Definity Financial Corp Stock Market Value
| DFY Stock | 60.84 1.02 1.71% |
| Symbol | Definity |
Definity Financial Corp Price To Book Ratio
Definity Financial '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 Definity Financial'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 Definity Financial.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Definity Financial on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Definity Financial Corp or generate 0.0% return on investment in Definity Financial over 90 days. Definity Financial is related to or competes with Trisura, Pet Valu, Intact Financial, and Topaz Energy. Definity Financial is entity of Canada. It is traded as Stock on TO exchange. More
Definity Financial 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 Definity Financial'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 Definity Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.1077 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.05 |
Definity Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Definity Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Definity Financial's standard deviation. In reality, there are many statistical measures that can use Definity Financial historical prices to predict the future Definity Financial's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.1061 | |||
| Total Risk Alpha | 0.2002 | |||
| Sortino Ratio | 0.1173 | |||
| Treynor Ratio | 0.0513 |
Definity Financial Corp Backtested Returns
As of now, Definity Stock is very steady. Definity Financial Corp secures Sharpe Ratio (or Efficiency) of 0.0547, which denotes the company had a 0.0547 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Definity Financial Corp, which you can use to evaluate the volatility of the firm. Please confirm Definity Financial's Coefficient Of Variation of 3022.08, downside deviation of 1.22, and Mean Deviation of 1.03 to check if the risk estimate we provide is consistent with the expected return of 0.0742%. Definity Financial has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, Definity Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Definity Financial is expected to be smaller as well. Definity Financial Corp right now shows a risk of 1.36%. Please confirm Definity Financial Corp downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Definity Financial Corp will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Definity Financial Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Definity Financial time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Definity Financial Corp price movement. The serial correlation of -0.16 indicates that over 16.0% of current Definity Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Definity Financial Corp lagged returns against current returns
Autocorrelation, which is Definity Financial 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 Definity Financial's stock expected returns. We can calculate the autocorrelation of Definity Financial returns to help us make a trade decision. For example, suppose you find that Definity Financial 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 |
Definity Financial 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 Definity Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Definity Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Definity Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Definity Financial Lagged Returns
When evaluating Definity Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Definity Financial stock have on its future price. Definity Financial 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, Definity Financial autocorrelation shows the relationship between Definity Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Definity Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with Definity Financial
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 Definity Financial 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 Definity Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Definity Stock
Moving against Definity Stock
The ability to find closely correlated positions to Definity Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Definity Financial 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 Definity Financial - 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 Definity Financial Corp to buy it.
The correlation of Definity Financial 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 Definity Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Definity Financial Corp 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 Definity Financial 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 Definity Stock
Definity Financial financial ratios help investors to determine whether Definity 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 Definity with respect to the benefits of owning Definity Financial security.