Keyera Corp Stock Market Value
| KEY Stock | CAD 46.17 0.29 0.63% |
| Symbol | Keyera |
Keyera Corp Price To Book Ratio
Keyera 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 Keyera 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 Keyera Corp.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Keyera Corp on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Keyera Corp or generate 0.0% return on investment in Keyera Corp over 210 days. Keyera Corp is related to or competes with Pembina Pipeline, Capital Power, AltaGas, and Canadian Utilities. Keyera Corp. engages in the energy infrastructure business in Canada More
Keyera 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 Keyera 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 Keyera Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7685 | |||
| Information Ratio | 0.1253 | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.91 |
Keyera Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keyera Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keyera Corp's standard deviation. In reality, there are many statistical measures that can use Keyera Corp historical prices to predict the future Keyera Corp's volatility.| Risk Adjusted Performance | 0.2163 | |||
| Jensen Alpha | 0.2331 | |||
| Total Risk Alpha | 0.0909 | |||
| Sortino Ratio | 0.1439 | |||
| Treynor Ratio | 5.97 |
Keyera Corp Backtested Returns
Keyera Corp appears to be very steady, given 3 months investment horizon. Keyera Corp has Sharpe Ratio of 0.28, which conveys that the firm had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Keyera Corp, which you can use to evaluate the volatility of the firm. Please exercise Keyera Corp's Mean Deviation of 0.6351, downside deviation of 0.7685, and Risk Adjusted Performance of 0.2163 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Keyera Corp holds a performance score of 22. The company secures a Beta (Market Risk) of 0.0399, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Keyera Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keyera Corp is expected to be smaller as well. Please check Keyera Corp's kurtosis, and the relationship between the downside variance and day median price , to make a quick decision on whether Keyera Corp's current price movements will revert.
Auto-correlation | 0.88 |
Very good predictability
Keyera Corp has very good predictability. Overlapping area represents the amount of predictability between Keyera Corp time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Keyera Corp price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Keyera Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 4.74 |
Keyera Corp lagged returns against current returns
Autocorrelation, which is Keyera 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 Keyera Corp's stock expected returns. We can calculate the autocorrelation of Keyera Corp returns to help us make a trade decision. For example, suppose you find that Keyera 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 |
Keyera 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 Keyera Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keyera Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keyera Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Keyera Corp Lagged Returns
When evaluating Keyera Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keyera Corp stock have on its future price. Keyera 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, Keyera Corp autocorrelation shows the relationship between Keyera Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Keyera Corp.
Regressed Prices |
| Timeline |
Pair Trading with Keyera 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 Keyera 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 Keyera Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Keyera Stock
| 0.91 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.74 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.89 | ENS | E Split Corp | PairCorr |
| 0.89 | ENS-PA | E Split Corp | PairCorr |
Moving against Keyera Stock
The ability to find closely correlated positions to Keyera 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 Keyera 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 Keyera 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 Keyera Corp to buy it.
The correlation of Keyera 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 Keyera Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keyera 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 Keyera 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 Keyera Stock
Keyera Corp financial ratios help investors to determine whether Keyera 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 Keyera with respect to the benefits of owning Keyera Corp security.