Interfor Corp Stock Market Value
| IFP Stock | CAD 14.91 0.37 2.42% |
| Symbol | Interfor |
Interfor Corp Price To Book Ratio
Interfor Corp '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 Interfor Corp'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 Interfor Corp.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Interfor Corp on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Interfor Corp or generate 0.0% return on investment in Interfor Corp over 90 days. Interfor Corp is related to or competes with Canfor, West Fraser, Western Forest, Stella Jones, and Martinrea International. Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Jap... More
Interfor Corp 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 Interfor Corp'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 Interfor Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 16.57 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.21 |
Interfor Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Interfor Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Interfor Corp's standard deviation. In reality, there are many statistical measures that can use Interfor Corp historical prices to predict the future Interfor Corp's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.24) |
Interfor Corp Backtested Returns
Interfor Corp holds Efficiency (Sharpe) Ratio of -0.0971, which attests that the entity had a -0.0971 % return per unit of risk over the last 3 months. Interfor Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Interfor Corp's Risk Adjusted Performance of (0.12), standard deviation of 2.56, and Market Risk Adjusted Performance of (1.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Interfor Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Interfor Corp is expected to be smaller as well. At this point, Interfor Corp has a negative expected return of -0.25%. Please make sure to check out Interfor Corp's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Interfor Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Interfor Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Interfor Corp time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Interfor Corp price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Interfor Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Interfor Corp lagged returns against current returns
Autocorrelation, which is Interfor Corp 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 Interfor Corp's stock expected returns. We can calculate the autocorrelation of Interfor Corp returns to help us make a trade decision. For example, suppose you find that Interfor Corp 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 |
Interfor Corp 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 Interfor Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Interfor Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Interfor Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Interfor Corp Lagged Returns
When evaluating Interfor Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Interfor Corp stock have on its future price. Interfor Corp 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, Interfor Corp autocorrelation shows the relationship between Interfor Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Interfor Corp.
Regressed Prices |
| Timeline |
Pair Trading with Interfor Corp
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 Interfor Corp 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 Interfor Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Interfor Stock
Moving against Interfor Stock
| 0.65 | NHT-U | NexPoint Hospitality | PairCorr |
| 0.61 | ORE | Orezone Gold Corp | PairCorr |
| 0.58 | VMY-H | Voice Mobility Inter | PairCorr |
| 0.41 | FDR | Flinders Resources | PairCorr |
| 0.37 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Interfor Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Interfor Corp 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 Interfor Corp - 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 Interfor Corp to buy it.
The correlation of Interfor Corp 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 Interfor Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interfor 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 Interfor Corp 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 Interfor Stock
Interfor Corp financial ratios help investors to determine whether Interfor 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 Interfor with respect to the benefits of owning Interfor Corp security.