Pescanova (Spain) Market Value
| PVA Stock | EUR 0.33 0.01 2.94% |
| Symbol | Pescanova |
Pescanova '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 Pescanova'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 Pescanova.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Pescanova on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Pescanova SA or generate 0.0% return on investment in Pescanova over 90 days. Pescanova is related to or competes with Bankinter, International Consolidated, Atrys Health, Biotechnology Assets, and Ebro Foods. Pescanova, S.A. through its subsidiaries, engages in the fishing business More
Pescanova 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 Pescanova'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 Pescanova SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 6.06 |
Pescanova Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pescanova's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pescanova's standard deviation. In reality, there are many statistical measures that can use Pescanova historical prices to predict the future Pescanova's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.2945 | |||
| Treynor Ratio | (0.15) |
Pescanova SA Backtested Returns
Pescanova SA maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Pescanova SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pescanova's Risk Adjusted Performance of (0.01), coefficient of variation of (5,663), and Variance of 8.01 to confirm the risk estimate we provide. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pescanova's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pescanova is expected to be smaller as well. At this point, Pescanova SA has a negative expected return of -0.0071%. Please make sure to check Pescanova's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Pescanova SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Pescanova SA has modest reverse predictability. Overlapping area represents the amount of predictability between Pescanova time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Pescanova SA price movement. The serial correlation of -0.49 indicates that about 49.0% of current Pescanova price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pescanova SA lagged returns against current returns
Autocorrelation, which is Pescanova 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 Pescanova's stock expected returns. We can calculate the autocorrelation of Pescanova returns to help us make a trade decision. For example, suppose you find that Pescanova 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 |
Pescanova 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 Pescanova stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pescanova stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pescanova stock over time.
Current vs Lagged Prices |
| Timeline |
Pescanova Lagged Returns
When evaluating Pescanova's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pescanova stock have on its future price. Pescanova 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, Pescanova autocorrelation shows the relationship between Pescanova stock current value and its past values and can show if there is a momentum factor associated with investing in Pescanova SA.
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.Other Information on Investing in Pescanova Stock
Pescanova financial ratios help investors to determine whether Pescanova Stock 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 Pescanova with respect to the benefits of owning Pescanova security.