Pinelawn Cemetery Stock Market Value
| PLWN Stock | USD 555.00 0.00 0.00% |
| Symbol | Pinelawn |
Pinelawn Cemetery '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 Pinelawn Cemetery's pink sheet 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 Pinelawn Cemetery.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Pinelawn Cemetery on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Pinelawn Cemetery or generate 0.0% return on investment in Pinelawn Cemetery over 720 days. Pinelawn Cemetery is related to or competes with Bill, Asure Software, Uber Technologies, VirnetX Holding, and Kaltura. It primarily offers cremation services at Memorial Gardens and Garden Mausoleums More
Pinelawn Cemetery 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 Pinelawn Cemetery's pink sheet 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 Pinelawn Cemetery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 3.93 |
Pinelawn Cemetery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinelawn Cemetery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinelawn Cemetery's standard deviation. In reality, there are many statistical measures that can use Pinelawn Cemetery historical prices to predict the future Pinelawn Cemetery's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 11.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pinelawn Cemetery'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.
Pinelawn Cemetery Backtested Returns
Pinelawn Cemetery maintains Sharpe Ratio (i.e., Efficiency) of -0.094, which implies the firm had a -0.094% return per unit of risk over the last 3 months. Pinelawn Cemetery exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pinelawn Cemetery's Risk Adjusted Performance of (0.07), coefficient of variation of (1,088), and Variance of 0.2482 to confirm the risk estimate we provide. The company holds a Beta of -0.005, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pinelawn Cemetery are expected to decrease at a much lower rate. During the bear market, Pinelawn Cemetery is likely to outperform the market. At this point, Pinelawn Cemetery has a negative expected return of -0.048%. Please make sure to check Pinelawn Cemetery's information ratio and day median price , to decide if Pinelawn Cemetery performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Pinelawn Cemetery has insignificant predictability. Overlapping area represents the amount of predictability between Pinelawn Cemetery time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Pinelawn Cemetery price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Pinelawn Cemetery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 238.63 |
Pinelawn Cemetery lagged returns against current returns
Autocorrelation, which is Pinelawn Cemetery pink sheet'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 Pinelawn Cemetery's pink sheet expected returns. We can calculate the autocorrelation of Pinelawn Cemetery returns to help us make a trade decision. For example, suppose you find that Pinelawn Cemetery has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Pinelawn Cemetery 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 Pinelawn Cemetery pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinelawn Cemetery pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinelawn Cemetery pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pinelawn Cemetery Lagged Returns
When evaluating Pinelawn Cemetery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinelawn Cemetery pink sheet have on its future price. Pinelawn Cemetery 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, Pinelawn Cemetery autocorrelation shows the relationship between Pinelawn Cemetery pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pinelawn Cemetery.
Regressed Prices |
| Timeline |
Pair Trading with Pinelawn Cemetery
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 Pinelawn Cemetery 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 Pinelawn Cemetery will appreciate offsetting losses from the drop in the long position's value.Moving together with Pinelawn Pink Sheet
Moving against Pinelawn Pink Sheet
| 0.83 | DSEY | Diversey Holdings | PairCorr |
| 0.61 | FTDR | Frontdoor | PairCorr |
| 0.46 | MCW | Mister Car Wash | PairCorr |
| 0.45 | CRS | Carpenter Technology | PairCorr |
| 0.42 | FSTF | First State Financial | PairCorr |
The ability to find closely correlated positions to Pinelawn Cemetery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinelawn Cemetery 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 Pinelawn Cemetery - 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 Pinelawn Cemetery to buy it.
The correlation of Pinelawn Cemetery 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 Pinelawn Cemetery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinelawn Cemetery 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 Pinelawn Cemetery 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.Other Information on Investing in Pinelawn Pink Sheet
Pinelawn Cemetery financial ratios help investors to determine whether Pinelawn Pink Sheet 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 Pinelawn with respect to the benefits of owning Pinelawn Cemetery security.