Prairiesky Royalty Stock Market Value
| PREKF Stock | USD 21.21 0.10 0.47% |
| Symbol | PrairieSky |
PrairieSky Royalty '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 PrairieSky Royalty'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 PrairieSky Royalty.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in PrairieSky Royalty on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding PrairieSky Royalty or generate 0.0% return on investment in PrairieSky Royalty over 30 days. PrairieSky Royalty is related to or competes with Tamarack Valley, MEG Energy, Tourmaline Oil, Cardinal Energy, Peyto ExplorationDevel, Gear Energy, and Athabasca Oil. PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, an... More
PrairieSky Royalty 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 PrairieSky Royalty'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 PrairieSky Royalty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.24 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.15 |
PrairieSky Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PrairieSky Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PrairieSky Royalty's standard deviation. In reality, there are many statistical measures that can use PrairieSky Royalty historical prices to predict the future PrairieSky Royalty's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.0448 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2689 |
PrairieSky Royalty Backtested Returns
At this point, PrairieSky Royalty is very steady. PrairieSky Royalty maintains Sharpe Ratio (i.e., Efficiency) of 0.0568, which implies the firm had a 0.0568% return per unit of risk over the last 3 months. We have found thirty technical indicators for PrairieSky Royalty, which you can use to evaluate the volatility of the company. Please check PrairieSky Royalty's Coefficient Of Variation of 1602.11, semi deviation of 1.49, and Risk Adjusted Performance of 0.0527 to confirm if the risk estimate we provide is consistent with the expected return of 0.087%. PrairieSky Royalty has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PrairieSky Royalty's returns are expected to increase less than the market. However, during the bear market, the loss of holding PrairieSky Royalty is expected to be smaller as well. PrairieSky Royalty right now holds a risk of 1.53%. Please check PrairieSky Royalty potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if PrairieSky Royalty will be following its historical price patterns.
Auto-correlation | 0.44 |
Average predictability
PrairieSky Royalty has average predictability. Overlapping area represents the amount of predictability between PrairieSky Royalty time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 PrairieSky Royalty price movement. The serial correlation of 0.44 indicates that just about 44.0% of current PrairieSky Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
PrairieSky Royalty lagged returns against current returns
Autocorrelation, which is PrairieSky Royalty 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 PrairieSky Royalty's pink sheet expected returns. We can calculate the autocorrelation of PrairieSky Royalty returns to help us make a trade decision. For example, suppose you find that PrairieSky Royalty 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 |
PrairieSky Royalty 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 PrairieSky Royalty pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PrairieSky Royalty pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PrairieSky Royalty pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PrairieSky Royalty Lagged Returns
When evaluating PrairieSky Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PrairieSky Royalty pink sheet have on its future price. PrairieSky Royalty 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, PrairieSky Royalty autocorrelation shows the relationship between PrairieSky Royalty pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PrairieSky Royalty.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PrairieSky Pink Sheet
PrairieSky Royalty financial ratios help investors to determine whether PrairieSky 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 PrairieSky with respect to the benefits of owning PrairieSky Royalty security.