Pure Energy Minerals Stock Market Value
| PE Stock | CAD 0.32 0.01 3.23% |
| Symbol | Pure |
Pure Energy Minerals Price To Book Ratio
Pure Energy '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 Pure Energy'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 Pure Energy.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Pure Energy on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pure Energy Minerals or generate 0.0% return on investment in Pure Energy over 30 days. Pure Energy is related to or competes with Rock Tech, and American Lithium. Pure Energy Minerals Limited engages in the acquisition, exploration, and development of mineral properties More
Pure Energy 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 Pure Energy'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 Pure Energy Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.16 | |||
| Information Ratio | 0.0303 | |||
| Maximum Drawdown | 28.99 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 10.0 |
Pure Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Energy's standard deviation. In reality, there are many statistical measures that can use Pure Energy historical prices to predict the future Pure Energy's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.202 | |||
| Total Risk Alpha | 0.0347 | |||
| Sortino Ratio | 0.0206 | |||
| Treynor Ratio | (0.36) |
Pure Energy Minerals Backtested Returns
Pure Energy appears to be out of control, given 3 months investment horizon. Pure Energy Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.065, which implies the firm had a 0.065% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pure Energy Minerals, which you can use to evaluate the volatility of the company. Please evaluate Pure Energy's Risk Adjusted Performance of 0.0371, semi deviation of 4.34, and Coefficient Of Variation of 2773.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pure Energy holds a performance score of 5. The company holds a Beta of -0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pure Energy are expected to decrease at a much lower rate. During the bear market, Pure Energy is likely to outperform the market. Please check Pure Energy's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Pure Energy's historical price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Pure Energy Minerals has weak predictability. Overlapping area represents the amount of predictability between Pure Energy time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Pure Energy Minerals price movement. The serial correlation of 0.2 indicates that over 20.0% of current Pure Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pure Energy Minerals lagged returns against current returns
Autocorrelation, which is Pure Energy 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 Pure Energy's stock expected returns. We can calculate the autocorrelation of Pure Energy returns to help us make a trade decision. For example, suppose you find that Pure Energy 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 |
Pure Energy 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 Pure Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Pure Energy Lagged Returns
When evaluating Pure Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Energy stock have on its future price. Pure Energy 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, Pure Energy autocorrelation shows the relationship between Pure Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Pure Energy Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pure Stock Analysis
When running Pure Energy's price analysis, check to measure Pure Energy'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 Pure Energy is operating at the current time. Most of Pure Energy's value examination focuses on studying past and present price action to predict the probability of Pure Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Energy's price. Additionally, you may evaluate how the addition of Pure Energy to your portfolios can decrease your overall portfolio volatility.