Powszechna Kasa (Poland) Market Value
| PKO Stock | 59.80 0.04 0.07% |
| Symbol | Powszechna |
Powszechna Kasa '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 Powszechna Kasa'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 Powszechna Kasa.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Powszechna Kasa on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Powszechna Kasa Oszczednosci or generate 0.0% return on investment in Powszechna Kasa over 30 days.
Powszechna Kasa 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 Powszechna Kasa'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 Powszechna Kasa Oszczednosci upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0511 | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.27 |
Powszechna Kasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powszechna Kasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powszechna Kasa's standard deviation. In reality, there are many statistical measures that can use Powszechna Kasa historical prices to predict the future Powszechna Kasa's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.1191 | |||
| Total Risk Alpha | 0.0629 | |||
| Sortino Ratio | 0.0462 | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Powszechna Kasa'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.
Powszechna Kasa Oszc Backtested Returns
Currently, Powszechna Kasa Oszczednosci is very steady. Powszechna Kasa Oszc maintains Sharpe Ratio (i.e., Efficiency) of 0.072, which implies the firm had a 0.072% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Powszechna Kasa Oszc, which you can use to evaluate the volatility of the company. Please check Powszechna Kasa's Coefficient Of Variation of 1440.34, risk adjusted performance of 0.0608, and Semi Deviation of 1.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Powszechna Kasa has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Powszechna Kasa are expected to decrease at a much lower rate. During the bear market, Powszechna Kasa is likely to outperform the market. Powszechna Kasa Oszc right now holds a risk of 1.7%. Please check Powszechna Kasa Oszc kurtosis, and the relationship between the downside variance and day median price , to decide if Powszechna Kasa Oszc will be following its historical price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Powszechna Kasa Oszczednosci has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Powszechna Kasa time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Powszechna Kasa Oszc price movement. The serial correlation of -0.76 indicates that around 76.0% of current Powszechna Kasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Powszechna Kasa Oszc lagged returns against current returns
Autocorrelation, which is Powszechna Kasa 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 Powszechna Kasa's stock expected returns. We can calculate the autocorrelation of Powszechna Kasa returns to help us make a trade decision. For example, suppose you find that Powszechna Kasa 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 |
Powszechna Kasa 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 Powszechna Kasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powszechna Kasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powszechna Kasa stock over time.
Current vs Lagged Prices |
| Timeline |
Powszechna Kasa Lagged Returns
When evaluating Powszechna Kasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powszechna Kasa stock have on its future price. Powszechna Kasa 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, Powszechna Kasa autocorrelation shows the relationship between Powszechna Kasa stock current value and its past values and can show if there is a momentum factor associated with investing in Powszechna Kasa Oszczednosci.
Regressed Prices |
| Timeline |
Pair Trading with Powszechna Kasa
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 Powszechna Kasa 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 Powszechna Kasa will appreciate offsetting losses from the drop in the long position's value.Moving against Powszechna Stock
The ability to find closely correlated positions to Powszechna Kasa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Powszechna Kasa 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 Powszechna Kasa - 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 Powszechna Kasa Oszczednosci to buy it.
The correlation of Powszechna Kasa 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 Powszechna Kasa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Powszechna Kasa Oszc 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 Powszechna Kasa 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.Additional Tools for Powszechna Stock Analysis
When running Powszechna Kasa's price analysis, check to measure Powszechna Kasa'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 Powszechna Kasa is operating at the current time. Most of Powszechna Kasa's value examination focuses on studying past and present price action to predict the probability of Powszechna Kasa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Powszechna Kasa's price. Additionally, you may evaluate how the addition of Powszechna Kasa to your portfolios can decrease your overall portfolio volatility.