Pilbara Minerals (Australia) Market Value
| PLS Stock | 1.82 0.07 4.00% |
| Symbol | Pilbara |
Pilbara Minerals '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 Pilbara Minerals' 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 Pilbara Minerals.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Pilbara Minerals on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Pilbara Minerals or generate 0.0% return on investment in Pilbara Minerals over 90 days. Pilbara Minerals is related to or competes with Australian Strategic, Catalyst Metals, Cleanaway Waste, Computershare, Cleanspace Holdings Ltd, and Aurelia Metals. Pilbara Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Pilbara Minerals 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 Pilbara Minerals' 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 Pilbara Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.45 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 4.09 |
Pilbara Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pilbara Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pilbara Minerals' standard deviation. In reality, there are many statistical measures that can use Pilbara Minerals historical prices to predict the future Pilbara Minerals' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.1219 | |||
| Treynor Ratio | 1.66 |
Pilbara Minerals Backtested Returns
Pilbara Minerals maintains Sharpe Ratio (i.e., Efficiency) of -0.0974, which implies the firm had a -0.0974 % return per unit of risk over the last 3 months. Pilbara Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pilbara Minerals' Risk Adjusted Performance of (0.06), variance of 7.65, and Coefficient Of Variation of (1,290) to confirm the risk estimate we provide. The company holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pilbara Minerals are expected to decrease at a much lower rate. During the bear market, Pilbara Minerals is likely to outperform the market. At this point, Pilbara Minerals has a negative expected return of -0.25%. Please make sure to check Pilbara Minerals' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Pilbara Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Pilbara Minerals has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pilbara Minerals time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Pilbara Minerals price movement. The serial correlation of -0.78 indicates that around 78.0% of current Pilbara Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pilbara Minerals lagged returns against current returns
Autocorrelation, which is Pilbara Minerals 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 Pilbara Minerals' stock expected returns. We can calculate the autocorrelation of Pilbara Minerals returns to help us make a trade decision. For example, suppose you find that Pilbara Minerals 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 |
Pilbara Minerals 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 Pilbara Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pilbara Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pilbara Minerals stock over time.
Current vs Lagged Prices |
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Pilbara Minerals Lagged Returns
When evaluating Pilbara Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pilbara Minerals stock have on its future price. Pilbara Minerals 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, Pilbara Minerals autocorrelation shows the relationship between Pilbara Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Pilbara Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pilbara Stock Analysis
When running Pilbara Minerals' price analysis, check to measure Pilbara Minerals' 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 Pilbara Minerals is operating at the current time. Most of Pilbara Minerals' value examination focuses on studying past and present price action to predict the probability of Pilbara Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pilbara Minerals' price. Additionally, you may evaluate how the addition of Pilbara Minerals to your portfolios can decrease your overall portfolio volatility.