Patriot Battery (Australia) Market Value
| PMT Stock | 0.28 0.03 12.00% |
| 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 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Patriot Battery on October 30, 2024 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 30 days. Patriot Battery is related to or competes with Northern Star, Evolution Mining, and De Grey. Patriot Battery is entity of Australia. It is traded as Stock on AU exchange. 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 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 | (0.20) | |||
| Maximum Drawdown | 20.63 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.33 |
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 | (0.12) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | (3.39) |
Patriot Battery Metals Backtested Returns
Patriot Battery Metals maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Patriot Battery Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patriot Battery's Risk Adjusted Performance of (0.12), coefficient of variation of (582.34), and Variance of 22.22 to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Patriot Battery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Patriot Battery is expected to be smaller as well. At this point, Patriot Battery Metals has a negative expected return of -0.57%. Please make sure to check Patriot Battery's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Patriot Battery Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Patriot Battery Metals has modest predictability. Overlapping area represents the amount of predictability between Patriot Battery time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 0.59 indicates that roughly 59.0% of current Patriot Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Patriot Battery Metals lagged returns against current returns
Autocorrelation, which is Patriot Battery 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patriot Battery 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 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 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 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 |
Thematic Opportunities
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Additional Tools for Patriot Stock Analysis
When running Patriot Battery's price analysis, check to measure Patriot Battery'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 Patriot Battery is operating at the current time. Most of Patriot Battery's value examination focuses on studying past and present price action to predict the probability of Patriot Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patriot Battery's price. Additionally, you may evaluate how the addition of Patriot Battery to your portfolios can decrease your overall portfolio volatility.