Pick N (South Africa) Market Value
| PIK Stock | 3,101 57.00 1.87% |
| Symbol | Pick |
Pick N '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 Pick N'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 Pick N.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Pick N on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Pick N Pay or generate 0.0% return on investment in Pick N over 30 days. Pick N is related to or competes with Growthpoint Properties, and Shoprite Holdings. More
Pick N 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 Pick N'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 Pick N Pay upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.1967 | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 4.4 |
Pick N Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pick N's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pick N's standard deviation. In reality, there are many statistical measures that can use Pick N historical prices to predict the future Pick N's volatility.| Risk Adjusted Performance | 0.186 | |||
| Jensen Alpha | 0.5036 | |||
| Total Risk Alpha | 0.2319 | |||
| Sortino Ratio | 0.2425 | |||
| Treynor Ratio | (1.50) |
Pick N Pay Backtested Returns
Pick N appears to be very steady, given 3 months investment horizon. Pick N Pay maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pick N Pay, which you can use to evaluate the volatility of the company. Please evaluate Pick N's Coefficient Of Variation of 403.43, semi deviation of 1.14, and Risk Adjusted Performance of 0.186 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pick N holds a performance score of 17. The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pick N are expected to decrease at a much lower rate. During the bear market, Pick N is likely to outperform the market. Please check Pick N's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Pick N's historical price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Pick N Pay has insignificant predictability. Overlapping area represents the amount of predictability between Pick N time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Pick N Pay price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Pick N price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 664.6 |
Pick N Pay lagged returns against current returns
Autocorrelation, which is Pick N 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 Pick N's stock expected returns. We can calculate the autocorrelation of Pick N returns to help us make a trade decision. For example, suppose you find that Pick N 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 |
Pick N 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 Pick N stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pick N stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pick N stock over time.
Current vs Lagged Prices |
| Timeline |
Pick N Lagged Returns
When evaluating Pick N's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pick N stock have on its future price. Pick N 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, Pick N autocorrelation shows the relationship between Pick N stock current value and its past values and can show if there is a momentum factor associated with investing in Pick N Pay.
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.Other Information on Investing in Pick Stock
Pick N financial ratios help investors to determine whether Pick 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 Pick with respect to the benefits of owning Pick N security.