Great West Lifeco Stock Market Value
| GWO Stock | CAD 53.74 0.33 0.62% |
| Symbol | Great-West |
Great West Lifeco Price To Book Ratio
Great-West Lifeco '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 Great-West Lifeco'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 Great-West Lifeco.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Great-West Lifeco on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Great West Lifeco or generate 0.0% return on investment in Great-West Lifeco over 720 days. Great-West Lifeco is related to or competes with Sun Life, PowerOf Canada, Manulife Financial, National Bank, and IGM Financial. Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and i... More
Great-West Lifeco 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 Great-West Lifeco'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 Great West Lifeco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.32 |
Great-West Lifeco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-West Lifeco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-West Lifeco's standard deviation. In reality, there are many statistical measures that can use Great-West Lifeco historical prices to predict the future Great-West Lifeco's volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | 0.1254 | |||
| Total Risk Alpha | 0.1697 | |||
| Sortino Ratio | 0.1333 | |||
| Treynor Ratio | 0.6569 |
Great West Lifeco Backtested Returns
As of now, Great-West Stock is very steady. Great West Lifeco holds Efficiency (Sharpe) Ratio of 0.0844, which attests that the entity had a 0.0844 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Great West Lifeco, which you can use to evaluate the volatility of the firm. Please check out Great-West Lifeco's Market Risk Adjusted Performance of 0.6669, downside deviation of 1.08, and Risk Adjusted Performance of 0.0673 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Great-West Lifeco has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great-West Lifeco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-West Lifeco is expected to be smaller as well. Great West Lifeco right now retains a risk of 1.6%. Please check out Great-West Lifeco downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Great-West Lifeco will be following its current trending patterns.
Auto-correlation | 0.74 |
Good predictability
Great West Lifeco has good predictability. Overlapping area represents the amount of predictability between Great-West Lifeco time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Great West Lifeco price movement. The serial correlation of 0.74 indicates that around 74.0% of current Great-West Lifeco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 16.43 |
Great West Lifeco lagged returns against current returns
Autocorrelation, which is Great-West Lifeco 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 Great-West Lifeco's stock expected returns. We can calculate the autocorrelation of Great-West Lifeco returns to help us make a trade decision. For example, suppose you find that Great-West Lifeco 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 |
Great-West Lifeco 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 Great-West Lifeco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-West Lifeco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great-West Lifeco stock over time.
Current vs Lagged Prices |
| Timeline |
Great-West Lifeco Lagged Returns
When evaluating Great-West Lifeco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-West Lifeco stock have on its future price. Great-West Lifeco 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, Great-West Lifeco autocorrelation shows the relationship between Great-West Lifeco stock current value and its past values and can show if there is a momentum factor associated with investing in Great West Lifeco.
Regressed Prices |
| Timeline |
Pair Trading with Great-West Lifeco
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 Great-West Lifeco 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 Great-West Lifeco will appreciate offsetting losses from the drop in the long position's value.Moving against Great-West Stock
The ability to find closely correlated positions to Great-West Lifeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great-West Lifeco 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 Great-West Lifeco - 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 Great West Lifeco to buy it.
The correlation of Great-West Lifeco 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 Great-West Lifeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great West Lifeco 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 Great-West Lifeco 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 Great-West Stock
Great-West Lifeco financial ratios help investors to determine whether Great-West 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 Great-West with respect to the benefits of owning Great-West Lifeco security.