Public Packages' market value is the price at which a share of Public Packages trades on a public exchange. It measures the collective expectations of Public Packages Holdings investors about its performance. Public Packages is selling for 0.79 as of the 28th of November 2024. This is a 1.28 percent increase since the beginning of the trading day. The stock's lowest day price was 0.78. With this module, you can estimate the performance of a buy and hold strategy of Public Packages Holdings and determine expected loss or profit from investing in Public Packages over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Public
Public Packages '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 Public Packages' 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 Public Packages.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in Public Packages on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Public Packages Holdings or generate 0.0% return on investment in Public Packages over 30 days.
Public Packages 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 Public Packages' 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 Public Packages Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Public Packages' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Public Packages' standard deviation. In reality, there are many statistical measures that can use Public Packages historical prices to predict the future Public Packages' volatility.
Public Packages Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0859, which implies the firm had a -0.0859% return per unit of risk over the last 3 months. Public Packages Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Public Packages' Variance of 2.31, coefficient of variation of (998.93), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of -0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Public Packages are expected to decrease at a much lower rate. During the bear market, Public Packages is likely to outperform the market. At this point, Public Packages Holdings has a negative expected return of -0.13%. Please make sure to check Public Packages' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Public Packages Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation
0.10
Insignificant predictability
Public Packages Holdings has insignificant predictability. Overlapping area represents the amount of predictability between Public Packages time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Public Packages Holdings price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Public Packages price fluctuation can be explain by its past prices.
Correlation Coefficient
0.1
Spearman Rank Test
0.31
Residual Average
0.0
Price Variance
0.0
Public Packages Holdings lagged returns against current returns
Autocorrelation, which is Public Packages 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 Public Packages' stock expected returns. We can calculate the autocorrelation of Public Packages returns to help us make a trade decision. For example, suppose you find that Public Packages 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
Public Packages 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 Public Packages stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Public Packages stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Public Packages stock over time.
Current vs Lagged Prices
Timeline
Public Packages Lagged Returns
When evaluating Public Packages' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Public Packages stock have on its future price. Public Packages 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, Public Packages autocorrelation shows the relationship between Public Packages stock current value and its past values and can show if there is a momentum factor associated with investing in Public Packages Holdings.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.