Power Metals' market value is the price at which a share of Power Metals trades on a public exchange. It measures the collective expectations of Power Metals Corp investors about its performance. Power Metals is trading at 0.3 as of the 6th of January 2025. This is a 7.14% increase since the beginning of the trading day. The stock's lowest day price was 0.3. With this module, you can estimate the performance of a buy and hold strategy of Power Metals Corp and determine expected loss or profit from investing in Power Metals over a given investment horizon. Check out Power Metals Correlation, Power Metals Volatility and Power Metals Alpha and Beta module to complement your research on Power Metals.
Please note, there is a significant difference between Power Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Power Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Power Metals' 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.
Power Metals '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 Power Metals' 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 Power Metals.
0.00
12/07/2024
No Change 0.00
0.0
In 31 days
01/06/2025
0.00
If you would invest 0.00 in Power Metals on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Power Metals Corp or generate 0.0% return on investment in Power Metals over 30 days. Power Metals is related to or competes with PARKEN Sport, DAIDO METAL, ARDAGH METAL, Ross Stores, Aluminumof China, FIREWEED METALS, and PICKN PAY. Power Metals Corp. engages in the acquisition, exploration, and evaluation of resource properties in Canada More
Power Metals 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 Power Metals' 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 Power Metals Corp 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 Power Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Metals' standard deviation. In reality, there are many statistical measures that can use Power Metals historical prices to predict the future Power Metals' volatility.
Power Metals appears to be out of control, given 3 months investment horizon. Power Metals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0705, which implies the firm had a 0.0705% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Power Metals Corp, which you can use to evaluate the volatility of the company. Please evaluate Power Metals' Coefficient Of Variation of 1417.6, semi deviation of 4.45, and Risk Adjusted Performance of 0.0657 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Power Metals holds a performance score of 5. The company holds a Beta of -0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Power Metals are expected to decrease at a much lower rate. During the bear market, Power Metals is likely to outperform the market. Please check Power Metals' maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether Power Metals' historical price patterns will revert.
Auto-correlation
0.11
Insignificant predictability
Power Metals Corp has insignificant predictability. Overlapping area represents the amount of predictability between Power Metals time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Power Metals Corp price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Power Metals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.66
Residual Average
0.0
Price Variance
0.0
Power Metals Corp lagged returns against current returns
Autocorrelation, which is Power Metals 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 Power Metals' stock expected returns. We can calculate the autocorrelation of Power Metals returns to help us make a trade decision. For example, suppose you find that Power Metals 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
Power Metals 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 Power Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Metals stock over time.
Current vs Lagged Prices
Timeline
Power Metals Lagged Returns
When evaluating Power Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Metals stock have on its future price. Power Metals 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, Power Metals autocorrelation shows the relationship between Power Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Power Metals Corp.
Power Metals financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Metals security.