Patriot Battery Metals Stock Market Value
| PMETF Stock | USD 1.92 0.01 0.52% |
| Symbol | Patriot |
Patriot Battery '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 Patriot Battery's otc 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 Patriot Battery.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Patriot Battery on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Patriot Battery Metals or generate 0.0% return on investment in Patriot Battery over 360 days. Patriot Battery is related to or competes with Hannan Metals, Lithium Ionic, CanAlaska Uranium, IGO, Critical Elements, Vulcan Energy, and Snow Lake. Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral propertie... More
Patriot Battery 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 Patriot Battery's otc 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 Patriot Battery Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 24.59 | |||
| Value At Risk | (7.93) | |||
| Potential Upside | 7.72 |
Patriot Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patriot Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patriot Battery's standard deviation. In reality, there are many statistical measures that can use Patriot Battery historical prices to predict the future Patriot Battery's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | 0.5883 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patriot Battery'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.
Patriot Battery Metals Backtested Returns
Patriot Battery Metals maintains Sharpe Ratio (i.e., Efficiency) of -0.0815, which implies the firm had a -0.0815% return per unit of risk over the last 3 months. Patriot Battery Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patriot Battery's Risk Adjusted Performance of (0.08), coefficient of variation of (878.05), and Variance of 29.87 to confirm the risk estimate we provide. The company holds a Beta of -1.08, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Patriot Battery are expected to decrease slowly. On the other hand, during market turmoil, Patriot Battery is expected to outperform it slightly. At this point, Patriot Battery Metals has a negative expected return of -0.45%. Please make sure to check Patriot Battery's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Patriot Battery Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Patriot Battery Metals has below average predictability. Overlapping area represents the amount of predictability between Patriot Battery time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Patriot Battery Metals price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Patriot Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Patriot Battery Metals lagged returns against current returns
Autocorrelation, which is Patriot Battery otc 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 Patriot Battery's otc stock expected returns. We can calculate the autocorrelation of Patriot Battery returns to help us make a trade decision. For example, suppose you find that Patriot Battery has exhibited high autocorrelation historically, and you observe that the otc 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 |
Patriot Battery 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 Patriot Battery otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patriot Battery otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patriot Battery otc stock over time.
Current vs Lagged Prices |
| Timeline |
Patriot Battery Lagged Returns
When evaluating Patriot Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patriot Battery otc stock have on its future price. Patriot Battery 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, Patriot Battery autocorrelation shows the relationship between Patriot Battery otc stock current value and its past values and can show if there is a momentum factor associated with investing in Patriot Battery Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Patriot OTC Stock
Patriot Battery financial ratios help investors to determine whether Patriot OTC 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 Patriot with respect to the benefits of owning Patriot Battery security.