Slate Grocery Reit Stock Market Value
| SGR-U Stock | USD 10.70 0.07 0.66% |
| Symbol | Slate |
Slate Grocery '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 Slate Grocery'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 Slate Grocery.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Slate Grocery on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Slate Grocery REIT or generate 0.0% return on investment in Slate Grocery over 360 days. Slate Grocery is related to or competes with NeXGold Mining, Capstone Mining, Endeavour Silver, Nicola Mining, Monument Mining, Arizona Gold, and Vizsla Silver. Slate Grocery REIT is an owner and operator of U.S More
Slate Grocery 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 Slate Grocery'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 Slate Grocery REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0684 | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 3.65 |
Slate Grocery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Slate Grocery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Slate Grocery's standard deviation. In reality, there are many statistical measures that can use Slate Grocery historical prices to predict the future Slate Grocery's volatility.| Risk Adjusted Performance | 0.1317 | |||
| Jensen Alpha | 0.1872 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0772 | |||
| Treynor Ratio | 0.7815 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Slate Grocery'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.
Slate Grocery REIT Backtested Returns
Slate Grocery appears to be not too volatile, given 3 months investment horizon. Slate Grocery REIT owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Slate Grocery REIT, which you can use to evaluate the volatility of the company. Please review Slate Grocery's Risk Adjusted Performance of 0.1317, semi deviation of 0.6066, and Coefficient Of Variation of 601.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Slate Grocery holds a performance score of 13. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Slate Grocery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Slate Grocery is expected to be smaller as well. Please check Slate Grocery's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Slate Grocery's existing price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Slate Grocery REIT has good reverse predictability. Overlapping area represents the amount of predictability between Slate Grocery time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Slate Grocery REIT price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Slate Grocery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Slate Grocery REIT lagged returns against current returns
Autocorrelation, which is Slate Grocery 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 Slate Grocery's stock expected returns. We can calculate the autocorrelation of Slate Grocery returns to help us make a trade decision. For example, suppose you find that Slate Grocery 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 |
Slate Grocery 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 Slate Grocery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Slate Grocery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Slate Grocery stock over time.
Current vs Lagged Prices |
| Timeline |
Slate Grocery Lagged Returns
When evaluating Slate Grocery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Slate Grocery stock have on its future price. Slate Grocery 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, Slate Grocery autocorrelation shows the relationship between Slate Grocery stock current value and its past values and can show if there is a momentum factor associated with investing in Slate Grocery REIT.
Regressed Prices |
| Timeline |
Pair Trading with Slate Grocery
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 Slate Grocery 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 Slate Grocery will appreciate offsetting losses from the drop in the long position's value.Moving against Slate Stock
The ability to find closely correlated positions to Slate Grocery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slate Grocery 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 Slate Grocery - 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 Slate Grocery REIT to buy it.
The correlation of Slate Grocery 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 Slate Grocery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Slate Grocery REIT 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 Slate Grocery 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.Additional Tools for Slate Stock Analysis
When running Slate Grocery's price analysis, check to measure Slate Grocery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Slate Grocery is operating at the current time. Most of Slate Grocery's value examination focuses on studying past and present price action to predict the probability of Slate Grocery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Slate Grocery's price. Additionally, you may evaluate how the addition of Slate Grocery to your portfolios can decrease your overall portfolio volatility.