Poznanska Korporacja (Poland) Market Value
| PBX Stock | 17.50 0.65 3.58% |
| Symbol | Poznanska |
Poznanska Korporacja '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 Poznanska Korporacja'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 Poznanska Korporacja.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Poznanska Korporacja on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Poznanska Korporacja Budowlana or generate 0.0% return on investment in Poznanska Korporacja over 30 days. Poznanska Korporacja is related to or competes with Santander Bank, Centrum Finansowe, LSI Software, Skyline Investment, Noble Financials, UniCredit SpA, and Creotech Instruments. More
Poznanska Korporacja 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 Poznanska Korporacja'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 Poznanska Korporacja Budowlana upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.08 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.23 |
Poznanska Korporacja Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Poznanska Korporacja's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Poznanska Korporacja's standard deviation. In reality, there are many statistical measures that can use Poznanska Korporacja historical prices to predict the future Poznanska Korporacja's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.56 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Poznanska Korporacja'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.
Poznanska Korporacja Backtested Returns
Poznanska Korporacja maintains Sharpe Ratio (i.e., Efficiency) of -0.0627, which implies the firm had a -0.0627% return per unit of risk over the last 3 months. Poznanska Korporacja exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Poznanska Korporacja's Coefficient Of Variation of (819.91), risk adjusted performance of (0.08), and Variance of 6.31 to confirm the risk estimate we provide. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Poznanska Korporacja are expected to decrease at a much lower rate. During the bear market, Poznanska Korporacja is likely to outperform the market. At this point, Poznanska Korporacja has a negative expected return of -0.13%. Please make sure to check Poznanska Korporacja's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Poznanska Korporacja performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Poznanska Korporacja Budowlana has good predictability. Overlapping area represents the amount of predictability between Poznanska Korporacja time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Poznanska Korporacja price movement. The serial correlation of 0.75 indicates that around 75.0% of current Poznanska Korporacja price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Poznanska Korporacja lagged returns against current returns
Autocorrelation, which is Poznanska Korporacja 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 Poznanska Korporacja's stock expected returns. We can calculate the autocorrelation of Poznanska Korporacja returns to help us make a trade decision. For example, suppose you find that Poznanska Korporacja 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 |
Poznanska Korporacja 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 Poznanska Korporacja stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Poznanska Korporacja stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Poznanska Korporacja stock over time.
Current vs Lagged Prices |
| Timeline |
Poznanska Korporacja Lagged Returns
When evaluating Poznanska Korporacja's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Poznanska Korporacja stock have on its future price. Poznanska Korporacja 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, Poznanska Korporacja autocorrelation shows the relationship between Poznanska Korporacja stock current value and its past values and can show if there is a momentum factor associated with investing in Poznanska Korporacja Budowlana.
Regressed Prices |
| Timeline |
Pair Trading with Poznanska Korporacja
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Poznanska Korporacja position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Poznanska Korporacja will appreciate offsetting losses from the drop in the long position's value.Moving against Poznanska Stock
The ability to find closely correlated positions to Poznanska Korporacja could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Poznanska Korporacja when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Poznanska Korporacja - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Poznanska Korporacja Budowlana to buy it.
The correlation of Poznanska Korporacja is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Poznanska Korporacja moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Poznanska Korporacja moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Poznanska Korporacja can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Poznanska Stock Analysis
When running Poznanska Korporacja's price analysis, check to measure Poznanska Korporacja'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 Poznanska Korporacja is operating at the current time. Most of Poznanska Korporacja's value examination focuses on studying past and present price action to predict the probability of Poznanska Korporacja's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Poznanska Korporacja's price. Additionally, you may evaluate how the addition of Poznanska Korporacja to your portfolios can decrease your overall portfolio volatility.