Penta Ocean (Germany) Market Value
| PO6 Stock | EUR 3.76 0.08 2.08% |
| Symbol | Penta |
Penta Ocean '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 Penta Ocean'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 Penta Ocean.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Penta Ocean on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Penta Ocean Construction Co or generate 0.0% return on investment in Penta Ocean over 30 days. Penta Ocean is related to or competes with GREENX METALS, Dave Busters, Zijin Mining, MCEWEN MINING, GigaMedia, Hollywood Bowl, and Jacquet Metal. Penta-Ocean Construction Co., Ltd. engages in the construction of civil engineering and building construction projects i... More
Penta Ocean 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 Penta Ocean'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 Penta Ocean Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.07 |
Penta Ocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penta Ocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penta Ocean's standard deviation. In reality, there are many statistical measures that can use Penta Ocean historical prices to predict the future Penta Ocean's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.9027 |
Penta Ocean Construc Backtested Returns
Penta Ocean Construc maintains Sharpe Ratio (i.e., Efficiency) of -0.0347, which implies the firm had a -0.0347% return per unit of risk over the last 3 months. Penta Ocean Construc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Penta Ocean's Variance of 1.86, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,771) to confirm the risk estimate we provide. The company holds a Beta of -0.0963, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Penta Ocean are expected to decrease at a much lower rate. During the bear market, Penta Ocean is likely to outperform the market. At this point, Penta Ocean Construc has a negative expected return of -0.0477%. Please make sure to check Penta Ocean's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Penta Ocean Construc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Penta Ocean Construction Co has modest reverse predictability. Overlapping area represents the amount of predictability between Penta Ocean 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 Penta Ocean Construc price movement. The serial correlation of -0.46 indicates that about 46.0% of current Penta Ocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Penta Ocean Construc lagged returns against current returns
Autocorrelation, which is Penta Ocean 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 Penta Ocean's stock expected returns. We can calculate the autocorrelation of Penta Ocean returns to help us make a trade decision. For example, suppose you find that Penta Ocean 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 |
Penta Ocean 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 Penta Ocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penta Ocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penta Ocean stock over time.
Current vs Lagged Prices |
| Timeline |
Penta Ocean Lagged Returns
When evaluating Penta Ocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penta Ocean stock have on its future price. Penta Ocean 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, Penta Ocean autocorrelation shows the relationship between Penta Ocean stock current value and its past values and can show if there is a momentum factor associated with investing in Penta Ocean Construction Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Penta Stock
Penta Ocean financial ratios help investors to determine whether Penta 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 Penta with respect to the benefits of owning Penta Ocean security.