The Peoples Insurance Stock Market Value
| PINXF Stock | USD 0.36 0.00 0.00% |
| Symbol | Peoples |
Peoples Insurance '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 Peoples Insurance's pink sheet 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 Peoples Insurance.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Peoples Insurance on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding The Peoples Insurance or generate 0.0% return on investment in Peoples Insurance over 720 days. Peoples Insurance is related to or competes with AmTrust Financial, AmTrust Financial, AmTrust Financial, and Aspen Insurance. The Peoples Insurance Company of China Limited, an investment holding company, primarily engages in the insurance busine... More
Peoples Insurance 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 Peoples Insurance's pink sheet 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 The Peoples Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1052 | |||
| Maximum Drawdown | 24.14 |
Peoples Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Peoples Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Peoples Insurance's standard deviation. In reality, there are many statistical measures that can use Peoples Insurance historical prices to predict the future Peoples Insurance's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.3463 | |||
| Total Risk Alpha | 0.1938 | |||
| Treynor Ratio | 1.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Peoples Insurance'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.
Peoples Insurance Backtested Returns
Peoples Insurance appears to be out of control, given 3 months investment horizon. Peoples Insurance maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Peoples Insurance, which you can use to evaluate the volatility of the company. Please evaluate Peoples Insurance's Coefficient Of Variation of 812.4, variance of 8.83, and Market Risk Adjusted Performance of 1.65 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Peoples Insurance holds a performance score of 9. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Peoples Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Peoples Insurance is expected to be smaller as well. Please check Peoples Insurance's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day typical price , to make a quick decision on whether Peoples Insurance's historical price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
The Peoples Insurance has very good predictability. Overlapping area represents the amount of predictability between Peoples Insurance time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Peoples Insurance price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Peoples Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Peoples Insurance lagged returns against current returns
Autocorrelation, which is Peoples Insurance pink sheet'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 Peoples Insurance's pink sheet expected returns. We can calculate the autocorrelation of Peoples Insurance returns to help us make a trade decision. For example, suppose you find that Peoples Insurance has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Peoples Insurance 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 Peoples Insurance pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Peoples Insurance pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Peoples Insurance pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Peoples Insurance Lagged Returns
When evaluating Peoples Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Peoples Insurance pink sheet have on its future price. Peoples Insurance 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, Peoples Insurance autocorrelation shows the relationship between Peoples Insurance pink sheet current value and its past values and can show if there is a momentum factor associated with investing in The Peoples Insurance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Peoples Pink Sheet
Peoples Insurance financial ratios help investors to determine whether Peoples Pink Sheet 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 Peoples with respect to the benefits of owning Peoples Insurance security.