Alignvest Acquisition Ii Stock Market Value
| SFC Stock | CAD 6.70 0.22 3.40% |
| Symbol | Alignvest |
Alignvest Acquisition Price To Book Ratio
Alignvest Acquisition '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 Alignvest Acquisition'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 Alignvest Acquisition.
| 02/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in Alignvest Acquisition on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding Alignvest Acquisition II or generate 0.0% return on investment in Alignvest Acquisition over 720 days. Alignvest Acquisition is related to or competes with Tree Island, BMTC, Dexterra, Accord Financial, and Caldwell Partners. Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial servic... More
Alignvest Acquisition 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 Alignvest Acquisition'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 Alignvest Acquisition II upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.0571 | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.54 |
Alignvest Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alignvest Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alignvest Acquisition's standard deviation. In reality, there are many statistical measures that can use Alignvest Acquisition historical prices to predict the future Alignvest Acquisition's volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 0.0912 | |||
| Total Risk Alpha | 0.0589 | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | 0.3658 |
Alignvest Acquisition Backtested Returns
As of now, Alignvest Stock is not too volatile. Alignvest Acquisition 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 twenty-eight technical indicators for Alignvest Acquisition II, which you can use to evaluate the volatility of the firm. Please confirm Alignvest Acquisition's Mean Deviation of 0.8537, risk adjusted performance of 0.076, and Downside Deviation of 1.37 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Alignvest Acquisition has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alignvest Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alignvest Acquisition is expected to be smaller as well. Alignvest Acquisition right now shows a risk of 1.28%. Please confirm Alignvest Acquisition downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Alignvest Acquisition will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Alignvest Acquisition II has virtually no predictability. Overlapping area represents the amount of predictability between Alignvest Acquisition time series from 2nd of February 2023 to 28th of January 2024 and 28th of January 2024 to 22nd 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 Alignvest Acquisition price movement. The serial correlation of 0.01 indicates that just 1.0% of current Alignvest Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Alignvest Acquisition lagged returns against current returns
Autocorrelation, which is Alignvest Acquisition 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 Alignvest Acquisition's stock expected returns. We can calculate the autocorrelation of Alignvest Acquisition returns to help us make a trade decision. For example, suppose you find that Alignvest Acquisition 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 |
Alignvest Acquisition 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 Alignvest Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alignvest Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alignvest Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Alignvest Acquisition Lagged Returns
When evaluating Alignvest Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alignvest Acquisition stock have on its future price. Alignvest Acquisition 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, Alignvest Acquisition autocorrelation shows the relationship between Alignvest Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Alignvest Acquisition II.
Regressed Prices |
| Timeline |
Pair Trading with Alignvest Acquisition
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 Alignvest Acquisition 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 Alignvest Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Alignvest Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alignvest Acquisition 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 Alignvest Acquisition - 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 Alignvest Acquisition II to buy it.
The correlation of Alignvest Acquisition 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 Alignvest Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alignvest Acquisition 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 Alignvest Acquisition 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 Alignvest Stock
Alignvest Acquisition financial ratios help investors to determine whether Alignvest 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 Alignvest with respect to the benefits of owning Alignvest Acquisition security.