Pace Metals Stock Market Value
| PACE Stock | 0.16 0.00 0.00% |
| Symbol | Pace |
Pace 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 Pace 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 Pace Metals.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Pace Metals on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pace Metals or generate 0.0% return on investment in Pace Metals over 30 days. Pace Metals is related to or competes with Eddy Smart, Royal Bank, Definity Financial, HPQ Silicon, Quipt Home, IGM Financial, and Financial. Pace Metals is entity of Canada. It is traded as Stock on V exchange. More
Pace 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 Pace 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 Pace Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0231 | |||
| Maximum Drawdown | 49.12 | |||
| Value At Risk | (11.11) |
Pace Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pace Metals' standard deviation. In reality, there are many statistical measures that can use Pace Metals historical prices to predict the future Pace Metals' volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | 0.1508 | |||
| Total Risk Alpha | 0.0241 | |||
| Treynor Ratio | 0.3759 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pace Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pace Metals Backtested Returns
Pace Metals maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Pace Metals exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pace Metals' Coefficient Of Variation of 3626.97, variance of 37.19, and Risk Adjusted Performance of 0.0307 to confirm the risk estimate we provide. The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pace Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pace Metals is expected to be smaller as well. At this point, Pace Metals has a negative expected return of -0.32%. Please make sure to check Pace Metals' coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if Pace Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Pace Metals has perfect predictability. Overlapping area represents the amount of predictability between Pace Metals time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Pace Metals price movement. The serial correlation of 1.0 indicates that 100.0% of current Pace Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pace Metals lagged returns against current returns
Autocorrelation, which is Pace 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 Pace Metals' stock expected returns. We can calculate the autocorrelation of Pace Metals returns to help us make a trade decision. For example, suppose you find that Pace 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 |
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Pace 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 Pace Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pace Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pace Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Pace Metals Lagged Returns
When evaluating Pace Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pace Metals stock have on its future price. Pace 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, Pace Metals autocorrelation shows the relationship between Pace Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Pace Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pace Stock Analysis
When running Pace Metals' price analysis, check to measure Pace Metals' 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 Pace Metals is operating at the current time. Most of Pace Metals' value examination focuses on studying past and present price action to predict the probability of Pace Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pace Metals' price. Additionally, you may evaluate how the addition of Pace Metals to your portfolios can decrease your overall portfolio volatility.