Plaza Retail Reit Stock Market Value
| PLZ-UN Stock | CAD 3.71 0.02 0.54% |
| Symbol | Plaza |
Plaza Retail REIT Price To Book Ratio
Plaza Retail '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 Plaza Retail'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 Plaza Retail.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Plaza Retail on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Plaza Retail REIT or generate 0.0% return on investment in Plaza Retail over 30 days. Plaza Retail is related to or competes with Automotive Properties, BTB Real, CT Real, and Choice Properties. Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ont... More
Plaza Retail 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 Plaza Retail'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 Plaza Retail REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.43 |
Plaza Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plaza Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plaza Retail's standard deviation. In reality, there are many statistical measures that can use Plaza Retail historical prices to predict the future Plaza Retail's volatility.| Risk Adjusted Performance | 0.0017 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plaza Retail'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.
Plaza Retail REIT Backtested Returns
Plaza Retail REIT maintains Sharpe Ratio (i.e., Efficiency) of -0.01, which implies the firm had a -0.01 % return per unit of risk over the last 3 months. Plaza Retail REIT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plaza Retail's Variance of 0.808, coefficient of variation of (890,939), and Risk Adjusted Performance of 0.0017 to confirm the risk estimate we provide. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Plaza Retail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plaza Retail is expected to be smaller as well. At this point, Plaza Retail REIT has a negative expected return of -0.0093%. Please make sure to check Plaza Retail's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Plaza Retail REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Plaza Retail REIT has insignificant predictability. Overlapping area represents the amount of predictability between Plaza Retail time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Plaza Retail REIT price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Plaza Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Plaza Retail REIT lagged returns against current returns
Autocorrelation, which is Plaza Retail 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 Plaza Retail's stock expected returns. We can calculate the autocorrelation of Plaza Retail returns to help us make a trade decision. For example, suppose you find that Plaza Retail 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 |
Plaza Retail 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 Plaza Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plaza Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plaza Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Plaza Retail Lagged Returns
When evaluating Plaza Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plaza Retail stock have on its future price. Plaza Retail 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, Plaza Retail autocorrelation shows the relationship between Plaza Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Plaza Retail REIT.
Regressed Prices |
| Timeline |
Other Information on Investing in Plaza Stock
Plaza Retail financial ratios help investors to determine whether Plaza 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 Plaza with respect to the benefits of owning Plaza Retail security.