Tri Continental Pfd Preferred Stock Market Value
| TY-P Preferred Stock | USD 45.00 0.45 0.99% |
| Symbol | Tri |
Tri Continental '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 Tri Continental's preferred 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 Tri Continental.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Tri Continental on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tri Continental PFD or generate 0.0% return on investment in Tri Continental over 30 days. Tri Continental is related to or competes with Gabelli Equity, Virtus AllianzGI, Oxford Lane, Gabelli Utility, Gabelli Multimedia, DTF Tax, and Invesco California. More
Tri Continental 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 Tri Continental's preferred 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 Tri Continental PFD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.25 |
Tri Continental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tri Continental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tri Continental's standard deviation. In reality, there are many statistical measures that can use Tri Continental historical prices to predict the future Tri Continental's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.791 |
Tri Continental PFD Backtested Returns
Tri Continental PFD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Tri Continental PFD exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tri Continental's Variance of 0.5092, coefficient of variation of (1,192), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.0883, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tri Continental are expected to decrease at a much lower rate. During the bear market, Tri Continental is likely to outperform the market. At this point, Tri Continental PFD has a negative expected return of -0.0765%. Please make sure to validate Tri Continental's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Tri Continental PFD performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Tri Continental PFD has virtually no predictability. Overlapping area represents the amount of predictability between Tri Continental time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tri Continental PFD price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Tri Continental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Tri Continental PFD lagged returns against current returns
Autocorrelation, which is Tri Continental preferred 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 Tri Continental's preferred stock expected returns. We can calculate the autocorrelation of Tri Continental returns to help us make a trade decision. For example, suppose you find that Tri Continental has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Tri Continental 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 Tri Continental preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tri Continental preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tri Continental preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Tri Continental Lagged Returns
When evaluating Tri Continental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tri Continental preferred stock have on its future price. Tri Continental 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, Tri Continental autocorrelation shows the relationship between Tri Continental preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Tri Continental PFD.
Regressed Prices |
| Timeline |
Pair Trading with Tri Continental
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 Tri Continental 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 Tri Continental will appreciate offsetting losses from the drop in the long position's value.Moving together with Tri Preferred Stock
Moving against Tri Preferred Stock
| 0.77 | INPAP | International Paper | PairCorr |
| 0.74 | BANGN | Emera Maine PFD | PairCorr |
| 0.51 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.4 | SSNLF | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Tri Continental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tri Continental 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 Tri Continental - 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 Tri Continental PFD to buy it.
The correlation of Tri Continental 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 Tri Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tri Continental PFD 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 Tri Continental 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 Tri Preferred Stock Analysis
When running Tri Continental's price analysis, check to measure Tri Continental'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 Tri Continental is operating at the current time. Most of Tri Continental's value examination focuses on studying past and present price action to predict the probability of Tri Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tri Continental's price. Additionally, you may evaluate how the addition of Tri Continental to your portfolios can decrease your overall portfolio volatility.