Pacific Gas' market value is the price at which a share of Pacific Gas trades on a public exchange. It measures the collective expectations of Pacific Gas Electric investors about its performance. Pacific Gas is trading at 18.68 as of the 25th of December 2024, a 5.18 percent decrease since the beginning of the trading day. The preferred stock's lowest day price was 18.68. With this module, you can estimate the performance of a buy and hold strategy of Pacific Gas Electric and determine expected loss or profit from investing in Pacific Gas over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
Pacific
Pacific Gas '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 Gas' preferred 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 Gas.
0.00
10/26/2024
No Change 0.00
0.0
In 2 months and 2 days
12/25/2024
0.00
If you would invest 0.00 in Pacific Gas on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Gas Electric or generate 0.0% return on investment in Pacific Gas over 60 days.
Pacific Gas 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 Gas' preferred 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 Gas Electric 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 Pacific Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Gas' standard deviation. In reality, there are many statistical measures that can use Pacific Gas historical prices to predict the future Pacific Gas' volatility.
Pacific Gas Electric maintains Sharpe Ratio (i.e., Efficiency) of -0.079, which implies the firm had a -0.079% return per unit of risk over the last 3 months. Pacific Gas Electric exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacific Gas' Semi Deviation of 2.74, coefficient of variation of 5579.59, and Risk Adjusted Performance of 0.0218 to confirm the risk estimate we provide. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pacific Gas are expected to decrease at a much lower rate. During the bear market, Pacific Gas is likely to outperform the market. At this point, Pacific Gas Electric has a negative expected return of -0.29%. Please make sure to check Pacific Gas' maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Pacific Gas Electric performance from the past will be repeated at some point in the near future.
Auto-correlation
0.15
Insignificant predictability
Pacific Gas Electric has insignificant predictability. Overlapping area represents the amount of predictability between Pacific Gas time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Pacific Gas Electric price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Pacific Gas price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
0.48
Residual Average
0.0
Price Variance
0.6
Pacific Gas Electric lagged returns against current returns
Autocorrelation, which is Pacific Gas preferred 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 Gas' preferred stock expected returns. We can calculate the autocorrelation of Pacific Gas returns to help us make a trade decision. For example, suppose you find that Pacific Gas has exhibited high autocorrelation historically, and you observe that the preferred 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 Gas 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 Gas preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Gas preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Gas preferred stock over time.
Current vs Lagged Prices
Timeline
Pacific Gas Lagged Returns
When evaluating Pacific Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Gas preferred stock have on its future price. Pacific Gas 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 Gas autocorrelation shows the relationship between Pacific Gas preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Gas Electric.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.