Puregold Price (Philippines) Market Value
| PGOLD Stock | 28.15 0.35 1.23% |
| Symbol | Puregold |
Puregold Price '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 Puregold Price'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 Puregold Price.
| 01/31/2023 |
| 01/20/2025 |
If you would invest 0.00 in Puregold Price on January 31, 2023 and sell it all today you would earn a total of 0.00 from holding Puregold Price Club or generate 0.0% return on investment in Puregold Price over 720 days. Puregold Price is related to or competes with Century Pacific, Philex Mining, Apex Mining, Asia United, Philippine Business, Rizal Commercial, and Philippine Savings. More
Puregold Price 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 Puregold Price'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 Puregold Price Club upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.65 |
Puregold Price Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Puregold Price's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Puregold Price's standard deviation. In reality, there are many statistical measures that can use Puregold Price historical prices to predict the future Puregold Price's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.4931 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Puregold Price'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.
Puregold Price Club Backtested Returns
Puregold Price Club maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14 % return per unit of risk over the last 3 months. Puregold Price Club exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Puregold Price's Risk Adjusted Performance of (0.09), variance of 3.25, and Coefficient Of Variation of (884.30) to confirm the risk estimate we provide. The company holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Puregold Price are expected to decrease at a much lower rate. During the bear market, Puregold Price is likely to outperform the market. At this point, Puregold Price Club has a negative expected return of -0.24%. Please make sure to check Puregold Price's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Puregold Price Club performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Puregold Price Club has good reverse predictability. Overlapping area represents the amount of predictability between Puregold Price time series from 31st of January 2023 to 26th of January 2024 and 26th of January 2024 to 20th 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 Puregold Price Club price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Puregold Price price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 9.41 |
Puregold Price Club lagged returns against current returns
Autocorrelation, which is Puregold Price 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 Puregold Price's stock expected returns. We can calculate the autocorrelation of Puregold Price returns to help us make a trade decision. For example, suppose you find that Puregold Price 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 |
Puregold Price 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 Puregold Price stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Puregold Price stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Puregold Price stock over time.
Current vs Lagged Prices |
| Timeline |
Puregold Price Lagged Returns
When evaluating Puregold Price's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Puregold Price stock have on its future price. Puregold Price 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, Puregold Price autocorrelation shows the relationship between Puregold Price stock current value and its past values and can show if there is a momentum factor associated with investing in Puregold Price Club.
Regressed Prices |
| Timeline |
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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.Additional Tools for Puregold Stock Analysis
When running Puregold Price's price analysis, check to measure Puregold Price'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 Puregold Price is operating at the current time. Most of Puregold Price's value examination focuses on studying past and present price action to predict the probability of Puregold Price's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Puregold Price's price. Additionally, you may evaluate how the addition of Puregold Price to your portfolios can decrease your overall portfolio volatility.