Minto Apartment Real Stock Market Value
| MI-UN Stock | CAD 13.24 0.15 1.15% |
| Symbol | Minto |
Minto Apartment Real Price To Book Ratio
Minto 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 Minto 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 Minto Apartment.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Minto Apartment on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Minto Apartment Real or generate 0.0% return on investment in Minto Apartment over 90 days. Minto Apartment is related to or competes with InterRent Real, Killam Apartment, Morguard North, First Capital, and BSR Real. Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio ... More
Minto 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 Minto 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 Minto Apartment Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.02 |
Minto Apartment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minto Apartment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minto Apartment's standard deviation. In reality, there are many statistical measures that can use Minto Apartment historical prices to predict the future Minto Apartment's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.0106 | |||
| Treynor Ratio | (0.66) |
Minto Apartment Real Backtested Returns
Minto Apartment Real has Sharpe Ratio of -0.0787, which conveys that the firm had a -0.0787 % return per unit of risk over the last 3 months. Minto Apartment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minto Apartment's Mean Deviation of 1.0, risk adjusted performance of (0.09), and Standard Deviation of 1.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Minto Apartment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Minto Apartment is expected to be smaller as well. At this point, Minto Apartment Real has a negative expected return of -0.12%. Please make sure to verify Minto Apartment's skewness, as well as the relationship between the day median price and relative strength index , to decide if Minto Apartment Real performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Minto Apartment Real has modest predictability. Overlapping area represents the amount of predictability between Minto Apartment time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Minto Apartment Real price movement. The serial correlation of 0.52 indicates that about 52.0% of current Minto Apartment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Minto Apartment Real lagged returns against current returns
Autocorrelation, which is Minto 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 Minto Apartment's stock expected returns. We can calculate the autocorrelation of Minto Apartment returns to help us make a trade decision. For example, suppose you find that Minto 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 |
Minto 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 Minto Apartment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minto Apartment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minto Apartment stock over time.
Current vs Lagged Prices |
| Timeline |
Minto Apartment Lagged Returns
When evaluating Minto Apartment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minto Apartment stock have on its future price. Minto 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, Minto Apartment autocorrelation shows the relationship between Minto Apartment stock current value and its past values and can show if there is a momentum factor associated with investing in Minto Apartment Real.
Regressed Prices |
| Timeline |
Pair Trading with Minto 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 Minto 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 Minto Apartment will appreciate offsetting losses from the drop in the long position's value.Moving against Minto Stock
The ability to find closely correlated positions to Minto 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 Minto 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 Minto 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 Minto Apartment Real to buy it.
The correlation of Minto 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 Minto Apartment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Minto 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 Minto 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.Additional Tools for Minto Stock Analysis
When running Minto Apartment's price analysis, check to measure Minto Apartment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Minto Apartment is operating at the current time. Most of Minto Apartment's value examination focuses on studying past and present price action to predict the probability of Minto Apartment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minto Apartment's price. Additionally, you may evaluate how the addition of Minto Apartment to your portfolios can decrease your overall portfolio volatility.