PGE (Germany) Market Value
| PCG Stock | EUR 18.59 0.02 0.11% |
| Symbol | PGE |
PGE '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 PGE'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 PGE.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in PGE on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding PGE Corporation or generate 0.0% return on investment in PGE over 390 days. PGE is related to or competes with Fukuyama Transporting, Methode Electronics, Electronic Arts, Benchmark Electronics, Transport International, LPKF Laser, and Schweizer Electronic. PGE Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electrici... More
PGE 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 PGE'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 PGE Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.52 |
PGE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PGE's standard deviation. In reality, there are many statistical measures that can use PGE historical prices to predict the future PGE's volatility.| Risk Adjusted Performance | 0.0556 | |||
| Jensen Alpha | 0.0924 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (6.32) |
PGE Corporation Backtested Returns
At this point, PGE is very steady. PGE Corporation maintains Sharpe Ratio (i.e., Efficiency) of 0.069, which implies the firm had a 0.069% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for PGE Corporation, which you can use to evaluate the volatility of the company. Please check PGE's Mean Deviation of 1.09, semi deviation of 1.41, and Risk Adjusted Performance of 0.0556 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. PGE has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.0144, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PGE are expected to decrease at a much lower rate. During the bear market, PGE is likely to outperform the market. PGE Corporation now holds a risk of 1.47%. Please check PGE Corporation downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if PGE Corporation will be following its historical price patterns.
Auto-correlation | 0.34 |
Below average predictability
PGE Corporation has below average predictability. Overlapping area represents the amount of predictability between PGE time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 PGE Corporation price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current PGE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
PGE Corporation lagged returns against current returns
Autocorrelation, which is PGE 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 PGE's stock expected returns. We can calculate the autocorrelation of PGE returns to help us make a trade decision. For example, suppose you find that PGE 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 |
PGE 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 PGE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PGE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PGE stock over time.
Current vs Lagged Prices |
| Timeline |
PGE Lagged Returns
When evaluating PGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PGE stock have on its future price. PGE 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, PGE autocorrelation shows the relationship between PGE stock current value and its past values and can show if there is a momentum factor associated with investing in PGE Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PGE Stock
PGE financial ratios help investors to determine whether PGE 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 PGE with respect to the benefits of owning PGE security.