Pieridae Energy Limited Stock Market Value
| PTOAF Stock | USD 0.17 0.01 6.25% |
| Symbol | Pieridae |
Pieridae Energy '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 Pieridae Energy'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 Pieridae Energy.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Pieridae Energy on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Pieridae Energy Limited or generate 0.0% return on investment in Pieridae Energy over 720 days. Pieridae Energy is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Pieridae Energy Limited operates as an energy producing company in Canada More
Pieridae Energy 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 Pieridae Energy'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 Pieridae Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 33.75 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 5.88 |
Pieridae Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pieridae Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pieridae Energy's standard deviation. In reality, there are many statistical measures that can use Pieridae Energy historical prices to predict the future Pieridae Energy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | 2.71 |
Pieridae Energy Backtested Returns
Pieridae Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0743, which implies the firm had a -0.0743% return per unit of risk over the last 3 months. Pieridae Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pieridae Energy's Risk Adjusted Performance of (0.05), variance of 23.94, and Coefficient Of Variation of (1,207) to confirm the risk estimate we provide. The company holds a Beta of -0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pieridae Energy are expected to decrease at a much lower rate. During the bear market, Pieridae Energy is likely to outperform the market. At this point, Pieridae Energy has a negative expected return of -0.36%. Please make sure to check Pieridae Energy's information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if Pieridae Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Pieridae Energy Limited has very weak predictability. Overlapping area represents the amount of predictability between Pieridae Energy time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Pieridae Energy price movement. The serial correlation of 0.16 indicates that over 16.0% of current Pieridae Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pieridae Energy lagged returns against current returns
Autocorrelation, which is Pieridae Energy 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 Pieridae Energy's pink sheet expected returns. We can calculate the autocorrelation of Pieridae Energy returns to help us make a trade decision. For example, suppose you find that Pieridae Energy 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 |
Pieridae Energy 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 Pieridae Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pieridae Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pieridae Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pieridae Energy Lagged Returns
When evaluating Pieridae Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pieridae Energy pink sheet have on its future price. Pieridae Energy 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, Pieridae Energy autocorrelation shows the relationship between Pieridae Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pieridae Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pieridae Pink Sheet
Pieridae Energy financial ratios help investors to determine whether Pieridae Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pieridae with respect to the benefits of owning Pieridae Energy security.