Principal Solar Stock Market Value
| PSWW Stock | USD 0.0002 0.0001 100.00% |
| Symbol | Principal |
Principal Solar '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 Principal Solar's 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 Principal Solar.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Principal Solar on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Principal Solar or generate 0.0% return on investment in Principal Solar over 30 days. Principal Solar is related to or competes with Ascent Solar, Enphase Energy, First Solar, Sunnova Energy, and SolarEdge Technologies. Principal Solar operates under Solar classification in the United States and is traded on OTC Exchange More
Principal Solar 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 Principal Solar's 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 Principal Solar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.75 | |||
| Information Ratio | 0.0572 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (37.50) | |||
| Potential Upside | 66.67 |
Principal Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Solar's standard deviation. In reality, there are many statistical measures that can use Principal Solar historical prices to predict the future Principal Solar's volatility.| Risk Adjusted Performance | 0.0537 | |||
| Jensen Alpha | 2.56 | |||
| Total Risk Alpha | (1.94) | |||
| Sortino Ratio | 0.0563 | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Solar's 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.
Principal Solar Backtested Returns
Principal Solar is out of control given 3 months investment horizon. Principal Solar maintains Sharpe Ratio (i.e., Efficiency) of 0.061, which implies the firm had a 0.061% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.86% are justified by taking the suggested risk. Use Principal Solar Semi Deviation of 18.04, coefficient of variation of 1651.24, and Risk Adjusted Performance of 0.0537 to evaluate company specific risk that cannot be diversified away. Principal Solar holds a performance score of 4 on a scale of zero to a hundred. The company holds a Beta of -8.18, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Principal Solar are expected to decrease by larger amounts. On the other hand, during market turmoil, Principal Solar is expected to outperform it. Use Principal Solar jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and expected short fall , to analyze future returns on Principal Solar.
Auto-correlation | 0.24 |
Weak predictability
Principal Solar has weak predictability. Overlapping area represents the amount of predictability between Principal Solar time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Principal Solar price movement. The serial correlation of 0.24 indicates that over 24.0% of current Principal Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Principal Solar lagged returns against current returns
Autocorrelation, which is Principal Solar 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 Principal Solar's pink sheet expected returns. We can calculate the autocorrelation of Principal Solar returns to help us make a trade decision. For example, suppose you find that Principal Solar 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 |
Principal Solar 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 Principal Solar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Solar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Solar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Principal Solar Lagged Returns
When evaluating Principal Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Solar pink sheet have on its future price. Principal Solar 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, Principal Solar autocorrelation shows the relationship between Principal Solar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Principal Solar.
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 Principal Pink Sheet Analysis
When running Principal Solar's price analysis, check to measure Principal Solar'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 Principal Solar is operating at the current time. Most of Principal Solar's value examination focuses on studying past and present price action to predict the probability of Principal Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Principal Solar's price. Additionally, you may evaluate how the addition of Principal Solar to your portfolios can decrease your overall portfolio volatility.