Pekin Life Insurance Stock Market Value
| PKIN Stock | USD 11.75 0.00 0.00% |
| Symbol | Pekin |
Pekin Life '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 Pekin Life'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 Pekin Life.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Pekin Life on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pekin Life Insurance or generate 0.0% return on investment in Pekin Life over 90 days. Pekin Life is related to or competes with FG Annuities, MetLife Preferred, Brighthouse Financial, MetLife Preferred, MetLife, Lincoln National, and Aflac Incorporated. Pekin Life Insurance Company operates as a life and accident and health insurance company in the United States More
Pekin Life 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 Pekin Life'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 Pekin Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2996 | |||
| Maximum Drawdown | 1.99 |
Pekin Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pekin Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pekin Life's standard deviation. In reality, there are many statistical measures that can use Pekin Life historical prices to predict the future Pekin Life's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0301 | |||
| Treynor Ratio | 1.18 |
Pekin Life Insurance Backtested Returns
Pekin Life Insurance maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Pekin Life Insurance exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pekin Life's Risk Adjusted Performance of (0.02), coefficient of variation of (36,808), and Variance of 0.1073 to confirm the risk estimate we provide. The company holds a Beta of -0.0092, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pekin Life are expected to decrease at a much lower rate. During the bear market, Pekin Life is likely to outperform the market. At this point, Pekin Life Insurance has a negative expected return of -9.0E-4%. Please make sure to check Pekin Life's variance and kurtosis , to decide if Pekin Life Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Pekin Life Insurance has very weak predictability. Overlapping area represents the amount of predictability between Pekin Life time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Pekin Life Insurance price movement. The serial correlation of 0.19 indicates that over 19.0% of current Pekin Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pekin Life Insurance lagged returns against current returns
Autocorrelation, which is Pekin Life 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 Pekin Life's pink sheet expected returns. We can calculate the autocorrelation of Pekin Life returns to help us make a trade decision. For example, suppose you find that Pekin Life 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 |
Pekin Life 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 Pekin Life pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pekin Life pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pekin Life pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pekin Life Lagged Returns
When evaluating Pekin Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pekin Life pink sheet have on its future price. Pekin Life 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, Pekin Life autocorrelation shows the relationship between Pekin Life pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pekin Life Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Pekin Life
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pekin Life position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pekin Life will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pekin Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pekin Life when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pekin Life - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pekin Life Insurance to buy it.
The correlation of Pekin Life is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pekin Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pekin Life Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pekin Life can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Pekin Pink Sheet
Pekin Life financial ratios help investors to determine whether Pekin 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 Pekin with respect to the benefits of owning Pekin Life security.