Commerce Split Corp Stock Market Value
| YCM Stock | CAD 4.92 0.12 2.50% |
| Symbol | Commerce |
Commerce Split Corp Price To Book Ratio
Commerce Split '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 Commerce Split'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 Commerce Split.
| 02/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in Commerce Split on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding Commerce Split Corp or generate 0.0% return on investment in Commerce Split over 720 days. Commerce Split is related to or competes with Clarke, Guardian Capital, Accord Financial, E L, and Senvest Capital. New Commerce Split Fund is an equity mutual fund launched and managed by Quadravest Capital Management Inc More
Commerce Split 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 Commerce Split'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 Commerce Split Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.0718 | |||
| Maximum Drawdown | 10.71 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 3.13 |
Commerce Split Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commerce Split's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commerce Split's standard deviation. In reality, there are many statistical measures that can use Commerce Split historical prices to predict the future Commerce Split's volatility.| Risk Adjusted Performance | 0.0832 | |||
| Jensen Alpha | 0.1485 | |||
| Total Risk Alpha | 0.0984 | |||
| Sortino Ratio | 0.0417 | |||
| Treynor Ratio | 0.6991 |
Commerce Split Corp Backtested Returns
As of now, Commerce Stock is somewhat reliable. Commerce Split Corp secures Sharpe Ratio (or Efficiency) of 0.0897, which signifies that the company had a 0.0897 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Commerce Split Corp, which you can use to evaluate the volatility of the firm. Please confirm Commerce Split's Mean Deviation of 0.9969, risk adjusted performance of 0.0832, and Downside Deviation of 3.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Commerce Split has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Commerce Split's returns are expected to increase less than the market. However, during the bear market, the loss of holding Commerce Split is expected to be smaller as well. Commerce Split Corp right now shows a risk of 1.56%. Please confirm Commerce Split Corp semi variance, and the relationship between the maximum drawdown and daily balance of power , to decide if Commerce Split Corp will be following its price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Commerce Split Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Commerce Split time series from 2nd of February 2023 to 28th of January 2024 and 28th of January 2024 to 22nd of January 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 Commerce Split Corp price movement. The serial correlation of -0.68 indicates that around 68.0% of current Commerce Split price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Commerce Split Corp lagged returns against current returns
Autocorrelation, which is Commerce Split 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 Commerce Split's stock expected returns. We can calculate the autocorrelation of Commerce Split returns to help us make a trade decision. For example, suppose you find that Commerce Split 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 |
Commerce Split 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 Commerce Split stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commerce Split stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commerce Split stock over time.
Current vs Lagged Prices |
| Timeline |
Commerce Split Lagged Returns
When evaluating Commerce Split's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commerce Split stock have on its future price. Commerce Split 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, Commerce Split autocorrelation shows the relationship between Commerce Split stock current value and its past values and can show if there is a momentum factor associated with investing in Commerce Split Corp.
Regressed Prices |
| Timeline |
Pair Trading with Commerce Split
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 Commerce Split 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 Commerce Split will appreciate offsetting losses from the drop in the long position's value.Moving against Commerce Stock
The ability to find closely correlated positions to Commerce Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commerce Split 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 Commerce Split - 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 Commerce Split Corp to buy it.
The correlation of Commerce Split 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 Commerce Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commerce Split Corp 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 Commerce Split 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.Other Information on Investing in Commerce Stock
Commerce Split financial ratios help investors to determine whether Commerce 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 Commerce with respect to the benefits of owning Commerce Split security.