Pinnacle West (UK) Market Value
| 0KIT Stock | 92.11 1.34 1.43% |
| Symbol | Pinnacle |
Pinnacle West '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 Pinnacle West'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 Pinnacle West.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Pinnacle West on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Pinnacle West Capital or generate 0.0% return on investment in Pinnacle West over 30 days. Pinnacle West is related to or competes with Pets At, Check Point, Fortune Brands, American Homes, United States, and Vitec Software. Pinnacle West is entity of United Kingdom More
Pinnacle West 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 Pinnacle West'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 Pinnacle West Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.0314 | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.58 |
Pinnacle West Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle West's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle West's standard deviation. In reality, there are many statistical measures that can use Pinnacle West historical prices to predict the future Pinnacle West's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | 0.0348 | |||
| Sortino Ratio | 0.0295 | |||
| Treynor Ratio | 0.083 |
Pinnacle West Capital Backtested Returns
Pinnacle West Capital maintains Sharpe Ratio (i.e., Efficiency) of -0.0137, which implies the firm had a -0.0137 % return per unit of risk over the last 3 months. Pinnacle West Capital exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pinnacle West's Semi Deviation of 1.02, risk adjusted performance of 0.0285, and Coefficient Of Variation of 2869.49 to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pinnacle West's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pinnacle West is expected to be smaller as well. At this point, Pinnacle West Capital has a negative expected return of -0.0133%. Please make sure to check Pinnacle West's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Pinnacle West Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Pinnacle West Capital has very good predictability. Overlapping area represents the amount of predictability between Pinnacle West time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Pinnacle West Capital price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Pinnacle West price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Pinnacle West Capital lagged returns against current returns
Autocorrelation, which is Pinnacle West 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 Pinnacle West's stock expected returns. We can calculate the autocorrelation of Pinnacle West returns to help us make a trade decision. For example, suppose you find that Pinnacle West 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 |
Pinnacle West 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 Pinnacle West stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle West stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle West stock over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle West Lagged Returns
When evaluating Pinnacle West's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle West stock have on its future price. Pinnacle West 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, Pinnacle West autocorrelation shows the relationship between Pinnacle West stock current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle West Capital.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Pinnacle Stock Analysis
When running Pinnacle West's price analysis, check to measure Pinnacle West'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 Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.