PMPG Polskie (Poland) Market Value
| PGM Stock | 1.86 0.01 0.53% |
| Symbol | PMPG |
PMPG Polskie '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 PMPG Polskie'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 PMPG Polskie.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in PMPG Polskie on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding PMPG Polskie Media or generate 0.0% return on investment in PMPG Polskie over 180 days. PMPG Polskie is related to or competes with Skyline Investment, Saule Technologies, Carlson Investments, Immobile, Tower Investments, and Globe Trade. More
PMPG Polskie 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 PMPG Polskie'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 PMPG Polskie Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 19.25 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.13 |
PMPG Polskie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PMPG Polskie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PMPG Polskie's standard deviation. In reality, there are many statistical measures that can use PMPG Polskie historical prices to predict the future PMPG Polskie's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (0.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PMPG Polskie'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.
PMPG Polskie Media Backtested Returns
PMPG Polskie Media maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of standard deviation over the last 3 months. PMPG Polskie Media exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PMPG Polskie's Market Risk Adjusted Performance of (0.78), coefficient of variation of (488.47), and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The company holds a Beta of 0.86, which implies possible diversification benefits within a given portfolio. PMPG Polskie returns are very sensitive to returns on the market. As the market goes up or down, PMPG Polskie is expected to follow. At this point, PMPG Polskie Media has a negative expected return of -0.65%. Please make sure to check PMPG Polskie's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if PMPG Polskie Media performance from the past will be repeated at future time.
Auto-correlation | 0.37 |
Below average predictability
PMPG Polskie Media has below average predictability. Overlapping area represents the amount of predictability between PMPG Polskie time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 PMPG Polskie Media price movement. The serial correlation of 0.37 indicates that just about 37.0% of current PMPG Polskie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
PMPG Polskie Media lagged returns against current returns
Autocorrelation, which is PMPG Polskie 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 PMPG Polskie's stock expected returns. We can calculate the autocorrelation of PMPG Polskie returns to help us make a trade decision. For example, suppose you find that PMPG Polskie 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 |
PMPG Polskie 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 PMPG Polskie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PMPG Polskie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PMPG Polskie stock over time.
Current vs Lagged Prices |
| Timeline |
PMPG Polskie Lagged Returns
When evaluating PMPG Polskie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PMPG Polskie stock have on its future price. PMPG Polskie 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, PMPG Polskie autocorrelation shows the relationship between PMPG Polskie stock current value and its past values and can show if there is a momentum factor associated with investing in PMPG Polskie Media.
Regressed Prices |
| Timeline |
Pair Trading with PMPG Polskie
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 PMPG Polskie 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 PMPG Polskie will appreciate offsetting losses from the drop in the long position's value.Moving together with PMPG Stock
Moving against PMPG Stock
The ability to find closely correlated positions to PMPG Polskie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PMPG Polskie 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 PMPG Polskie - 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 PMPG Polskie Media to buy it.
The correlation of PMPG Polskie 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 PMPG Polskie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PMPG Polskie Media 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 PMPG Polskie 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 PMPG Stock Analysis
When running PMPG Polskie's price analysis, check to measure PMPG Polskie'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 PMPG Polskie is operating at the current time. Most of PMPG Polskie's value examination focuses on studying past and present price action to predict the probability of PMPG Polskie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PMPG Polskie's price. Additionally, you may evaluate how the addition of PMPG Polskie to your portfolios can decrease your overall portfolio volatility.