PICKN PAY (Germany) Market Value
| PIK Stock | 1.52 0.01 0.66% |
| Symbol | PICKN |
PICKN PAY '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 PICKN PAY'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 PICKN PAY.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in PICKN PAY on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding PICKN PAY STORES or generate 0.0% return on investment in PICKN PAY over 30 days. PICKN PAY is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
PICKN PAY 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 PICKN PAY'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 PICKN PAY STORES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.1159 | |||
| Maximum Drawdown | 22.07 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 5.52 |
PICKN PAY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PICKN PAY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PICKN PAY's standard deviation. In reality, there are many statistical measures that can use PICKN PAY historical prices to predict the future PICKN PAY's volatility.| Risk Adjusted Performance | 0.1286 | |||
| Jensen Alpha | 0.4965 | |||
| Total Risk Alpha | 0.0123 | |||
| Sortino Ratio | 0.1212 | |||
| Treynor Ratio | (1.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PICKN PAY'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.
PICKN PAY STORES Backtested Returns
PICKN PAY appears to be dangerous, given 3 months investment horizon. PICKN PAY STORES retains Efficiency (Sharpe Ratio) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for PICKN PAY, which you can use to evaluate the volatility of the company. Please evaluate PICKN PAY's market risk adjusted performance of (1.46), and Semi Deviation of 2.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PICKN PAY holds a performance score of 10. The company owns a Beta (Systematic Risk) of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PICKN PAY are expected to decrease at a much lower rate. During the bear market, PICKN PAY is likely to outperform the market. Please check PICKN PAY's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether PICKN PAY's current price history will revert.
Auto-correlation | 0.12 |
Insignificant predictability
PICKN PAY STORES has insignificant predictability. Overlapping area represents the amount of predictability between PICKN PAY time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 PICKN PAY STORES price movement. The serial correlation of 0.12 indicates that less than 12.0% of current PICKN PAY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PICKN PAY STORES lagged returns against current returns
Autocorrelation, which is PICKN PAY 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 PICKN PAY's stock expected returns. We can calculate the autocorrelation of PICKN PAY returns to help us make a trade decision. For example, suppose you find that PICKN PAY 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 |
PICKN PAY 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 PICKN PAY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PICKN PAY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PICKN PAY stock over time.
Current vs Lagged Prices |
| Timeline |
PICKN PAY Lagged Returns
When evaluating PICKN PAY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PICKN PAY stock have on its future price. PICKN PAY 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, PICKN PAY autocorrelation shows the relationship between PICKN PAY stock current value and its past values and can show if there is a momentum factor associated with investing in PICKN PAY STORES.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PICKN Stock Analysis
When running PICKN PAY's price analysis, check to measure PICKN PAY'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 PICKN PAY is operating at the current time. Most of PICKN PAY's value examination focuses on studying past and present price action to predict the probability of PICKN PAY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PICKN PAY's price. Additionally, you may evaluate how the addition of PICKN PAY to your portfolios can decrease your overall portfolio volatility.