Mainstreet Equity Corp Stock Market Value
| MEQ Stock | CAD 196.72 2.26 1.14% |
| Symbol | Mainstreet |
Mainstreet Equity Corp Price To Book Ratio
Mainstreet Equity '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 Mainstreet Equity'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 Mainstreet Equity.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Mainstreet Equity on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Mainstreet Equity Corp or generate 0.0% return on investment in Mainstreet Equity over 30 days. Mainstreet Equity is related to or competes with Morguard, Melcor Developments, Boardwalk Real, Genesis Land, and FirstService Corp. Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, financing, value-enhancemen... More
Mainstreet Equity 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 Mainstreet Equity'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 Mainstreet Equity Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.59 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.29 |
Mainstreet Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstreet Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstreet Equity's standard deviation. In reality, there are many statistical measures that can use Mainstreet Equity historical prices to predict the future Mainstreet Equity's volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.11) |
Mainstreet Equity Corp Backtested Returns
Mainstreet Equity Corp has Sharpe Ratio of -0.0045, which conveys that the firm had a -0.0045% return per unit of risk over the last 3 months. Mainstreet Equity exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mainstreet Equity's Risk Adjusted Performance of 7.0E-4, standard deviation of 1.27, and Mean Deviation of 0.9541 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstreet Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstreet Equity is expected to be smaller as well. At this point, Mainstreet Equity Corp has a negative expected return of -0.0057%. Please make sure to verify Mainstreet Equity's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Mainstreet Equity Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Mainstreet Equity Corp has average predictability. Overlapping area represents the amount of predictability between Mainstreet Equity time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Mainstreet Equity Corp price movement. The serial correlation of 0.46 indicates that about 46.0% of current Mainstreet Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 7.29 |
Mainstreet Equity Corp lagged returns against current returns
Autocorrelation, which is Mainstreet Equity 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 Mainstreet Equity's stock expected returns. We can calculate the autocorrelation of Mainstreet Equity returns to help us make a trade decision. For example, suppose you find that Mainstreet Equity 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 |
Mainstreet Equity 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 Mainstreet Equity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstreet Equity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstreet Equity stock over time.
Current vs Lagged Prices |
| Timeline |
Mainstreet Equity Lagged Returns
When evaluating Mainstreet Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstreet Equity stock have on its future price. Mainstreet Equity 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, Mainstreet Equity autocorrelation shows the relationship between Mainstreet Equity stock current value and its past values and can show if there is a momentum factor associated with investing in Mainstreet Equity Corp.
Regressed Prices |
| Timeline |
Pair Trading with Mainstreet Equity
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 Mainstreet Equity 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 Mainstreet Equity will appreciate offsetting losses from the drop in the long position's value.Moving against Mainstreet Stock
The ability to find closely correlated positions to Mainstreet Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mainstreet Equity 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 Mainstreet Equity - 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 Mainstreet Equity Corp to buy it.
The correlation of Mainstreet Equity 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 Mainstreet Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstreet Equity 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 Mainstreet Equity 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 Mainstreet Stock
Mainstreet Equity financial ratios help investors to determine whether Mainstreet 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 Mainstreet with respect to the benefits of owning Mainstreet Equity security.