Inovalis Real Estate Stock Market Value
| INO-UN Stock | CAD 0.84 0.03 3.45% |
| Symbol | Inovalis |
Inovalis Real Estate Price To Book Ratio
Inovalis 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 Inovalis 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 Inovalis Real.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Inovalis Real on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Inovalis Real Estate or generate 0.0% return on investment in Inovalis Real over 360 days. Inovalis Real is related to or competes with Canadian Apartment, Granite Real, Choice Properties, HR Real, and Boardwalk Real. Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant... More
Inovalis 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 Inovalis 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 Inovalis Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.6 |
Inovalis Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inovalis Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inovalis Real's standard deviation. In reality, there are many statistical measures that can use Inovalis Real historical prices to predict the future Inovalis Real's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.5699 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inovalis Real's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Inovalis Real Estate Backtested Returns
Inovalis Real Estate holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Inovalis Real Estate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inovalis Real's Standard Deviation of 2.28, market risk adjusted performance of 0.5799, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Inovalis Real are expected to decrease at a much lower rate. During the bear market, Inovalis Real is likely to outperform the market. At this point, Inovalis Real Estate has a negative expected return of -0.39%. Please make sure to check out Inovalis Real's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Inovalis Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Inovalis Real Estate has poor predictability. Overlapping area represents the amount of predictability between Inovalis Real time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Inovalis Real Estate price movement. The serial correlation of 0.25 indicates that over 25.0% of current Inovalis Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Inovalis Real Estate lagged returns against current returns
Autocorrelation, which is Inovalis 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 Inovalis Real's stock expected returns. We can calculate the autocorrelation of Inovalis Real returns to help us make a trade decision. For example, suppose you find that Inovalis 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 |
Inovalis 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 Inovalis Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inovalis Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inovalis Real stock over time.
Current vs Lagged Prices |
| Timeline |
Inovalis Real Lagged Returns
When evaluating Inovalis Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inovalis Real stock have on its future price. Inovalis 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, Inovalis Real autocorrelation shows the relationship between Inovalis Real stock current value and its past values and can show if there is a momentum factor associated with investing in Inovalis Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Inovalis 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 Inovalis 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 Inovalis Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Inovalis Stock
Moving against Inovalis Stock
| 0.92 | LCS | Brompton Lifeco Split Split | PairCorr |
| 0.85 | DF | Dividend 15 Split | PairCorr |
| 0.83 | DGS | Dividend Growth Split | PairCorr |
| 0.72 | ESI | Ensign Energy Services | PairCorr |
The ability to find closely correlated positions to Inovalis 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 Inovalis 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 Inovalis 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 Inovalis Real Estate to buy it.
The correlation of Inovalis 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 Inovalis Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inovalis 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 Inovalis 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.Other Information on Investing in Inovalis Stock
Inovalis Real financial ratios help investors to determine whether Inovalis 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 Inovalis with respect to the benefits of owning Inovalis Real security.