Stantec Stock Market Value
| STN Stock | CAD 121.27 0.21 0.17% |
| Symbol | Stantec |
Stantec Price To Book Ratio
Stantec '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 Stantec'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 Stantec.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Stantec on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Stantec or generate 0.0% return on investment in Stantec over 30 days. Stantec is related to or competes with Toromont Industries, WSP Global, Ritchie Bros, Stella Jones, and Finning International. Stantec Inc. provides professional consulting services in the area of infrastructure and facilities for clients in the p... More
Stantec 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 Stantec'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 Stantec upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.45 |
Stantec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stantec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stantec's standard deviation. In reality, there are many statistical measures that can use Stantec historical prices to predict the future Stantec's volatility.| Risk Adjusted Performance | 0.0757 | |||
| Jensen Alpha | 0.0733 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3404 |
Stantec Backtested Returns
As of now, Stantec Stock is very steady. Stantec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Stantec, which you can use to evaluate the volatility of the company. Please validate Stantec's Coefficient Of Variation of 1069.55, semi deviation of 1.08, and Risk Adjusted Performance of 0.0757 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Stantec has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stantec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stantec is expected to be smaller as well. Stantec right now has a risk of 1.3%. Please validate Stantec downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Stantec will be following its existing price patterns.
Auto-correlation | 0.40 |
Average predictability
Stantec has average predictability. Overlapping area represents the amount of predictability between Stantec time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Stantec price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Stantec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 5.0 |
Stantec lagged returns against current returns
Autocorrelation, which is Stantec 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 Stantec's stock expected returns. We can calculate the autocorrelation of Stantec returns to help us make a trade decision. For example, suppose you find that Stantec 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 |
Stantec 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 Stantec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stantec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stantec stock over time.
Current vs Lagged Prices |
| Timeline |
Stantec Lagged Returns
When evaluating Stantec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stantec stock have on its future price. Stantec 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, Stantec autocorrelation shows the relationship between Stantec stock current value and its past values and can show if there is a momentum factor associated with investing in Stantec.
Regressed Prices |
| Timeline |
Pair Trading with Stantec
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 Stantec 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 Stantec will appreciate offsetting losses from the drop in the long position's value.Moving against Stantec Stock
The ability to find closely correlated positions to Stantec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stantec 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 Stantec - 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 Stantec to buy it.
The correlation of Stantec 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 Stantec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stantec 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 Stantec 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.Check out Stantec Correlation, Stantec Volatility and Stantec Alpha and Beta module to complement your research on Stantec. To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Stantec technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.