Emera Pref A Preferred Stock Market Value

EMA-PA Preferred Stock  CAD 16.25  0.10  0.62%   
Emera Pref's market value is the price at which a share of Emera Pref trades on a public exchange. It measures the collective expectations of Emera Pref A investors about its performance. Emera Pref is trading at 16.25 as of the 22nd of December 2024, a 0.62% up since the beginning of the trading day. The preferred stock's open price was 16.15.
With this module, you can estimate the performance of a buy and hold strategy of Emera Pref A and determine expected loss or profit from investing in Emera Pref over a given investment horizon. Check out Emera Pref Correlation, Emera Pref Volatility and Emera Pref Alpha and Beta module to complement your research on Emera Pref.
Symbol

Please note, there is a significant difference between Emera Pref's value and its price as these two are different measures arrived at by different means. Investors typically determine if Emera Pref is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Emera Pref's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Emera Pref '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 Emera Pref's preferred 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 Emera Pref.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Emera Pref on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Emera Pref A or generate 0.0% return on investment in Emera Pref over 60 days. Emera Pref is related to or competes with Brookfield Asset, Xtract One, Quisitive Technology, Arbor Metals, Wilmington Capital, and Wishpond Technologies. Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, a... More

Emera Pref 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 Emera Pref's preferred 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 Emera Pref A upside and downside potential and time the market with a certain degree of confidence.

Emera Pref Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Emera Pref's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emera Pref's standard deviation. In reality, there are many statistical measures that can use Emera Pref historical prices to predict the future Emera Pref's volatility.
Hype
Prediction
LowEstimatedHigh
15.5716.2516.93
Details
Intrinsic
Valuation
LowRealHigh
13.7314.4117.88
Details
Naive
Forecast
LowNextHigh
15.3015.9816.66
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.9216.2216.52
Details

Emera Pref A Backtested Returns

At this point, Emera Pref is very steady. Emera Pref A secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Emera Pref A, which you can use to evaluate the volatility of the firm. Please confirm Emera Pref's Mean Deviation of 0.4589, downside deviation of 0.9325, and Coefficient Of Variation of 576.87 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Emera Pref has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0501, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Emera Pref are expected to decrease at a much lower rate. During the bear market, Emera Pref is likely to outperform the market. Emera Pref A right now shows a risk of 0.68%. Please confirm Emera Pref A downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Emera Pref A will be following its price patterns.

Auto-correlation

    
  0.49  

Average predictability

Emera Pref A has average predictability. Overlapping area represents the amount of predictability between Emera Pref time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Emera Pref A price movement. The serial correlation of 0.49 indicates that about 49.0% of current Emera Pref price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.14
Residual Average0.0
Price Variance0.03

Emera Pref A lagged returns against current returns

Autocorrelation, which is Emera Pref preferred 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 Emera Pref's preferred stock expected returns. We can calculate the autocorrelation of Emera Pref returns to help us make a trade decision. For example, suppose you find that Emera Pref has exhibited high autocorrelation historically, and you observe that the preferred 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  

Emera Pref 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 Emera Pref preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emera Pref preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emera Pref preferred stock over time.
   Current vs Lagged Prices   
       Timeline  

Emera Pref Lagged Returns

When evaluating Emera Pref's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emera Pref preferred stock have on its future price. Emera Pref 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, Emera Pref autocorrelation shows the relationship between Emera Pref preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Emera Pref A.
   Regressed Prices   
       Timeline  

Pair Trading with Emera Pref

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 Emera Pref 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 Emera Pref will appreciate offsetting losses from the drop in the long position's value.

Moving together with Emera Preferred Stock

  0.82BIP-PB Brookfield InfrastructurePairCorr

Moving against Emera Preferred Stock

  0.6TKU Tarku ResourcesPairCorr
The ability to find closely correlated positions to Emera Pref could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emera Pref 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 Emera Pref - 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 Emera Pref A to buy it.
The correlation of Emera Pref 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 Emera Pref moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Pref A 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 Emera Pref 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Emera Preferred Stock

Emera Pref financial ratios help investors to determine whether Emera Preferred 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 Emera with respect to the benefits of owning Emera Pref security.