Firm Capital Mortgage Stock Market Value
| FC Stock | CAD 11.81 0.02 0.17% |
| Symbol | Firm |
Firm Capital Mortgage Price To Book Ratio
Firm Capital '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 Firm Capital'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 Firm Capital.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Firm Capital on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Firm Capital Mortgage or generate 0.0% return on investment in Firm Capital over 30 days. Firm Capital is related to or competes with Colliers International, Altus Group, Harvest Global, Global X, European Residential, Financial, and BMO Mid. Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residentia... More
Firm Capital 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 Firm Capital'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 Firm Capital Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.791 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.43 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.53 |
Firm Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firm Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firm Capital's standard deviation. In reality, there are many statistical measures that can use Firm Capital historical prices to predict the future Firm Capital's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | 0.0478 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3325 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Firm Capital'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.
Firm Capital Mortgage Backtested Returns
As of now, Firm Stock is very steady. Firm Capital Mortgage secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Firm Capital Mortgage, which you can use to evaluate the volatility of the firm. Please confirm Firm Capital's Mean Deviation of 0.5974, downside deviation of 0.791, and Coefficient Of Variation of 918.56 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Firm Capital has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Firm Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Firm Capital is expected to be smaller as well. Firm Capital Mortgage right now shows a risk of 0.78%. Please confirm Firm Capital Mortgage semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Firm Capital Mortgage will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
Firm Capital Mortgage has below average predictability. Overlapping area represents the amount of predictability between Firm Capital time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Firm Capital Mortgage price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Firm Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Firm Capital Mortgage lagged returns against current returns
Autocorrelation, which is Firm Capital 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 Firm Capital's stock expected returns. We can calculate the autocorrelation of Firm Capital returns to help us make a trade decision. For example, suppose you find that Firm Capital 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 |
Firm Capital 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 Firm Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firm Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firm Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Firm Capital Lagged Returns
When evaluating Firm Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firm Capital stock have on its future price. Firm Capital 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, Firm Capital autocorrelation shows the relationship between Firm Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Firm Capital Mortgage.
Regressed Prices |
| Timeline |
Pair Trading with Firm Capital
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 Firm Capital 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 Firm Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Firm Stock
The ability to find closely correlated positions to Firm Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firm Capital 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 Firm Capital - 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 Firm Capital Mortgage to buy it.
The correlation of Firm Capital 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 Firm Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firm Capital Mortgage 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 Firm Capital 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 Firm Stock
Firm Capital financial ratios help investors to determine whether Firm 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 Firm with respect to the benefits of owning Firm Capital security.