PF Atlantic (Denmark) Market Value
| ATLA-DKK | DKK 1.88 0.10 5.05% |
| Symbol | ATLA-DKK |
PF Atlantic '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 PF Atlantic'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 PF Atlantic.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in PF Atlantic on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding PF Atlantic Petroleum or generate 0.0% return on investment in PF Atlantic over 90 days. PF Atlantic is related to or competes with BioPorto, CBrain AS, Orphazyme, TORM Plc, and Zealand Pharma. PF Atlantic Petroleum, together with its subsidiaries, engages in the exploration, appraisal, development, and productio... More
PF Atlantic 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 PF Atlantic'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 PF Atlantic Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.84 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 6.1 |
PF Atlantic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PF Atlantic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PF Atlantic's standard deviation. In reality, there are many statistical measures that can use PF Atlantic historical prices to predict the future PF Atlantic's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 0.2483 |
PF Atlantic Petroleum Backtested Returns
PF Atlantic Petroleum retains Efficiency (Sharpe Ratio) of -0.0994, which implies the firm had a -0.0994% return per unit of price deviation over the last 3 months. PF Atlantic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PF Atlantic's market risk adjusted performance of 0.2583, and Information Ratio of (0.13) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -1.46, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning PF Atlantic are expected to decrease by larger amounts. On the other hand, during market turmoil, PF Atlantic is expected to outperform it. At this point, PF Atlantic Petroleum has a negative expected return of -0.35%. Please make sure to check PF Atlantic's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if PF Atlantic Petroleum performance from the past will be repeated sooner or later.
Auto-correlation | 0.82 |
Very good predictability
PF Atlantic Petroleum has very good predictability. Overlapping area represents the amount of predictability between PF Atlantic time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th of December 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 PF Atlantic Petroleum price movement. The serial correlation of 0.82 indicates that around 82.0% of current PF Atlantic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PF Atlantic Petroleum lagged returns against current returns
Autocorrelation, which is PF Atlantic 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 PF Atlantic's stock expected returns. We can calculate the autocorrelation of PF Atlantic returns to help us make a trade decision. For example, suppose you find that PF Atlantic 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 |
PF Atlantic 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 PF Atlantic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PF Atlantic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PF Atlantic stock over time.
Current vs Lagged Prices |
| Timeline |
PF Atlantic Lagged Returns
When evaluating PF Atlantic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PF Atlantic stock have on its future price. PF Atlantic 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, PF Atlantic autocorrelation shows the relationship between PF Atlantic stock current value and its past values and can show if there is a momentum factor associated with investing in PF Atlantic Petroleum.
Regressed Prices |
| Timeline |
Pair Trading with PF Atlantic
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 PF Atlantic 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 PF Atlantic will appreciate offsetting losses from the drop in the long position's value.Moving together with ATLA-DKK Stock
Moving against ATLA-DKK Stock
The ability to find closely correlated positions to PF Atlantic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PF Atlantic 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 PF Atlantic - 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 PF Atlantic Petroleum to buy it.
The correlation of PF Atlantic 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 PF Atlantic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PF Atlantic Petroleum 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 PF Atlantic 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 ATLA-DKK Stock
PF Atlantic financial ratios help investors to determine whether ATLA-DKK 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 ATLA-DKK with respect to the benefits of owning PF Atlantic security.