Pacific Bay Minerals Stock Market Value
| PBM Stock | CAD 0.05 0.00 0.00% |
| Symbol | Pacific |
Pacific Bay '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 Pacific Bay'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 Pacific Bay.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Pacific Bay on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Bay Minerals or generate 0.0% return on investment in Pacific Bay over 90 days. Pacific Bay is related to or competes with US Financial, Financial, CI Financial, IA Financial, E L, Rogers Communications, and Postmedia Network. Pacific Bay Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Pacific Bay 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 Pacific Bay'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 Pacific Bay Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 44.44 |
Pacific Bay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Bay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Bay's standard deviation. In reality, there are many statistical measures that can use Pacific Bay historical prices to predict the future Pacific Bay's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | 0.1236 | |||
| Treynor Ratio | (0.41) |
Pacific Bay Minerals Backtested Returns
Pacific Bay Minerals maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13 % return per unit of risk over the last 3 months. Pacific Bay Minerals exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacific Bay's Risk Adjusted Performance of (0.1), variance of 32.92, and Coefficient Of Variation of (774.60) to confirm the risk estimate we provide. The company holds a Beta of 1.85, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pacific Bay will likely underperform. At this point, Pacific Bay Minerals has a negative expected return of -0.74%. Please make sure to check Pacific Bay's mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Pacific Bay Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Pacific Bay Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Pacific Bay time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Pacific Bay Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pacific Bay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Bay Minerals lagged returns against current returns
Autocorrelation, which is Pacific Bay 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 Pacific Bay's stock expected returns. We can calculate the autocorrelation of Pacific Bay returns to help us make a trade decision. For example, suppose you find that Pacific Bay 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 |
Pacific Bay 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 Pacific Bay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Bay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Bay stock over time.
Current vs Lagged Prices |
| Timeline |
Pacific Bay Lagged Returns
When evaluating Pacific Bay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Bay stock have on its future price. Pacific Bay 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, Pacific Bay autocorrelation shows the relationship between Pacific Bay stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Bay Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pacific Stock Analysis
When running Pacific Bay's price analysis, check to measure Pacific Bay's 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 Pacific Bay is operating at the current time. Most of Pacific Bay's value examination focuses on studying past and present price action to predict the probability of Pacific Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Bay's price. Additionally, you may evaluate how the addition of Pacific Bay to your portfolios can decrease your overall portfolio volatility.