Powerband Solutions Stock Market Value
| PBX Stock | CAD 0.13 0.01 7.14% |
| Symbol | PowerBand |
PowerBand Solutions Price To Book Ratio
PowerBand Solutions '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 PowerBand Solutions' 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 PowerBand Solutions.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in PowerBand Solutions on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding PowerBand Solutions or generate 0.0% return on investment in PowerBand Solutions over 360 days. PowerBand Solutions Inc., a technology company, develops, markets, and sells online auction software and financing solut... More
PowerBand Solutions 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 PowerBand Solutions' 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 PowerBand Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.72 | |||
| Information Ratio | 0.1727 | |||
| Maximum Drawdown | 32.5 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 16.67 |
PowerBand Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PowerBand Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PowerBand Solutions' standard deviation. In reality, there are many statistical measures that can use PowerBand Solutions historical prices to predict the future PowerBand Solutions' volatility.| Risk Adjusted Performance | 0.1548 | |||
| Jensen Alpha | 1.47 | |||
| Total Risk Alpha | 0.1714 | |||
| Sortino Ratio | 0.1704 | |||
| Treynor Ratio | (8.08) |
PowerBand Solutions Backtested Returns
PowerBand Solutions is out of control given 3 months investment horizon. PowerBand Solutions maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use PowerBand Solutions Coefficient Of Variation of 524.29, risk adjusted performance of 0.1548, and Semi Deviation of 4.64 to evaluate company specific risk that cannot be diversified away. PowerBand Solutions holds a performance score of 16 on a scale of zero to a hundred. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PowerBand Solutions are expected to decrease at a much lower rate. During the bear market, PowerBand Solutions is likely to outperform the market. Use PowerBand Solutions downside variance, as well as the relationship between the kurtosis and day typical price , to analyze future returns on PowerBand Solutions.
Auto-correlation | 0.87 |
Very good predictability
PowerBand Solutions has very good predictability. Overlapping area represents the amount of predictability between PowerBand Solutions time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 PowerBand Solutions price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current PowerBand Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PowerBand Solutions lagged returns against current returns
Autocorrelation, which is PowerBand Solutions 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 PowerBand Solutions' stock expected returns. We can calculate the autocorrelation of PowerBand Solutions returns to help us make a trade decision. For example, suppose you find that PowerBand Solutions 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 |
PowerBand Solutions 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 PowerBand Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PowerBand Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PowerBand Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
PowerBand Solutions Lagged Returns
When evaluating PowerBand Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PowerBand Solutions stock have on its future price. PowerBand Solutions 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, PowerBand Solutions autocorrelation shows the relationship between PowerBand Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in PowerBand Solutions.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PowerBand Stock Analysis
When running PowerBand Solutions' price analysis, check to measure PowerBand Solutions' 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 PowerBand Solutions is operating at the current time. Most of PowerBand Solutions' value examination focuses on studying past and present price action to predict the probability of PowerBand Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PowerBand Solutions' price. Additionally, you may evaluate how the addition of PowerBand Solutions to your portfolios can decrease your overall portfolio volatility.