Power Of Stock Market Value
| PWCDF Stock | USD 33.23 0.41 1.22% |
| Symbol | Powerof |
Powerof Canada '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 Powerof Canada'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 Powerof Canada.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Powerof Canada on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Power of or generate 0.0% return on investment in Powerof Canada over 720 days. Powerof Canada is related to or competes with Manulife Financial, Manulife Financial, Ping An, Prudential Public, FG Annuities, MetLife Preferred, and Brighthouse Financial. Power Corporation of Canada operates as an international management and holding company in North America, Europe, and As... More
Powerof Canada 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 Powerof Canada'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 Power of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.0554 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.58 |
Powerof Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powerof Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powerof Canada's standard deviation. In reality, there are many statistical measures that can use Powerof Canada historical prices to predict the future Powerof Canada's volatility.| Risk Adjusted Performance | 0.1462 | |||
| Jensen Alpha | 0.1253 | |||
| Total Risk Alpha | 0.0267 | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | 0.4677 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Powerof Canada'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.
Powerof Canada Backtested Returns
At this point, Powerof Canada is very steady. Powerof Canada maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Powerof Canada, which you can use to evaluate the volatility of the company. Please check Powerof Canada's Coefficient Of Variation of 528.91, semi deviation of 0.9337, and Risk Adjusted Performance of 0.1462 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Powerof Canada has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of 0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Powerof Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Powerof Canada is expected to be smaller as well. Powerof Canada right now holds a risk of 0.92%. Please check Powerof Canada potential upside, accumulation distribution, price action indicator, as well as the relationship between the expected short fall and day median price , to decide if Powerof Canada will be following its historical price patterns.
Auto-correlation | 0.20 |
Weak predictability
Power of has weak predictability. Overlapping area represents the amount of predictability between Powerof Canada time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Powerof Canada price movement. The serial correlation of 0.2 indicates that over 20.0% of current Powerof Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 4.65 |
Powerof Canada lagged returns against current returns
Autocorrelation, which is Powerof Canada 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 Powerof Canada's pink sheet expected returns. We can calculate the autocorrelation of Powerof Canada returns to help us make a trade decision. For example, suppose you find that Powerof Canada 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 |
Powerof Canada 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 Powerof Canada pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powerof Canada pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powerof Canada pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Powerof Canada Lagged Returns
When evaluating Powerof Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powerof Canada pink sheet have on its future price. Powerof Canada 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, Powerof Canada autocorrelation shows the relationship between Powerof Canada pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Power of.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Powerof Pink Sheet
Powerof Canada financial ratios help investors to determine whether Powerof 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 Powerof with respect to the benefits of owning Powerof Canada security.