Pure Foods (Australia) Market Value
| PFT Stock | 0.02 0.00 0.00% |
| Symbol | Pure |
Pure Foods '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 Foods' 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 Foods.
| 01/13/2024 |
| 01/07/2025 |
If you would invest 0.00 in Pure Foods on January 13, 2024 and sell it all today you would earn a total of 0.00 from holding Pure Foods Tasmania or generate 0.0% return on investment in Pure Foods over 360 days. Pure Foods is related to or competes with Aneka Tambang, Commonwealth Bank, Australia, ANZ Group, ANZ Group, National Australia, and National Australia. Pure Foods is entity of Australia. It is traded as Stock on AU exchange. More
Pure Foods 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 Foods' 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 Foods Tasmania upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1434 | |||
| Maximum Drawdown | 54.29 |
Pure Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Foods' standard deviation. In reality, there are many statistical measures that can use Pure Foods historical prices to predict the future Pure Foods' volatility.| Risk Adjusted Performance | 0.1285 | |||
| Jensen Alpha | 0.8808 | |||
| Total Risk Alpha | 0.7333 | |||
| Treynor Ratio | (1.01) |
Pure Foods Tasmania Backtested Returns
Currently, Pure Foods Tasmania is out of control. Pure Foods Tasmania maintains Sharpe Ratio (i.e., Efficiency) of 0.0137, which implies the firm had a 0.0137% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Pure Foods Tasmania, which you can use to evaluate the volatility of the company. Please check Pure Foods' Variance of 34.89, coefficient of variation of 674.9, and Risk Adjusted Performance of 0.1285 to confirm if the risk estimate we provide is consistent with the expected return of 0.0384%. Pure Foods has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -0.86, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Pure Foods are expected to decrease slowly. On the other hand, during market turmoil, Pure Foods is expected to outperform it slightly. Pure Foods Tasmania right now holds a risk of 2.81%. Please check Pure Foods Tasmania market risk adjusted performance, coefficient of variation, variance, as well as the relationship between the mean deviation and standard deviation , to decide if Pure Foods Tasmania will be following its historical price patterns.
Auto-correlation | 0.51 |
Modest predictability
Pure Foods Tasmania has modest predictability. Overlapping area represents the amount of predictability between Pure Foods time series from 13th of January 2024 to 11th of July 2024 and 11th of July 2024 to 7th of January 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 Pure Foods Tasmania price movement. The serial correlation of 0.51 indicates that about 51.0% of current Pure Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pure Foods Tasmania lagged returns against current returns
Autocorrelation, which is Pure Foods 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 Foods' stock expected returns. We can calculate the autocorrelation of Pure Foods returns to help us make a trade decision. For example, suppose you find that Pure Foods 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 Foods 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 Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Pure Foods Lagged Returns
When evaluating Pure Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Foods stock have on its future price. Pure Foods 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 Foods autocorrelation shows the relationship between Pure Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Pure Foods Tasmania.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pure Stock Analysis
When running Pure Foods' price analysis, check to measure Pure Foods' 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 Foods is operating at the current time. Most of Pure Foods' value examination focuses on studying past and present price action to predict the probability of Pure Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Foods' price. Additionally, you may evaluate how the addition of Pure Foods to your portfolios can decrease your overall portfolio volatility.