Passur Aerospace Stock Market Value
| PSSR Stock | USD 0.01 0.00 0.00% |
| Symbol | Passur |
Passur Aerospace '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 Passur Aerospace'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 Passur Aerospace.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Passur Aerospace on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Passur Aerospace or generate 0.0% return on investment in Passur Aerospace over 390 days. Passur Aerospace is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and CARPENTER. PASSUR Aerospace, Inc., a business intelligence company, provides predictive analytics and decision support technology f... More
Passur Aerospace 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 Passur Aerospace'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 Passur Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 18.01 |
Passur Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Passur Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Passur Aerospace's standard deviation. In reality, there are many statistical measures that can use Passur Aerospace historical prices to predict the future Passur Aerospace's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0286 | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.078 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Passur Aerospace'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.
Passur Aerospace Backtested Returns
Passur Aerospace maintains Sharpe Ratio (i.e., Efficiency) of -0.0514, which implies the firm had a -0.0514% return per unit of risk over the last 3 months. Passur Aerospace exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Passur Aerospace's Coefficient Of Variation of (1,975), variance of 2.72, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -1.2, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Passur Aerospace are expected to decrease by larger amounts. On the other hand, during market turmoil, Passur Aerospace is expected to outperform it. At this point, Passur Aerospace has a negative expected return of -0.0862%. Please make sure to check Passur Aerospace's risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to decide if Passur Aerospace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Passur Aerospace has insignificant predictability. Overlapping area represents the amount of predictability between Passur Aerospace time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Passur Aerospace price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Passur Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Passur Aerospace lagged returns against current returns
Autocorrelation, which is Passur Aerospace 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 Passur Aerospace's pink sheet expected returns. We can calculate the autocorrelation of Passur Aerospace returns to help us make a trade decision. For example, suppose you find that Passur Aerospace 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 |
Passur Aerospace 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 Passur Aerospace pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Passur Aerospace pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Passur Aerospace pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Passur Aerospace Lagged Returns
When evaluating Passur Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Passur Aerospace pink sheet have on its future price. Passur Aerospace 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, Passur Aerospace autocorrelation shows the relationship between Passur Aerospace pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Passur Aerospace.
Regressed Prices |
| Timeline |
Pair Trading with Passur Aerospace
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 Passur Aerospace 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 Passur Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving against Passur Pink Sheet
| 0.77 | DIS | Walt Disney | PairCorr |
| 0.74 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.73 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.71 | WMT | Walmart | PairCorr |
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
The ability to find closely correlated positions to Passur Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Passur Aerospace 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 Passur Aerospace - 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 Passur Aerospace to buy it.
The correlation of Passur Aerospace 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 Passur Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Passur Aerospace 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 Passur Aerospace 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 Passur Pink Sheet Analysis
When running Passur Aerospace's price analysis, check to measure Passur Aerospace'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 Passur Aerospace is operating at the current time. Most of Passur Aerospace's value examination focuses on studying past and present price action to predict the probability of Passur Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Passur Aerospace's price. Additionally, you may evaluate how the addition of Passur Aerospace to your portfolios can decrease your overall portfolio volatility.