Emera Pref F Preferred Stock Market Value
| EMA-PF Preferred Stock | CAD 20.37 0.20 0.99% |
| Symbol | Emera |
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.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Emera Pref on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Emera Pref F or generate 0.0% return on investment in Emera Pref over 210 days. Emera Pref is related to or competes with Berkshire Hathaway, Microsoft Corp, Apple, Alphabet, Amazon CDR, Meta Platforms, and Exxon. 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 F upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9985 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.33 |
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.| Risk Adjusted Performance | 0.0943 | |||
| Jensen Alpha | 0.0732 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5678 |
Emera Pref F Backtested Returns
At this point, Emera Pref is very steady. Emera Pref F secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emera Pref F, which you can use to evaluate the volatility of the firm. Please confirm Emera Pref's Mean Deviation of 0.5767, coefficient of variation of 820.07, and Downside Deviation of 0.9985 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Emera Pref has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Emera Pref's returns are expected to increase less than the market. However, during the bear market, the loss of holding Emera Pref is expected to be smaller as well. Emera Pref F right now shows a risk of 0.85%. Please confirm Emera Pref F total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Emera Pref F will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Emera Pref F has weak reverse predictability. Overlapping area represents the amount of predictability between Emera Pref time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 F price movement. The serial correlation of -0.25 indicates that over 25.0% of current Emera Pref price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Emera Pref F 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 F.
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 against Emera Preferred Stock
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 F 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 F 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.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.