Pinduoduo (Brazil) Market Value
| P1DD34 Stock | BRL 60.33 7.59 11.17% |
| Symbol | Pinduoduo |
Pinduoduo '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 Pinduoduo'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 Pinduoduo.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Pinduoduo on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Pinduoduo or generate 0.0% return on investment in Pinduoduo over 30 days. Pinduoduo is related to or competes with British American, Take Two, Bemobi Mobile, NXP Semiconductors, Broadcom, and Align Technology. More
Pinduoduo 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 Pinduoduo'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 Pinduoduo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 30.58 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 6.34 |
Pinduoduo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinduoduo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinduoduo's standard deviation. In reality, there are many statistical measures that can use Pinduoduo historical prices to predict the future Pinduoduo's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 4.0 |
Pinduoduo Backtested Returns
Pinduoduo maintains Sharpe Ratio (i.e., Efficiency) of -0.0408, which implies the firm had a -0.0408% return per unit of risk over the last 3 months. Pinduoduo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pinduoduo's Variance of 26.31, coefficient of variation of (3,875), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.0356, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pinduoduo are expected to decrease at a much lower rate. During the bear market, Pinduoduo is likely to outperform the market. At this point, Pinduoduo has a negative expected return of -0.22%. Please make sure to check Pinduoduo's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Pinduoduo performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Pinduoduo has poor reverse predictability. Overlapping area represents the amount of predictability between Pinduoduo time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Pinduoduo price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Pinduoduo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 9.11 |
Pinduoduo lagged returns against current returns
Autocorrelation, which is Pinduoduo 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 Pinduoduo's stock expected returns. We can calculate the autocorrelation of Pinduoduo returns to help us make a trade decision. For example, suppose you find that Pinduoduo 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 |
Pinduoduo 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 Pinduoduo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinduoduo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinduoduo stock over time.
Current vs Lagged Prices |
| Timeline |
Pinduoduo Lagged Returns
When evaluating Pinduoduo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinduoduo stock have on its future price. Pinduoduo 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, Pinduoduo autocorrelation shows the relationship between Pinduoduo stock current value and its past values and can show if there is a momentum factor associated with investing in Pinduoduo.
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 Pinduoduo Stock
Pinduoduo financial ratios help investors to determine whether Pinduoduo 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 Pinduoduo with respect to the benefits of owning Pinduoduo security.