PERENNIAL ENERGY (Germany) Market Value
| PEZ Stock | EUR 0.1 0.01 10.00% |
| Symbol | PERENNIAL |
PERENNIAL 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 PERENNIAL 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 PERENNIAL ENERGY.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in PERENNIAL ENERGY on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding PERENNIAL ENERGY HD 01 or generate 0.0% return on investment in PERENNIAL ENERGY over 30 days. PERENNIAL ENERGY is related to or competes with CORONGLRES CDIS101, MONGOLIAN MINING, and Ecora Resources. Perennial Energy Holdings Limited, an investment holding company, operates as a coal mining company in the Peoples Repub... More
PERENNIAL 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 PERENNIAL 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 PERENNIAL ENERGY HD 01 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.38 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.33 |
PERENNIAL ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PERENNIAL ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PERENNIAL ENERGY's standard deviation. In reality, there are many statistical measures that can use PERENNIAL ENERGY historical prices to predict the future PERENNIAL ENERGY's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.1402 |
PERENNIAL ENERGY Backtested Returns
PERENNIAL ENERGY maintains Sharpe Ratio (i.e., Efficiency) of -0.0517, which implies the firm had a -0.0517% return per unit of standard deviation over the last 3 months. PERENNIAL ENERGY exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PERENNIAL ENERGY's Market Risk Adjusted Performance of 0.1502, coefficient of variation of (5,889), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PERENNIAL ENERGY are expected to decrease at a much lower rate. During the bear market, PERENNIAL ENERGY is likely to outperform the market. At this point, PERENNIAL ENERGY has a negative expected return of -0.21%. Please make sure to check PERENNIAL ENERGY's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if PERENNIAL ENERGY performance from the past will be repeated at future time.
Auto-correlation | 0.30 |
Below average predictability
PERENNIAL ENERGY HD 01 has below average predictability. Overlapping area represents the amount of predictability between PERENNIAL ENERGY time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 PERENNIAL ENERGY price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current PERENNIAL ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PERENNIAL ENERGY lagged returns against current returns
Autocorrelation, which is PERENNIAL 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 PERENNIAL ENERGY's stock expected returns. We can calculate the autocorrelation of PERENNIAL ENERGY returns to help us make a trade decision. For example, suppose you find that PERENNIAL 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 |
PERENNIAL 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 PERENNIAL ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PERENNIAL ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PERENNIAL ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
PERENNIAL ENERGY Lagged Returns
When evaluating PERENNIAL ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PERENNIAL ENERGY stock have on its future price. PERENNIAL 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, PERENNIAL ENERGY autocorrelation shows the relationship between PERENNIAL ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in PERENNIAL ENERGY HD 01.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in PERENNIAL Stock
PERENNIAL ENERGY financial ratios help investors to determine whether PERENNIAL 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 PERENNIAL with respect to the benefits of owning PERENNIAL ENERGY security.