colliers International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colliers International's standard deviation. In reality, there are many statistical measures that can use Colliers International historical prices to predict the future Colliers International's volatility.| Risk Adjusted Performance | 0.0919 | |||
| Jensen Alpha | 0.0649 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0359 | |||
| Treynor Ratio | 0.1942 |
Colliers International Backtested Returns
As of now, Colliers Stock is very steady. Colliers International 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. We have found thirty technical indicators for Colliers International Group, which you can use to evaluate the volatility of the firm. Please confirm Colliers International's Risk Adjusted Performance of 0.0919, mean deviation of 1.08, and Downside Deviation of 1.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Colliers International has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Colliers International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Colliers International is expected to be smaller as well. Colliers International right now shows a risk of 1.47%. Please confirm Colliers International coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Colliers International will be following its price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Colliers International Group has weak reverse predictability. Overlapping area represents the amount of predictability between Colliers International time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Colliers International price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Colliers International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 41.53 |
Colliers International lagged returns against current returns
Autocorrelation, which is Colliers International 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 Colliers International's stock expected returns. We can calculate the autocorrelation of Colliers International returns to help us make a trade decision. For example, suppose you find that Colliers International 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 |
Colliers International 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 Colliers International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colliers International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colliers International stock over time.
Current vs Lagged Prices |
| Timeline |
Colliers International Lagged Returns
When evaluating Colliers International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colliers International stock have on its future price. Colliers International 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, Colliers International autocorrelation shows the relationship between Colliers International stock current value and its past values and can show if there is a momentum factor associated with investing in Colliers International Group.
Regressed Prices |
| Timeline |
Pair Trading with Colliers International
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 Colliers International 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 Colliers International will appreciate offsetting losses from the drop in the long position's value.Moving against Colliers Stock
The ability to find closely correlated positions to Colliers International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Colliers International 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 Colliers International - 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 Colliers International Group to buy it.
The correlation of Colliers International 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 Colliers International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colliers International 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 Colliers International 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.Check out Colliers International Correlation, Colliers International Volatility and Colliers International Alpha and Beta module to complement your research on Colliers International. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Colliers International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.