Pengxin International's market value is the price at which a share of Pengxin International trades on a public exchange. It measures the collective expectations of Pengxin International Mining investors about its performance. Pengxin International is trading at 2.95 as of the 11th of January 2025, a 3.28 percent decrease since the beginning of the trading day. The stock's open price was 3.05. With this module, you can estimate the performance of a buy and hold strategy of Pengxin International Mining and determine expected loss or profit from investing in Pengxin International over a given investment horizon. Check out Pengxin International Correlation, Pengxin International Volatility and Pengxin International Alpha and Beta module to complement your research on Pengxin International.
Please note, there is a significant difference between Pengxin International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pengxin International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pengxin International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pengxin International '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 Pengxin International'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 Pengxin International.
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12/12/2024
No Change 0.00
0.0
In 31 days
01/11/2025
0.00
If you would invest 0.00 in Pengxin International on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Pengxin International Mining or generate 0.0% return on investment in Pengxin International over 30 days. Pengxin International is related to or competes with Vohringer Home, Ningbo Kangqiang, Oppein Home, Shandong Homey, Fuzhou Rockchip, YiDong Electronics, and Shenzhen Clou. Pengxin International is entity of China More
Pengxin International 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 Pengxin International'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 Pengxin International Mining upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pengxin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pengxin International's standard deviation. In reality, there are many statistical measures that can use Pengxin International historical prices to predict the future Pengxin International's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pengxin International. Your research has to be compared to or analyzed against Pengxin International's peers to derive any actionable benefits. When done correctly, Pengxin International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pengxin International.
Pengxin International Backtested Returns
At this point, Pengxin International is risky. Pengxin International maintains Sharpe Ratio (i.e., Efficiency) of 0.0207, which implies the firm had a 0.0207% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pengxin International, which you can use to evaluate the volatility of the company. Please check Pengxin International's Semi Deviation of 3.03, risk adjusted performance of 0.0246, and Coefficient Of Variation of 4878.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.0764%. Pengxin International has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pengxin International are expected to decrease at a much lower rate. During the bear market, Pengxin International is likely to outperform the market. Pengxin International right now holds a risk of 3.69%. Please check Pengxin International standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Pengxin International will be following its historical price patterns.
Auto-correlation
-0.54
Good reverse predictability
Pengxin International Mining has good reverse predictability. Overlapping area represents the amount of predictability between Pengxin International time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 Pengxin International price movement. The serial correlation of -0.54 indicates that about 54.0% of current Pengxin International price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.54
Spearman Rank Test
-0.76
Residual Average
0.0
Price Variance
0.06
Pengxin International lagged returns against current returns
Autocorrelation, which is Pengxin International 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 Pengxin International's stock expected returns. We can calculate the autocorrelation of Pengxin International returns to help us make a trade decision. For example, suppose you find that Pengxin International 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
Pengxin International 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 Pengxin International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pengxin International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pengxin International stock over time.
Current vs Lagged Prices
Timeline
Pengxin International Lagged Returns
When evaluating Pengxin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pengxin International stock have on its future price. Pengxin International 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, Pengxin International autocorrelation shows the relationship between Pengxin International stock current value and its past values and can show if there is a momentum factor associated with investing in Pengxin International Mining.
Pengxin International financial ratios help investors to determine whether Pengxin 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 Pengxin with respect to the benefits of owning Pengxin International security.