Pyramidion Technology Group Stock Market Value
| NXGB Stock | USD 0.0003 0.00 0.00% |
| Symbol | Pyramidion |
Pyramidion Technology '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 Pyramidion Technology'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 Pyramidion Technology.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Pyramidion Technology on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Pyramidion Technology Group or generate 0.0% return on investment in Pyramidion Technology over 720 days. Pyramidion Technology is related to or competes with Lincoln Electric, Eastern, One Gas, Timken, Kenon Holdings, Nike, and Mannatech Incorporated. NxGen Brands Inc., doing business as, LeafyWell, engages in manufacturing, distributing, and marketing various cannabidi... More
Pyramidion Technology 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 Pyramidion Technology'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 Pyramidion Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 96.61 |
Pyramidion Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pyramidion Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pyramidion Technology's standard deviation. In reality, there are many statistical measures that can use Pyramidion Technology historical prices to predict the future Pyramidion Technology's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (3.04) | |||
| Treynor Ratio | 0.6862 |
Pyramidion Technology Backtested Returns
Pyramidion Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0299, which implies the firm had a -0.0299% return per unit of risk over the last 3 months. Pyramidion Technology exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pyramidion Technology's Variance of 237.4, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,396) to confirm the risk estimate we provide. The company holds a Beta of -0.68, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pyramidion Technology are expected to decrease at a much lower rate. During the bear market, Pyramidion Technology is likely to outperform the market. At this point, Pyramidion Technology has a negative expected return of -0.47%. Please make sure to check Pyramidion Technology's coefficient of variation and the relationship between the information ratio and day median price , to decide if Pyramidion Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Pyramidion Technology Group has very good predictability. Overlapping area represents the amount of predictability between Pyramidion Technology time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Pyramidion Technology price movement. The serial correlation of 0.82 indicates that around 82.0% of current Pyramidion Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pyramidion Technology lagged returns against current returns
Autocorrelation, which is Pyramidion Technology 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 Pyramidion Technology's pink sheet expected returns. We can calculate the autocorrelation of Pyramidion Technology returns to help us make a trade decision. For example, suppose you find that Pyramidion Technology 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 |
Pyramidion Technology 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 Pyramidion Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pyramidion Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pyramidion Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pyramidion Technology Lagged Returns
When evaluating Pyramidion Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pyramidion Technology pink sheet have on its future price. Pyramidion Technology 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, Pyramidion Technology autocorrelation shows the relationship between Pyramidion Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pyramidion Technology Group.
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.Other Information on Investing in Pyramidion Pink Sheet
Pyramidion Technology financial ratios help investors to determine whether Pyramidion 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 Pyramidion with respect to the benefits of owning Pyramidion Technology security.