Killam Apartment Real Stock Market Value
| KMP-UN Stock | CAD 18.55 0.19 1.03% |
| Symbol | Killam |
Killam Apartment Real Price To Book Ratio
Killam Apartment '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 Killam Apartment'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 Killam Apartment.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Killam Apartment on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Killam Apartment Real or generate 0.0% return on investment in Killam Apartment over 30 days. Killam Apartment is related to or competes with InterRent Real, Canadian Apartment, Granite Real, Crombie Real, and Dream Industrial. Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canadas largest residential landlords, owning, operating... More
Killam Apartment 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 Killam Apartment'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 Killam Apartment Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.82 |
Killam Apartment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Killam Apartment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Killam Apartment's standard deviation. In reality, there are many statistical measures that can use Killam Apartment historical prices to predict the future Killam Apartment's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Killam Apartment'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.
Killam Apartment Real Backtested Returns
Killam Apartment Real has Sharpe Ratio of -0.0991, which conveys that the firm had a -0.0991% return per unit of risk over the last 3 months. Killam Apartment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Killam Apartment's Standard Deviation of 1.09, risk adjusted performance of (0.06), and Mean Deviation of 0.8749 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Killam Apartment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Killam Apartment is expected to be smaller as well. At this point, Killam Apartment Real has a negative expected return of -0.11%. Please make sure to verify Killam Apartment's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Killam Apartment Real performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Killam Apartment Real has insignificant reverse predictability. Overlapping area represents the amount of predictability between Killam Apartment time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Killam Apartment Real price movement. The serial correlation of -0.16 indicates that over 16.0% of current Killam Apartment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Killam Apartment Real lagged returns against current returns
Autocorrelation, which is Killam Apartment 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 Killam Apartment's stock expected returns. We can calculate the autocorrelation of Killam Apartment returns to help us make a trade decision. For example, suppose you find that Killam Apartment 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 |
Killam Apartment 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 Killam Apartment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Killam Apartment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Killam Apartment stock over time.
Current vs Lagged Prices |
| Timeline |
Killam Apartment Lagged Returns
When evaluating Killam Apartment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Killam Apartment stock have on its future price. Killam Apartment 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, Killam Apartment autocorrelation shows the relationship between Killam Apartment stock current value and its past values and can show if there is a momentum factor associated with investing in Killam Apartment Real.
Regressed Prices |
| Timeline |
Pair Trading with Killam Apartment
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 Killam Apartment 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 Killam Apartment will appreciate offsetting losses from the drop in the long position's value.Moving together with Killam Stock
Moving against Killam Stock
The ability to find closely correlated positions to Killam Apartment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Killam Apartment 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 Killam Apartment - 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 Killam Apartment Real to buy it.
The correlation of Killam Apartment 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 Killam Apartment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Killam Apartment Real 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 Killam Apartment 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 Killam Stock
Killam Apartment financial ratios help investors to determine whether Killam 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 Killam with respect to the benefits of owning Killam Apartment security.