PG E (Germany) Market Value
| PCG6 Stock | EUR 21.80 0.20 0.91% |
| Symbol | PCG6 |
PG E '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 PG E'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 PG E.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in PG E on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding PG E P6 or generate 0.0% return on investment in PG E over 30 days. PG E is related to or competes with SSE PLC, CIA ENGER, EVN AG, and TELECOM PLUS. Pacific Gas and Electric Company generates, transmits, distributes, and sells electricity and natural gas to customers i... More
PG E 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 PG E'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 PG E P6 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.9 |
PG E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PG E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PG E's standard deviation. In reality, there are many statistical measures that can use PG E historical prices to predict the future PG E's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.091 | |||
| Total Risk Alpha | 0.0627 | |||
| Sortino Ratio | 0.0507 | |||
| Treynor Ratio | 0.7735 |
PG E P6 Backtested Returns
At this point, PG E is very steady. PG E P6 retains Efficiency (Sharpe Ratio) of 0.0814, which implies the firm had a 0.0814% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for PG E, which you can use to evaluate the volatility of the company. Please check PG E's standard deviation of 1.11, and Market Risk Adjusted Performance of 0.7835 to confirm if the risk estimate we provide is consistent with the expected return of 0.0902%. PG E has a performance score of 6 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, PG E's returns are expected to increase less than the market. However, during the bear market, the loss of holding PG E is expected to be smaller as well. PG E P6 today owns a risk of 1.11%. Please check PG E P6 market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if PG E P6 will be following its current price history.
Auto-correlation | 0.34 |
Below average predictability
PG E P6 has below average predictability. Overlapping area represents the amount of predictability between PG E time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 PG E P6 price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current PG E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PG E P6 lagged returns against current returns
Autocorrelation, which is PG E 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 PG E's stock expected returns. We can calculate the autocorrelation of PG E returns to help us make a trade decision. For example, suppose you find that PG E 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 |
PG E 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 PG E stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PG E stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PG E stock over time.
Current vs Lagged Prices |
| Timeline |
PG E Lagged Returns
When evaluating PG E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PG E stock have on its future price. PG E 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, PG E autocorrelation shows the relationship between PG E stock current value and its past values and can show if there is a momentum factor associated with investing in PG E P6.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PCG6 Stock
PG E financial ratios help investors to determine whether PCG6 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 PCG6 with respect to the benefits of owning PG E security.