Canso Credit Trust Stock Market Value
| PBY-UN Stock | CAD 15.60 0.02 0.13% |
| Symbol | Canso |
Canso Credit Trust Price To Book Ratio
Canso Credit '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 Canso Credit'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 Canso Credit.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Canso Credit on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Canso Credit Trust or generate 0.0% return on investment in Canso Credit over 180 days. Canso Credit is related to or competes with MINT Income, Canadian High, Blue Ribbon, and Australian REIT. Canso Credit Trust - Canso Credit Income Fund is a closed ended fixed income mutual fund launched by Lysander Funds Limi... More
Canso Credit 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 Canso Credit'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 Canso Credit Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5745 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.7199 |
Canso Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canso Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canso Credit's standard deviation. In reality, there are many statistical measures that can use Canso Credit historical prices to predict the future Canso Credit's volatility.| Risk Adjusted Performance | 0.071 | |||
| Jensen Alpha | 0.0332 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 2.13 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canso Credit'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.
Canso Credit Trust Backtested Returns
At this point, Canso Credit is very steady. Canso Credit Trust secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Canso Credit Trust, which you can use to evaluate the volatility of the firm. Please confirm Canso Credit's Mean Deviation of 0.3012, downside deviation of 0.5745, and Risk Adjusted Performance of 0.071 to double-check if the risk estimate we provide is consistent with the expected return of 0.0548%. Canso Credit has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0166, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canso Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canso Credit is expected to be smaller as well. Canso Credit Trust right now shows a risk of 0.45%. Please confirm Canso Credit Trust treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Canso Credit Trust will be following its price patterns.
Auto-correlation | 0.70 |
Good predictability
Canso Credit Trust has good predictability. Overlapping area represents the amount of predictability between Canso Credit time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Canso Credit Trust price movement. The serial correlation of 0.7 indicates that around 70.0% of current Canso Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Canso Credit Trust lagged returns against current returns
Autocorrelation, which is Canso Credit 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 Canso Credit's stock expected returns. We can calculate the autocorrelation of Canso Credit returns to help us make a trade decision. For example, suppose you find that Canso Credit 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 |
Canso Credit 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 Canso Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canso Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canso Credit stock over time.
Current vs Lagged Prices |
| Timeline |
Canso Credit Lagged Returns
When evaluating Canso Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canso Credit stock have on its future price. Canso Credit 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, Canso Credit autocorrelation shows the relationship between Canso Credit stock current value and its past values and can show if there is a momentum factor associated with investing in Canso Credit Trust.
Regressed Prices |
| Timeline |
Pair Trading with Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit Trust 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 Canso Credit 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 Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.