Pyramid Games (Poland) Market Value
| PDG Stock | 14.00 1.00 7.69% |
| Symbol | Pyramid |
Pyramid Games '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 Pyramid Games' 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 Pyramid Games.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Pyramid Games on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Pyramid Games SA or generate 0.0% return on investment in Pyramid Games over 90 days. Pyramid Games is related to or competes with LSI Software, Movie Games, Monnari Trade, Play2Chill, and PLAYWAY SA. More
Pyramid Games 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 Pyramid Games' 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 Pyramid Games SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.0614 | |||
| Maximum Drawdown | 41.11 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 8.64 |
Pyramid Games Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pyramid Games' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pyramid Games' standard deviation. In reality, there are many statistical measures that can use Pyramid Games historical prices to predict the future Pyramid Games' volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | 0.3376 | |||
| Total Risk Alpha | 1.07 | |||
| Sortino Ratio | 0.1052 | |||
| Treynor Ratio | 0.5147 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pyramid Games' 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.
Pyramid Games SA Backtested Returns
Pyramid Games appears to be slightly risky, given 3 months investment horizon. Pyramid Games SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0958, which implies the firm had a 0.0958 % return per unit of risk over the last 3 months. By analyzing Pyramid Games' technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please evaluate Pyramid Games' Semi Deviation of 3.37, coefficient of variation of 2187.72, and Risk Adjusted Performance of 0.0484 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pyramid Games holds a performance score of 7. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pyramid Games' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pyramid Games is expected to be smaller as well. Please check Pyramid Games' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Pyramid Games' historical price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Pyramid Games SA has good predictability. Overlapping area represents the amount of predictability between Pyramid Games time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Pyramid Games SA price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Pyramid Games price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 4.46 |
Pyramid Games SA lagged returns against current returns
Autocorrelation, which is Pyramid Games 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 Pyramid Games' stock expected returns. We can calculate the autocorrelation of Pyramid Games returns to help us make a trade decision. For example, suppose you find that Pyramid Games 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 |
Pyramid Games 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 Pyramid Games stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pyramid Games stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pyramid Games stock over time.
Current vs Lagged Prices |
| Timeline |
Pyramid Games Lagged Returns
When evaluating Pyramid Games' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pyramid Games stock have on its future price. Pyramid Games 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, Pyramid Games autocorrelation shows the relationship between Pyramid Games stock current value and its past values and can show if there is a momentum factor associated with investing in Pyramid Games SA.
Regressed Prices |
| Timeline |
Pair Trading with Pyramid Games
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pyramid Games position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pyramid Games will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pyramid Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pyramid Games when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pyramid Games - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pyramid Games SA to buy it.
The correlation of Pyramid Games is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pyramid Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pyramid Games SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pyramid Games can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Pyramid Stock Analysis
When running Pyramid Games' price analysis, check to measure Pyramid Games' 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 Pyramid Games is operating at the current time. Most of Pyramid Games' value examination focuses on studying past and present price action to predict the probability of Pyramid Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pyramid Games' price. Additionally, you may evaluate how the addition of Pyramid Games to your portfolios can decrease your overall portfolio volatility.