Pieridae Energy Stock Market Value
| PEA Stock | CAD 0.26 0.01 3.70% |
| Symbol | Pieridae |
Pieridae Energy Price To Book Ratio
Pieridae 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 Pieridae 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 Pieridae Energy.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Pieridae Energy on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pieridae Energy or generate 0.0% return on investment in Pieridae Energy over 90 days. Pieridae Energy is related to or competes with Pine Cliff, InPlay Oil, Journey Energy, and Yangarra Resources. Pieridae Energy Limited operates as an energy producing company in Canada More
Pieridae 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 Pieridae 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 Pieridae Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.31 | |||
| Information Ratio | 0.1148 | |||
| Maximum Drawdown | 24.53 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 7.69 |
Pieridae Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pieridae Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pieridae Energy's standard deviation. In reality, there are many statistical measures that can use Pieridae Energy historical prices to predict the future Pieridae Energy's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.1864 | |||
| Total Risk Alpha | 0.9641 | |||
| Sortino Ratio | 0.104 | |||
| Treynor Ratio | (0.36) |
Pieridae Energy Backtested Returns
Pieridae Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0213, which implies the firm had a -0.0213 % return per unit of risk over the last 3 months. Pieridae Energy exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pieridae Energy's Risk Adjusted Performance of 0.0761, coefficient of variation of 1236.08, and Semi Deviation of 2.53 to confirm the risk estimate we provide. The company holds a Beta of -0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pieridae Energy are expected to decrease at a much lower rate. During the bear market, Pieridae Energy is likely to outperform the market. At this point, Pieridae Energy has a negative expected return of -0.0693%. Please make sure to check Pieridae Energy's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Pieridae Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Pieridae Energy has very weak predictability. Overlapping area represents the amount of predictability between Pieridae Energy time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Pieridae Energy price movement. The serial correlation of 0.19 indicates that over 19.0% of current Pieridae Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pieridae Energy lagged returns against current returns
Autocorrelation, which is Pieridae 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 Pieridae Energy's stock expected returns. We can calculate the autocorrelation of Pieridae Energy returns to help us make a trade decision. For example, suppose you find that Pieridae 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 |
Pieridae 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 Pieridae Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pieridae Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pieridae Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Pieridae Energy Lagged Returns
When evaluating Pieridae Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pieridae Energy stock have on its future price. Pieridae 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, Pieridae Energy autocorrelation shows the relationship between Pieridae Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Pieridae Energy.
Regressed Prices |
| Timeline |
Pair Trading with Pieridae Energy
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 Pieridae Energy 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 Pieridae Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Pieridae Stock
Moving against Pieridae Stock
The ability to find closely correlated positions to Pieridae Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pieridae Energy 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 Pieridae Energy - 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 Pieridae Energy to buy it.
The correlation of Pieridae Energy 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 Pieridae Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pieridae Energy 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 Pieridae Energy 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.Other Information on Investing in Pieridae Stock
Pieridae Energy financial ratios help investors to determine whether Pieridae 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 Pieridae with respect to the benefits of owning Pieridae Energy security.