Pinnacle West (UK) Market Value
| 0KIT Stock | 94.03 0.94 0.99% |
| Symbol | Pinnacle |
Pinnacle West '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 Pinnacle West'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 Pinnacle West.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Pinnacle West on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Pinnacle West Capital or generate 0.0% return on investment in Pinnacle West over 720 days. Pinnacle West is related to or competes with SilverCrest Metals, Ross Stores, Capital Metals, Home Depot, Power Metal, Wheaton Precious, and Bet At. More
Pinnacle West 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 Pinnacle West'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 Pinnacle West Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.45 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.25 |
Pinnacle West Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle West's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle West's standard deviation. In reality, there are many statistical measures that can use Pinnacle West historical prices to predict the future Pinnacle West's volatility.| Risk Adjusted Performance | 0.077 | |||
| Jensen Alpha | 0.0913 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.8082 |
Pinnacle West Capital Backtested Returns
Currently, Pinnacle West Capital is very steady. Pinnacle West Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.0958, which implies the firm had a 0.0958% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pinnacle West Capital, which you can use to evaluate the volatility of the company. Please check Pinnacle West's Coefficient Of Variation of 1043.97, semi deviation of 0.9417, and Risk Adjusted Performance of 0.077 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Pinnacle West has a performance score of 7 on a scale of 0 to 100. The company holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pinnacle West's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pinnacle West is expected to be smaller as well. Pinnacle West Capital right now holds a risk of 1.24%. Please check Pinnacle West Capital semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Pinnacle West Capital will be following its historical price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Pinnacle West Capital has very weak reverse predictability. Overlapping area represents the amount of predictability between Pinnacle West time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Pinnacle West Capital price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Pinnacle West price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 42.88 |
Pinnacle West Capital lagged returns against current returns
Autocorrelation, which is Pinnacle West 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 Pinnacle West's stock expected returns. We can calculate the autocorrelation of Pinnacle West returns to help us make a trade decision. For example, suppose you find that Pinnacle West 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 |
Pinnacle West 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 Pinnacle West stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle West stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle West stock over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle West Lagged Returns
When evaluating Pinnacle West's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle West stock have on its future price. Pinnacle West 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, Pinnacle West autocorrelation shows the relationship between Pinnacle West stock current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle West Capital.
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 Pinnacle Stock Analysis
When running Pinnacle West's price analysis, check to measure Pinnacle West'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 Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.