Hr Real Estate Stock Market Value
| HR-UN Stock | CAD 10.07 0.24 2.44% |
| Symbol | HR-UN |
HR Real Estate Price To Book Ratio
HR Real '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 HR Real'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 HR Real.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in HR Real on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding HR Real Estate or generate 0.0% return on investment in HR Real over 90 days. HR Real is related to or competes with RioCan Real, Canadian Apartment, SmartCentres Real, Allied Properties, and Dream Office. HR REIT is one of Canadas largest real estate investment trusts with total assets of approximately 13.3 billion at June ... More
HR Real 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 HR Real'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 HR Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0614 | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.59 |
HR Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HR Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HR Real's standard deviation. In reality, there are many statistical measures that can use HR Real historical prices to predict the future HR Real's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0578 | |||
| Total Risk Alpha | 0.1659 | |||
| Treynor Ratio | (0.03) |
HR Real Estate Backtested Returns
HR Real Estate retains Efficiency (Sharpe Ratio) of -0.0119, which attests that the entity had a -0.0119 % return per unit of price deviation over the last 3 months. HR Real exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HR Real's Coefficient Of Variation of (17,015), market risk adjusted performance of (0.02), and Information Ratio of 0.0614 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HR Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding HR Real is expected to be smaller as well. At this point, HR Real Estate has a negative expected return of -0.017%. Please make sure to check out HR Real's skewness, and the relationship between the total risk alpha and day median price , to decide if HR Real Estate performance from the past will be repeated sooner or later.
Auto-correlation | -0.81 |
Excellent reverse predictability
HR Real Estate has excellent reverse predictability. Overlapping area represents the amount of predictability between HR Real time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 HR Real Estate price movement. The serial correlation of -0.81 indicates that around 81.0% of current HR Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
HR Real Estate lagged returns against current returns
Autocorrelation, which is HR Real 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 HR Real's stock expected returns. We can calculate the autocorrelation of HR Real returns to help us make a trade decision. For example, suppose you find that HR Real 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 |
HR Real 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 HR Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HR Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HR Real stock over time.
Current vs Lagged Prices |
| Timeline |
HR Real Lagged Returns
When evaluating HR Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HR Real stock have on its future price. HR Real 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, HR Real autocorrelation shows the relationship between HR Real stock current value and its past values and can show if there is a momentum factor associated with investing in HR Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with HR Real
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 HR Real 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 HR Real will appreciate offsetting losses from the drop in the long position's value.Moving against HR-UN Stock
The ability to find closely correlated positions to HR Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HR Real 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 HR Real - 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 HR Real Estate to buy it.
The correlation of HR Real 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 HR Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HR Real Estate 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 HR Real 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 HR-UN Stock Analysis
When running HR Real's price analysis, check to measure HR Real'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 HR Real is operating at the current time. Most of HR Real's value examination focuses on studying past and present price action to predict the probability of HR Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HR Real's price. Additionally, you may evaluate how the addition of HR Real to your portfolios can decrease your overall portfolio volatility.