Empire Company Limited Stock Market Value
| EMP-A Stock | CAD 41.98 0.27 0.64% |
| Symbol | Empire |
Empire Limited Price To Book Ratio
Empire Company '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 Empire Company'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 Empire Company.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Empire Company on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Empire Company Limited or generate 0.0% return on investment in Empire Company over 360 days. Empire Company is related to or competes with Metro, George Weston, S A P, Loblaw Companies, and Maple Leaf. Empire Company Limited, together with its subsidiaries, engages in the food retail and real estate businesses in Canada More
Empire Company 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 Empire Company'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 Empire Company Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9138 | |||
| Information Ratio | 0.0268 | |||
| Maximum Drawdown | 8.16 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.73 |
Empire Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Company's standard deviation. In reality, there are many statistical measures that can use Empire Company historical prices to predict the future Empire Company's volatility.| Risk Adjusted Performance | 0.1141 | |||
| Jensen Alpha | 0.1512 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0342 | |||
| Treynor Ratio | 2.63 |
Empire Limited Backtested Returns
Currently, Empire Company Limited is very steady. Empire Limited 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-nine technical indicators for Empire Company Limited, which you can use to evaluate the volatility of the firm. Please confirm Empire Company's Mean Deviation of 0.8513, coefficient of variation of 690.71, and Downside Deviation of 0.9138 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Empire Company has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0605, which means not very significant fluctuations relative to the market. As returns on the market increase, Empire Company's returns are expected to increase less than the market. However, during the bear market, the loss of holding Empire Company is expected to be smaller as well. Empire Limited right now shows a risk of 1.18%. Please confirm Empire Limited sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Empire Limited will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Empire Company Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Empire Company time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Empire Limited price movement. The serial correlation of -0.75 indicates that around 75.0% of current Empire Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 8.7 |
Empire Limited lagged returns against current returns
Autocorrelation, which is Empire Company 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 Empire Company's stock expected returns. We can calculate the autocorrelation of Empire Company returns to help us make a trade decision. For example, suppose you find that Empire Company 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 |
Empire Company 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 Empire Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Company stock over time.
Current vs Lagged Prices |
| Timeline |
Empire Company Lagged Returns
When evaluating Empire Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Company stock have on its future price. Empire Company 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, Empire Company autocorrelation shows the relationship between Empire Company stock current value and its past values and can show if there is a momentum factor associated with investing in Empire Company Limited.
Regressed Prices |
| Timeline |
Pair Trading with Empire Company
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 Empire Company 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 Empire Company will appreciate offsetting losses from the drop in the long position's value.Moving together with Empire Stock
The ability to find closely correlated positions to Empire Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Company 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 Empire Company - 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 Empire Company Limited to buy it.
The correlation of Empire Company 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 Empire Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Limited 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 Empire Company 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 Empire Stock Analysis
When running Empire Company's price analysis, check to measure Empire Company'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 Empire Company is operating at the current time. Most of Empire Company's value examination focuses on studying past and present price action to predict the probability of Empire Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Company's price. Additionally, you may evaluate how the addition of Empire Company to your portfolios can decrease your overall portfolio volatility.