Pan Global's market value is the price at which a share of Pan Global trades on a public exchange. It measures the collective expectations of Pan Global Resources investors about its performance. Pan Global is trading at 0.0748 as of the 11th of December 2024. This is a 6.55% up since the beginning of the trading day. The stock's lowest day price was 0.0704. With this module, you can estimate the performance of a buy and hold strategy of Pan Global Resources and determine expected loss or profit from investing in Pan Global over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in census.
Symbol
Pan
Pan Global '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 Pan Global's otc 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 Pan Global.
0.00
11/11/2024
No Change 0.00
0.0
In 30 days
12/11/2024
0.00
If you would invest 0.00 in Pan Global on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pan Global Resources or generate 0.0% return on investment in Pan Global over 30 days.
Pan Global 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 Pan Global's otc 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 Pan Global Resources upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan Global's standard deviation. In reality, there are many statistical measures that can use Pan Global historical prices to predict the future Pan Global's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pan Global. Your research has to be compared to or analyzed against Pan Global's peers to derive any actionable benefits. When done correctly, Pan Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pan Global Resources.
Pan Global Resources Backtested Returns
Pan Global Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.0346, which implies the firm had a -0.0346% return per unit of risk over the last 3 months. Pan Global Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pan Global's Risk Adjusted Performance of (0.04), coefficient of variation of (1,432), and Variance of 18.59 to confirm the risk estimate we provide. The company holds a Beta of -0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pan Global are expected to decrease at a much lower rate. During the bear market, Pan Global is likely to outperform the market. At this point, Pan Global Resources has a negative expected return of -0.14%. Please make sure to check Pan Global's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Pan Global Resources performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.81
Excellent reverse predictability
Pan Global Resources has excellent reverse predictability. Overlapping area represents the amount of predictability between Pan Global time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Pan Global Resources price movement. The serial correlation of -0.81 indicates that around 81.0% of current Pan Global price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.81
Spearman Rank Test
-0.99
Residual Average
0.0
Price Variance
0.0
Pan Global Resources lagged returns against current returns
Autocorrelation, which is Pan Global otc 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 Pan Global's otc stock expected returns. We can calculate the autocorrelation of Pan Global returns to help us make a trade decision. For example, suppose you find that Pan Global has exhibited high autocorrelation historically, and you observe that the otc 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
Pan Global 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 Pan Global otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan Global otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan Global otc stock over time.
Current vs Lagged Prices
Timeline
Pan Global Lagged Returns
When evaluating Pan Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan Global otc stock have on its future price. Pan Global 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, Pan Global autocorrelation shows the relationship between Pan Global otc stock current value and its past values and can show if there is a momentum factor associated with investing in Pan Global Resources.