Power Nickel Stock Market Value
| PNPN Stock | 1.05 0.06 5.41% |
| Symbol | Power |
Power Nickel '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 Power Nickel'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 Power Nickel.
| 11/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Power Nickel on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Power Nickel or generate 0.0% return on investment in Power Nickel over 60 days. Power Nickel is related to or competes with Magna Mining, and FPX Nickel. More
Power Nickel 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 Power Nickel'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 Power Nickel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.1332 | |||
| Maximum Drawdown | 21.89 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 9.33 |
Power Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Nickel's standard deviation. In reality, there are many statistical measures that can use Power Nickel historical prices to predict the future Power Nickel's volatility.| Risk Adjusted Performance | 0.119 | |||
| Jensen Alpha | 0.6719 | |||
| Total Risk Alpha | 0.5471 | |||
| Sortino Ratio | 0.1448 | |||
| Treynor Ratio | (0.57) |
Power Nickel Backtested Returns
Power Nickel appears to be abnormally volatile, given 3 months investment horizon. Power Nickel maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Power Nickel's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please evaluate Power Nickel's Risk Adjusted Performance of 0.119, semi deviation of 3.54, and Coefficient Of Variation of 719.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Power Nickel holds a performance score of 10. The company holds a Beta of -1.15, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Power Nickel are expected to decrease slowly. On the other hand, during market turmoil, Power Nickel is expected to outperform it slightly. Please check Power Nickel's potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether Power Nickel's historical price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Power Nickel has modest predictability. Overlapping area represents the amount of predictability between Power Nickel time series from 10th of November 2024 to 10th of December 2024 and 10th of December 2024 to 9th of January 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 Power Nickel price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Power Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Power Nickel lagged returns against current returns
Autocorrelation, which is Power Nickel 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 Power Nickel's stock expected returns. We can calculate the autocorrelation of Power Nickel returns to help us make a trade decision. For example, suppose you find that Power Nickel 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 |
Power Nickel 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 Power Nickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Nickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Nickel stock over time.
Current vs Lagged Prices |
| Timeline |
Power Nickel Lagged Returns
When evaluating Power Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Nickel stock have on its future price. Power Nickel 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, Power Nickel autocorrelation shows the relationship between Power Nickel stock current value and its past values and can show if there is a momentum factor associated with investing in Power Nickel.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Power Stock Analysis
When running Power Nickel's price analysis, check to measure Power Nickel'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 Power Nickel is operating at the current time. Most of Power Nickel's value examination focuses on studying past and present price action to predict the probability of Power Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Power Nickel's price. Additionally, you may evaluate how the addition of Power Nickel to your portfolios can decrease your overall portfolio volatility.