Pedevco Corp Stock Market Value
| PED Stock | USD 0.84 0.01 1.18% |
| Symbol | PEDEVCO |
PEDEVCO Corp Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PEDEVCO Corp. If investors know PEDEVCO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PEDEVCO Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.659 | Earnings Share 0.02 | Revenue Per Share 0.386 | Quarterly Revenue Growth 0.382 | Return On Assets 0.024 |
The market value of PEDEVCO Corp is measured differently than its book value, which is the value of PEDEVCO that is recorded on the company's balance sheet. Investors also form their own opinion of PEDEVCO Corp's value that differs from its market value or its book value, called intrinsic value, which is PEDEVCO Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PEDEVCO Corp's market value can be influenced by many factors that don't directly affect PEDEVCO Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PEDEVCO Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PEDEVCO Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PEDEVCO Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PEDEVCO Corp '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 PEDEVCO Corp'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 PEDEVCO Corp.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in PEDEVCO Corp on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding PEDEVCO Corp or generate 0.0% return on investment in PEDEVCO Corp over 180 days. PEDEVCO Corp is related to or competes with Epsilon Energy, Crescent Energy, Evolution Petroleum, CKX Lands, GeoPark, PHX Minerals, and Riley Exploration. PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas as... More
PEDEVCO Corp 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 PEDEVCO Corp'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 PEDEVCO Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.97 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.49 |
PEDEVCO Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PEDEVCO Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PEDEVCO Corp's standard deviation. In reality, there are many statistical measures that can use PEDEVCO Corp historical prices to predict the future PEDEVCO Corp's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PEDEVCO Corp's 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.
PEDEVCO Corp Backtested Returns
At this point, PEDEVCO Corp is dangerous. PEDEVCO Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0207, which implies the firm had a 0.0207% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PEDEVCO Corp, which you can use to evaluate the volatility of the company. Please check PEDEVCO Corp's Semi Deviation of 2.24, risk adjusted performance of 0.0097, and Mean Deviation of 2.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.0628%. PEDEVCO Corp has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PEDEVCO Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding PEDEVCO Corp is expected to be smaller as well. PEDEVCO Corp now holds a risk of 3.04%. Please check PEDEVCO Corp standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if PEDEVCO Corp will be following its historical price patterns.
Auto-correlation | 0.68 |
Good predictability
PEDEVCO Corp has good predictability. Overlapping area represents the amount of predictability between PEDEVCO Corp time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 PEDEVCO Corp price movement. The serial correlation of 0.68 indicates that around 68.0% of current PEDEVCO Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PEDEVCO Corp lagged returns against current returns
Autocorrelation, which is PEDEVCO Corp 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 PEDEVCO Corp's stock expected returns. We can calculate the autocorrelation of PEDEVCO Corp returns to help us make a trade decision. For example, suppose you find that PEDEVCO Corp 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 |
PEDEVCO Corp 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 PEDEVCO Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PEDEVCO Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PEDEVCO Corp stock over time.
Current vs Lagged Prices |
| Timeline |
PEDEVCO Corp Lagged Returns
When evaluating PEDEVCO Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PEDEVCO Corp stock have on its future price. PEDEVCO Corp 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, PEDEVCO Corp autocorrelation shows the relationship between PEDEVCO Corp stock current value and its past values and can show if there is a momentum factor associated with investing in PEDEVCO Corp.
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.When determining whether PEDEVCO Corp is a strong investment it is important to analyze PEDEVCO Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PEDEVCO Corp's future performance. For an informed investment choice regarding PEDEVCO Stock, refer to the following important reports:Check out PEDEVCO Corp Correlation, PEDEVCO Corp Volatility and PEDEVCO Corp Alpha and Beta module to complement your research on PEDEVCO Corp. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
PEDEVCO Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.