Perpetua Resources Corp Stock Market Value
| PPTA Stock | USD 8.54 0.00 0.00% |
| Symbol | Perpetua |
Perpetua Resources Corp Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Perpetua Resources. If investors know Perpetua will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Perpetua Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Perpetua Resources Corp is measured differently than its book value, which is the value of Perpetua that is recorded on the company's balance sheet. Investors also form their own opinion of Perpetua Resources' value that differs from its market value or its book value, called intrinsic value, which is Perpetua Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Perpetua Resources' market value can be influenced by many factors that don't directly affect Perpetua Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Perpetua Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Perpetua Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perpetua Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Perpetua 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 Perpetua 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 Perpetua Resources.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Perpetua Resources on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Perpetua Resources Corp or generate 0.0% return on investment in Perpetua Resources over 30 days. Perpetua Resources is related to or competes with New Pacific, Endeavour Silver, McEwen Mining, Metalla Royalty, Star Royalties, Teuton Resources, and GoGold Resources. Perpetua Resources Corp. engages in the mineral exploration activities in the United States More
Perpetua 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 Perpetua 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 Perpetua Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 39.67 | |||
| Value At Risk | (9.53) | |||
| Potential Upside | 6.67 |
Perpetua Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perpetua Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perpetua Resources' standard deviation. In reality, there are many statistical measures that can use Perpetua Resources historical prices to predict the future Perpetua Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.4346 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Perpetua Resources' 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.
Perpetua Resources Corp Backtested Returns
Perpetua Resources Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0191, which implies the firm had a -0.0191 % return per unit of risk over the last 3 months. Perpetua Resources Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Perpetua Resources' Coefficient Of Variation of (2,337), variance of 33.72, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of -0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Perpetua Resources are expected to decrease at a much lower rate. During the bear market, Perpetua Resources is likely to outperform the market. At this point, Perpetua Resources Corp has a negative expected return of -0.11%. Please make sure to check Perpetua Resources' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Perpetua Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Perpetua Resources Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Perpetua Resources time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Perpetua Resources Corp price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Perpetua Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Perpetua Resources Corp lagged returns against current returns
Autocorrelation, which is Perpetua 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 Perpetua Resources' stock expected returns. We can calculate the autocorrelation of Perpetua Resources returns to help us make a trade decision. For example, suppose you find that Perpetua 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 |
Perpetua 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 Perpetua Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perpetua Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perpetua Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Perpetua Resources Lagged Returns
When evaluating Perpetua Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perpetua Resources stock have on its future price. Perpetua 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, Perpetua Resources autocorrelation shows the relationship between Perpetua Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Perpetua Resources Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Perpetua Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perpetua Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Perpetua Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perpetua Resources Corp Stock:Check out Perpetua Resources Correlation, Perpetua Resources Volatility and Perpetua Resources Alpha and Beta module to complement your research on Perpetua Resources. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Perpetua Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.