George Weston 475 Preferred Stock Market Value
| WN-PE Preferred Stock | CAD 20.18 0.18 0.90% |
| Symbol | George |
George Weston '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 George Weston'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 George Weston.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in George Weston on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding George Weston 475 or generate 0.0% return on investment in George Weston over 60 days. George Weston is related to or competes with Rocky Mountain, Arbor Metals, Royal Bank, Income Financial, Advent Wireless, NeXGold Mining, and Toronto Dominion. George Weston Limited engages in the food processing and distribution business in Canada and Internationally More
George Weston 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 George Weston'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 George Weston 475 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5529 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.24 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.9 |
George Weston Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for George Weston's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as George Weston's standard deviation. In reality, there are many statistical measures that can use George Weston historical prices to predict the future George Weston's volatility.| Risk Adjusted Performance | 0.0272 | |||
| Jensen Alpha | 0.0065 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.258 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of George Weston'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.
George Weston 475 Backtested Returns
Currently, George Weston 475 is very steady. George Weston 475 holds Efficiency (Sharpe) Ratio of 0.0236, which attests that the entity had a 0.0236% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for George Weston 475, which you can use to evaluate the volatility of the firm. Please check out George Weston's Risk Adjusted Performance of 0.0272, market risk adjusted performance of 0.268, and Downside Deviation of 0.5529 to validate if the risk estimate we provide is consistent with the expected return of 0.0126%. George Weston has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0456, which attests to not very significant fluctuations relative to the market. As returns on the market increase, George Weston's returns are expected to increase less than the market. However, during the bear market, the loss of holding George Weston is expected to be smaller as well. George Weston 475 right now retains a risk of 0.54%. Please check out George Weston skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if George Weston will be following its current trending patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
George Weston 475 has very weak reverse predictability. Overlapping area represents the amount of predictability between George Weston time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 George Weston 475 price movement. The serial correlation of -0.06 indicates that barely 6.0% of current George Weston price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
George Weston 475 lagged returns against current returns
Autocorrelation, which is George Weston 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 George Weston's preferred stock expected returns. We can calculate the autocorrelation of George Weston returns to help us make a trade decision. For example, suppose you find that George Weston 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 |
George Weston 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 George Weston preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if George Weston preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in George Weston preferred stock over time.
Current vs Lagged Prices |
| Timeline |
George Weston Lagged Returns
When evaluating George Weston's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of George Weston preferred stock have on its future price. George Weston 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, George Weston autocorrelation shows the relationship between George Weston preferred stock current value and its past values and can show if there is a momentum factor associated with investing in George Weston 475.
Regressed Prices |
| Timeline |
Pair Trading with George Weston
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 George Weston 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 George Weston will appreciate offsetting losses from the drop in the long position's value.Moving together with George Preferred Stock
Moving against George Preferred Stock
| 0.68 | ELF | E L Financial | PairCorr |
| 0.6 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.55 | FFH | Fairfax Financial | PairCorr |
| 0.44 | FFH-PE | Fairfax Financial | PairCorr |
| 0.43 | FFH-PH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to George Weston could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace George Weston 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 George Weston - 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 George Weston 475 to buy it.
The correlation of George Weston 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 George Weston moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if George Weston 475 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 George Weston 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 George Preferred Stock Analysis
When running George Weston's price analysis, check to measure George Weston'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 George Weston is operating at the current time. Most of George Weston's value examination focuses on studying past and present price action to predict the probability of George Weston's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move George Weston's price. Additionally, you may evaluate how the addition of George Weston to your portfolios can decrease your overall portfolio volatility.