True North Commercial Stock Market Value
| TNT-UN Stock | CAD 8.36 0.32 3.98% |
| Symbol | True |
True North '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 True North'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 True North.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in True North on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding True North Commercial or generate 0.0% return on investment in True North over 90 days. True North is related to or competes with Inovalis Real, BTB Real, Slate Grocery, and NorthWest Healthcare. The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ont... More
True North 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 True North'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 True North Commercial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.53 |
True North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True North's standard deviation. In reality, there are many statistical measures that can use True North historical prices to predict the future True North's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of True North'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.
True North Commercial Backtested Returns
True North Commercial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2 % return per unit of risk over the last 3 months. True North Commercial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate True North's Risk Adjusted Performance of (0.14), coefficient of variation of (592.03), and Variance of 4.62 to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, True North's returns are expected to increase less than the market. However, during the bear market, the loss of holding True North is expected to be smaller as well. At this point, True North Commercial has a negative expected return of -0.42%. Please make sure to validate True North's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if True North Commercial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
True North Commercial has very good predictability. Overlapping area represents the amount of predictability between True North 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 True North Commercial price movement. The serial correlation of 0.83 indicates that around 83.0% of current True North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
True North Commercial lagged returns against current returns
Autocorrelation, which is True North 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 True North's stock expected returns. We can calculate the autocorrelation of True North returns to help us make a trade decision. For example, suppose you find that True North 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 |
True North 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 True North stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True North stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True North stock over time.
Current vs Lagged Prices |
| Timeline |
True North Lagged Returns
When evaluating True North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True North stock have on its future price. True North 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, True North autocorrelation shows the relationship between True North stock current value and its past values and can show if there is a momentum factor associated with investing in True North Commercial.
Regressed Prices |
| Timeline |
Other Information on Investing in True Stock
True North financial ratios help investors to determine whether True 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 True with respect to the benefits of owning True North security.