Polaris Infrastructure Stock Market Value
| PIF Stock | CAD 12.90 0.15 1.15% |
| Symbol | Polaris |
Polaris Infrastructure '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 Polaris Infrastructure'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 Polaris Infrastructure.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Polaris Infrastructure on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Polaris Infrastructure or generate 0.0% return on investment in Polaris Infrastructure over 30 days. Polaris Infrastructure is related to or competes with Innergex Renewable, Boralex, and Northland Power. Polaris Renewable Energy Inc. engages in the acquisition, development, and operation of renewable energy projects in Lat... More
Polaris Infrastructure 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 Polaris Infrastructure'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 Polaris Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0327 | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.06 |
Polaris Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris Infrastructure's standard deviation. In reality, there are many statistical measures that can use Polaris Infrastructure historical prices to predict the future Polaris Infrastructure's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.0758 | |||
| Total Risk Alpha | 0.0298 | |||
| Sortino Ratio | 0.0524 | |||
| Treynor Ratio | 0.4691 |
Polaris Infrastructure Backtested Returns
As of now, Polaris Stock is not too volatile. Polaris Infrastructure maintains Sharpe Ratio (i.e., Efficiency) of 0.0537, which implies the firm had a 0.0537 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Polaris Infrastructure, which you can use to evaluate the volatility of the company. Please check Polaris Infrastructure's Semi Deviation of 0.9566, coefficient of variation of 1861.06, and Risk Adjusted Performance of 0.0503 to confirm if the risk estimate we provide is consistent with the expected return of 0.0902%. Polaris Infrastructure has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polaris Infrastructure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polaris Infrastructure is expected to be smaller as well. Polaris Infrastructure right now holds a risk of 1.68%. Please check Polaris Infrastructure semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Polaris Infrastructure will be following its historical price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Polaris Infrastructure has modest reverse predictability. Overlapping area represents the amount of predictability between Polaris Infrastructure time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Polaris Infrastructure price movement. The serial correlation of -0.48 indicates that about 48.0% of current Polaris Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Polaris Infrastructure lagged returns against current returns
Autocorrelation, which is Polaris Infrastructure 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 Polaris Infrastructure's stock expected returns. We can calculate the autocorrelation of Polaris Infrastructure returns to help us make a trade decision. For example, suppose you find that Polaris Infrastructure 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 |
Polaris Infrastructure 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 Polaris Infrastructure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polaris Infrastructure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polaris Infrastructure stock over time.
Current vs Lagged Prices |
| Timeline |
Polaris Infrastructure Lagged Returns
When evaluating Polaris Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polaris Infrastructure stock have on its future price. Polaris Infrastructure 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, Polaris Infrastructure autocorrelation shows the relationship between Polaris Infrastructure stock current value and its past values and can show if there is a momentum factor associated with investing in Polaris Infrastructure.
Regressed Prices |
| Timeline |
Pair Trading with Polaris Infrastructure
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 Polaris Infrastructure 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 Polaris Infrastructure will appreciate offsetting losses from the drop in the long position's value.Moving together with Polaris Stock
Moving against Polaris Stock
The ability to find closely correlated positions to Polaris Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Polaris Infrastructure 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 Polaris Infrastructure - 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 Polaris Infrastructure to buy it.
The correlation of Polaris Infrastructure 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 Polaris Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Polaris Infrastructure 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 Polaris Infrastructure 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 Polaris Stock
Polaris Infrastructure financial ratios help investors to determine whether Polaris 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 Polaris with respect to the benefits of owning Polaris Infrastructure security.