Pennexx Foods Stock Market Value
| PNNX Stock | USD 0.01 0.01 29.41% |
| Symbol | Pennexx |
Pennexx Foods '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 Pennexx Foods' 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 Pennexx Foods.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Pennexx Foods on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Pennexx Foods or generate 0.0% return on investment in Pennexx Foods over 90 days. Pennexx Foods is related to or competes with C3 Ai, CXApp, Trust Stamp, Freight Technologies, Infobird, Snowflake, and Shopify. Pennexx Foods, Inc. prepares case-ready meat for distribution to food retailers in the central and northeastern United S... More
Pennexx Foods 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 Pennexx Foods' 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 Pennexx Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.5 | |||
| Information Ratio | 0.011 | |||
| Maximum Drawdown | 42.66 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 18.18 |
Pennexx Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pennexx Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pennexx Foods' standard deviation. In reality, there are many statistical measures that can use Pennexx Foods historical prices to predict the future Pennexx Foods' volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | 0.9205 | |||
| Sortino Ratio | 0.0056 | |||
| Treynor Ratio | 0.0043 |
Pennexx Foods Backtested Returns
Pennexx Foods maintains Sharpe Ratio (i.e., Efficiency) of -0.0142, which implies the firm had a -0.0142 % return per unit of risk over the last 3 months. Pennexx Foods exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pennexx Foods' Risk Adjusted Performance of 0.0095, coefficient of variation of 158699.85, and Semi Deviation of 5.64 to confirm the risk estimate we provide. The company holds a Beta of -1.09, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Pennexx Foods are expected to decrease slowly. On the other hand, during market turmoil, Pennexx Foods is expected to outperform it slightly. At this point, Pennexx Foods has a negative expected return of -0.12%. Please make sure to check Pennexx Foods' value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Pennexx Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Pennexx Foods has modest reverse predictability. Overlapping area represents the amount of predictability between Pennexx Foods time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Pennexx Foods price movement. The serial correlation of -0.46 indicates that about 46.0% of current Pennexx Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pennexx Foods lagged returns against current returns
Autocorrelation, which is Pennexx Foods 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 Pennexx Foods' pink sheet expected returns. We can calculate the autocorrelation of Pennexx Foods returns to help us make a trade decision. For example, suppose you find that Pennexx Foods 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 |
Pennexx Foods 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 Pennexx Foods pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pennexx Foods pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pennexx Foods pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pennexx Foods Lagged Returns
When evaluating Pennexx Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pennexx Foods pink sheet have on its future price. Pennexx Foods 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, Pennexx Foods autocorrelation shows the relationship between Pennexx Foods pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pennexx Foods.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Pennexx Pink Sheet Analysis
When running Pennexx Foods' price analysis, check to measure Pennexx Foods' 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 Pennexx Foods is operating at the current time. Most of Pennexx Foods' value examination focuses on studying past and present price action to predict the probability of Pennexx Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pennexx Foods' price. Additionally, you may evaluate how the addition of Pennexx Foods to your portfolios can decrease your overall portfolio volatility.