Gdi Integrated Stock Market Value
| GDI Stock | CAD 36.21 0.10 0.28% |
| Symbol | GDI |
GDI Integrated Price To Book Ratio
GDI Integrated '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 GDI Integrated'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 GDI Integrated.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in GDI Integrated on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding GDI Integrated or generate 0.0% return on investment in GDI Integrated over 180 days. GDI Integrated is related to or competes with Alaris Equity, Timbercreek Financial, Fiera Capital, Diversified Royalty, and MCAN Mortgage. GDI Integrated Facility Services Inc. operates in the outsourced facility services industry More
GDI Integrated 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 GDI Integrated'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 GDI Integrated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 3.33 |
GDI Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GDI Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GDI Integrated's standard deviation. In reality, there are many statistical measures that can use GDI Integrated historical prices to predict the future GDI Integrated's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | 0.0095 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3228 |
GDI Integrated Backtested Returns
As of now, GDI Stock is very steady. GDI Integrated holds Efficiency (Sharpe) Ratio of 0.0496, which attests that the entity had a 0.0496% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for GDI Integrated, which you can use to evaluate the volatility of the firm. Please check out GDI Integrated's Risk Adjusted Performance of 0.0164, market risk adjusted performance of 0.3328, and Semi Deviation of 1.61 to validate if the risk estimate we provide is consistent with the expected return of 0.0919%. GDI Integrated has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0486, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GDI Integrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding GDI Integrated is expected to be smaller as well. GDI Integrated at this time retains a risk of 1.85%. Please check out GDI Integrated standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if GDI Integrated will be following its current trending patterns.
Auto-correlation | 0.15 |
Insignificant predictability
GDI Integrated has insignificant predictability. Overlapping area represents the amount of predictability between GDI Integrated time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 GDI Integrated price movement. The serial correlation of 0.15 indicates that less than 15.0% of current GDI Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
GDI Integrated lagged returns against current returns
Autocorrelation, which is GDI Integrated 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 GDI Integrated's stock expected returns. We can calculate the autocorrelation of GDI Integrated returns to help us make a trade decision. For example, suppose you find that GDI Integrated 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 |
GDI Integrated 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 GDI Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GDI Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GDI Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
GDI Integrated Lagged Returns
When evaluating GDI Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GDI Integrated stock have on its future price. GDI Integrated 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, GDI Integrated autocorrelation shows the relationship between GDI Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in GDI Integrated.
Regressed Prices |
| Timeline |
Pair Trading with GDI Integrated
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 GDI Integrated 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 GDI Integrated will appreciate offsetting losses from the drop in the long position's value.Moving against GDI Stock
The ability to find closely correlated positions to GDI Integrated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GDI Integrated 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 GDI Integrated - 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 GDI Integrated to buy it.
The correlation of GDI Integrated 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 GDI Integrated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GDI Integrated 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 GDI Integrated 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 GDI Stock
GDI Integrated financial ratios help investors to determine whether GDI 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 GDI with respect to the benefits of owning GDI Integrated security.