Dream Residential Real Stock Market Value
| DRR-U Stock | 6.73 0.37 5.21% |
| Symbol | Dream |
Dream Residential Real Company Valuation
Dream Residential '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 Dream Residential'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 Dream Residential.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Dream Residential on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dream Residential Real or generate 0.0% return on investment in Dream Residential over 30 days. Dream Residential is related to or competes with Canadian Apartment, Granite Real, Choice Properties, and HR Real. Dream Residential is entity of Canada. It is traded as Stock on TO exchange. More
Dream Residential 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 Dream Residential'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 Dream Residential Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 3.28 |
Dream Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dream Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dream Residential's standard deviation. In reality, there are many statistical measures that can use Dream Residential historical prices to predict the future Dream Residential's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dream Residential'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.
Dream Residential Real Backtested Returns
Dream Residential Real secures Sharpe Ratio (or Efficiency) of -0.0527, which denotes the company had a -0.0527% return per unit of standard deviation over the last 3 months. Dream Residential Real exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dream Residential's Standard Deviation of 1.78, mean deviation of 1.13, and Coefficient Of Variation of (3,686) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dream Residential's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dream Residential is expected to be smaller as well. At this point, Dream Residential Real has a negative expected return of -0.094%. Please make sure to confirm Dream Residential's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Dream Residential Real performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Dream Residential Real has below average predictability. Overlapping area represents the amount of predictability between Dream Residential time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Dream Residential Real price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Dream Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Dream Residential Real lagged returns against current returns
Autocorrelation, which is Dream Residential 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 Dream Residential's stock expected returns. We can calculate the autocorrelation of Dream Residential returns to help us make a trade decision. For example, suppose you find that Dream Residential 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 |
Dream Residential 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 Dream Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dream Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dream Residential stock over time.
Current vs Lagged Prices |
| Timeline |
Dream Residential Lagged Returns
When evaluating Dream Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dream Residential stock have on its future price. Dream Residential 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, Dream Residential autocorrelation shows the relationship between Dream Residential stock current value and its past values and can show if there is a momentum factor associated with investing in Dream Residential Real.
Regressed Prices |
| Timeline |
Pair Trading with Dream Residential
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 Dream Residential 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 Dream Residential will appreciate offsetting losses from the drop in the long position's value.Moving together with Dream Stock
Moving against Dream Stock
| 0.75 | LCS | Brompton Lifeco Split Split | PairCorr |
| 0.59 | DGS | Dividend Growth Split | PairCorr |
| 0.57 | DF | Dividend 15 Split | PairCorr |
| 0.43 | ESI | Ensign Energy Services | PairCorr |
The ability to find closely correlated positions to Dream Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dream Residential 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 Dream Residential - 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 Dream Residential Real to buy it.
The correlation of Dream Residential 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 Dream Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dream Residential 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 Dream Residential 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.Additional Tools for Dream Stock Analysis
When running Dream Residential's price analysis, check to measure Dream Residential's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dream Residential is operating at the current time. Most of Dream Residential's value examination focuses on studying past and present price action to predict the probability of Dream Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dream Residential's price. Additionally, you may evaluate how the addition of Dream Residential to your portfolios can decrease your overall portfolio volatility.