Intact Financial Corp Preferred Stock Market Value
| IFC-PE Preferred Stock | CAD 22.00 0.10 0.46% |
| Symbol | Intact |
Intact Financial '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 Intact Financial's preferred 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 Intact Financial.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Intact Financial on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Intact Financial Corp or generate 0.0% return on investment in Intact Financial over 30 days. Intact Financial is related to or competes with Fairfax Financial, Fairfax Financial, IShares Canadian, PHN Multi, Global X, Altagas Cum, and EcoSynthetix. Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals... More
Intact Financial 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 Intact Financial's preferred 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 Intact Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.8736 |
Intact Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intact Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intact Financial's standard deviation. In reality, there are many statistical measures that can use Intact Financial historical prices to predict the future Intact Financial's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.55 |
Intact Financial Corp Backtested Returns
Intact Financial Corp holds Efficiency (Sharpe) Ratio of -0.0191, which attests that the entity had a -0.0191% return per unit of risk over the last 3 months. Intact Financial Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Intact Financial's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.56, and Standard Deviation of 0.6167 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0595, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Intact Financial are expected to decrease at a much lower rate. During the bear market, Intact Financial is likely to outperform the market. At this point, Intact Financial Corp has a negative expected return of -0.012%. Please make sure to check out Intact Financial's potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Intact Financial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Intact Financial Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Intact Financial time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Intact Financial Corp price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Intact Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Intact Financial Corp lagged returns against current returns
Autocorrelation, which is Intact Financial preferred 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 Intact Financial's preferred stock expected returns. We can calculate the autocorrelation of Intact Financial returns to help us make a trade decision. For example, suppose you find that Intact Financial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Intact Financial 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 Intact Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intact Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intact Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Intact Financial Lagged Returns
When evaluating Intact Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intact Financial preferred stock have on its future price. Intact Financial 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, Intact Financial autocorrelation shows the relationship between Intact Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Intact Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with Intact Financial
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 Intact Financial 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 Intact Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Intact Preferred Stock
Moving against Intact Preferred Stock
| 0.74 | NA-PG | National Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Intact Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intact Financial 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 Intact Financial - 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 Intact Financial Corp to buy it.
The correlation of Intact Financial 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 Intact Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intact Financial Corp 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 Intact Financial 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 Intact Preferred Stock
Intact Financial financial ratios help investors to determine whether Intact Preferred 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 Intact with respect to the benefits of owning Intact Financial security.