PKSHA TECHNOLOGY (Germany) Market Value
| 762 Stock | EUR 19.50 0.70 3.47% |
| Symbol | PKSHA |
PKSHA TECHNOLOGY '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 PKSHA TECHNOLOGY'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 PKSHA TECHNOLOGY.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in PKSHA TECHNOLOGY on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding PKSHA TECHNOLOGY INC or generate 0.0% return on investment in PKSHA TECHNOLOGY over 90 days. PKSHA TECHNOLOGY is related to or competes with Check Point, Micron Technology, Microchip Technology, Iridium Communications, BORR DRILLING, COMPUTERSHARE, and GMO Internet. The company offers text comprehension module to understand the meaning of text data HRUS, an area-specific imagevideo re... More
PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY'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 PKSHA TECHNOLOGY INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.15 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 5.5 |
PKSHA TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PKSHA TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PKSHA TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use PKSHA TECHNOLOGY historical prices to predict the future PKSHA TECHNOLOGY's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | 0.0716 | |||
| Treynor Ratio | (2.15) |
PKSHA TECHNOLOGY INC Backtested Returns
PKSHA TECHNOLOGY INC maintains Sharpe Ratio (i.e., Efficiency) of -0.0806, which implies the firm had a -0.0806 % return per unit of standard deviation over the last 3 months. PKSHA TECHNOLOGY INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PKSHA TECHNOLOGY's Risk Adjusted Performance of (0.08), coefficient of variation of (973.80), and Market Risk Adjusted Performance of (2.14) to confirm the risk estimate we provide. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, PKSHA TECHNOLOGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding PKSHA TECHNOLOGY is expected to be smaller as well. At this point, PKSHA TECHNOLOGY INC has a negative expected return of -0.29%. Please make sure to check PKSHA TECHNOLOGY's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if PKSHA TECHNOLOGY INC performance from the past will be repeated at future time.
Auto-correlation | 0.27 |
Poor predictability
PKSHA TECHNOLOGY INC has poor predictability. Overlapping area represents the amount of predictability between PKSHA TECHNOLOGY time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 PKSHA TECHNOLOGY INC price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current PKSHA TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 5.91 |
PKSHA TECHNOLOGY INC lagged returns against current returns
Autocorrelation, which is PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of PKSHA TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that PKSHA TECHNOLOGY 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 |
PKSHA TECHNOLOGY 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 PKSHA TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PKSHA TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PKSHA TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
PKSHA TECHNOLOGY Lagged Returns
When evaluating PKSHA TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PKSHA TECHNOLOGY stock have on its future price. PKSHA TECHNOLOGY 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, PKSHA TECHNOLOGY autocorrelation shows the relationship between PKSHA TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in PKSHA TECHNOLOGY INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PKSHA Stock
PKSHA TECHNOLOGY financial ratios help investors to determine whether PKSHA 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 PKSHA with respect to the benefits of owning PKSHA TECHNOLOGY security.