Portofino Resources Stock Market Value
| POR Stock | CAD 0.01 0.01 33.33% |
| Symbol | Portofino |
Portofino Resources Price To Book Ratio
Portofino Resources '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 Portofino Resources' 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 Portofino Resources.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Portofino Resources on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Portofino Resources or generate 0.0% return on investment in Portofino Resources over 390 days. Portofino Resources is related to or competes with Outcrop Gold, and Grande Portage. Portofino Resources Inc. engages in the acquisition and exploration of mineral property assets in Canada More
Portofino Resources 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 Portofino Resources' 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 Portofino Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.83 | |||
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 33.33 |
Portofino Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Portofino Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Portofino Resources' standard deviation. In reality, there are many statistical measures that can use Portofino Resources historical prices to predict the future Portofino Resources' volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | 0.9276 | |||
| Total Risk Alpha | 0.292 | |||
| Sortino Ratio | 0.0252 | |||
| Treynor Ratio | (0.11) |
Portofino Resources Backtested Returns
Portofino Resources appears to be out of control, given 3 months investment horizon. Portofino Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0168, which implies the firm had a 0.0168% return per unit of risk over the last 3 months. We have found thirty technical indicators for Portofino Resources, which you can use to evaluate the volatility of the company. Please evaluate Portofino Resources' Semi Deviation of 11.14, coefficient of variation of 2193.31, and Risk Adjusted Performance of 0.0457 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Portofino Resources holds a performance score of 1. The company holds a Beta of -6.98, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Portofino Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Portofino Resources is expected to outperform it. Please check Portofino Resources' value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Portofino Resources' historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Portofino Resources has good predictability. Overlapping area represents the amount of predictability between Portofino Resources time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Portofino Resources price movement. The serial correlation of 0.72 indicates that around 72.0% of current Portofino Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Portofino Resources lagged returns against current returns
Autocorrelation, which is Portofino Resources 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 Portofino Resources' stock expected returns. We can calculate the autocorrelation of Portofino Resources returns to help us make a trade decision. For example, suppose you find that Portofino Resources 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 |
Portofino Resources 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 Portofino Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Portofino Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Portofino Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Portofino Resources Lagged Returns
When evaluating Portofino Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Portofino Resources stock have on its future price. Portofino Resources 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, Portofino Resources autocorrelation shows the relationship between Portofino Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Portofino Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Portofino Stock Analysis
When running Portofino Resources' price analysis, check to measure Portofino Resources' 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 Portofino Resources is operating at the current time. Most of Portofino Resources' value examination focuses on studying past and present price action to predict the probability of Portofino Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Portofino Resources' price. Additionally, you may evaluate how the addition of Portofino Resources to your portfolios can decrease your overall portfolio volatility.