Pacific Basin (Germany) Market Value
| OYD Stock | EUR 0.18 0.01 5.26% |
| Symbol | Pacific |
Pacific Basin '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 Pacific Basin'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 Pacific Basin.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Pacific Basin on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Pacific Basin Shipping or generate 0.0% return on investment in Pacific Basin over 720 days. Pacific Basin is related to or competes with AP Mller, AP Møller, ZIM Integrated, DFDS AS, Clarkson PLC, and BW LPG. Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide More
Pacific Basin 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 Pacific Basin'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 Pacific Basin Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.55 |
Pacific Basin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Basin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Basin's standard deviation. In reality, there are many statistical measures that can use Pacific Basin historical prices to predict the future Pacific Basin's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.69 |
Pacific Basin Shipping Backtested Returns
Pacific Basin Shipping maintains Sharpe Ratio (i.e., Efficiency) of -0.0737, which implies the firm had a -0.0737% return per unit of risk over the last 3 months. Pacific Basin Shipping exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacific Basin's Variance of 15.81, coefficient of variation of (1,357), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pacific Basin are expected to decrease at a much lower rate. During the bear market, Pacific Basin is likely to outperform the market. At this point, Pacific Basin Shipping has a negative expected return of -0.29%. Please make sure to check Pacific Basin's total risk alpha, kurtosis, and the relationship between the information ratio and potential upside , to decide if Pacific Basin Shipping performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Pacific Basin Shipping has modest predictability. Overlapping area represents the amount of predictability between Pacific Basin time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Pacific Basin Shipping price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Pacific Basin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Basin Shipping lagged returns against current returns
Autocorrelation, which is Pacific Basin 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 Pacific Basin's stock expected returns. We can calculate the autocorrelation of Pacific Basin returns to help us make a trade decision. For example, suppose you find that Pacific Basin 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 |
Pacific Basin 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 Pacific Basin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Basin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Basin stock over time.
Current vs Lagged Prices |
| Timeline |
Pacific Basin Lagged Returns
When evaluating Pacific Basin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Basin stock have on its future price. Pacific Basin 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, Pacific Basin autocorrelation shows the relationship between Pacific Basin stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Basin Shipping.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pacific Stock
Pacific Basin financial ratios help investors to determine whether Pacific 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 Pacific with respect to the benefits of owning Pacific Basin security.