Blue Ribbon Income Stock Market Value
| RBN-UN Stock | CAD 7.44 0.06 0.80% |
| Symbol | Blue |
Blue Ribbon Income Price To Book Ratio
Blue Ribbon '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 Blue Ribbon'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 Blue Ribbon.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Blue Ribbon on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Blue Ribbon Income or generate 0.0% return on investment in Blue Ribbon over 90 days. Blue Ribbon is related to or competes with MINT Income, Canadian High, Brompton Lifeco, Precious Metals, and Income Financial. Blue Ribbon Income Fund is a closed-ended equity mutual fund launched and managed by Bloom Investment Counsel, Inc More
Blue Ribbon 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 Blue Ribbon'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 Blue Ribbon Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 1.62 |
Blue Ribbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Ribbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Ribbon's standard deviation. In reality, there are many statistical measures that can use Blue Ribbon historical prices to predict the future Blue Ribbon's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blue Ribbon'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.
Blue Ribbon Income Backtested Returns
Blue Ribbon Income secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17 % return per unit of risk over the last 3 months. Blue Ribbon Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blue Ribbon's Mean Deviation of 0.8949, risk adjusted performance of (0.14), and Standard Deviation of 1.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blue Ribbon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blue Ribbon is expected to be smaller as well. At this point, Blue Ribbon Income has a negative expected return of -0.21%. Please make sure to confirm Blue Ribbon's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Blue Ribbon Income performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Blue Ribbon Income has good predictability. Overlapping area represents the amount of predictability between Blue Ribbon 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 Blue Ribbon Income price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Blue Ribbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Blue Ribbon Income lagged returns against current returns
Autocorrelation, which is Blue Ribbon 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 Blue Ribbon's stock expected returns. We can calculate the autocorrelation of Blue Ribbon returns to help us make a trade decision. For example, suppose you find that Blue Ribbon 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 |
Blue Ribbon 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 Blue Ribbon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Ribbon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Ribbon stock over time.
Current vs Lagged Prices |
| Timeline |
Blue Ribbon Lagged Returns
When evaluating Blue Ribbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Ribbon stock have on its future price. Blue Ribbon 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, Blue Ribbon autocorrelation shows the relationship between Blue Ribbon stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Ribbon Income.
Regressed Prices |
| Timeline |
Pair Trading with Blue Ribbon
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 Blue Ribbon 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 Blue Ribbon will appreciate offsetting losses from the drop in the long position's value.Moving together with Blue Stock
Moving against Blue Stock
| 0.91 | JNJ | Johnson Johnson CDR | PairCorr |
| 0.87 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.66 | VISA | Visa Inc CDR | PairCorr |
The ability to find closely correlated positions to Blue Ribbon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ribbon 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 Blue Ribbon - 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 Blue Ribbon Income to buy it.
The correlation of Blue Ribbon 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 Blue Ribbon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Ribbon Income 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 Blue Ribbon 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 Blue Stock
Blue Ribbon financial ratios help investors to determine whether Blue 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 Blue with respect to the benefits of owning Blue Ribbon security.