Palamina Corp Stock Market Value
| PA Stock | CAD 0.13 0.01 8.33% |
| Symbol | Palamina |
Palamina Corp Price To Book Ratio
Palamina Corp '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 Palamina Corp'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 Palamina Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Palamina Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Palamina Corp or generate 0.0% return on investment in Palamina Corp over 30 days. Palamina Corp is related to or competes with First Majestic, and Ivanhoe Energy. Palamina Corp., through its subsidiary Palamina S.A More
Palamina Corp 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 Palamina Corp'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 Palamina Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 57.5 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 11.11 |
Palamina Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palamina Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palamina Corp's standard deviation. In reality, there are many statistical measures that can use Palamina Corp historical prices to predict the future Palamina Corp's volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | (0.05) |
Palamina Corp Backtested Returns
Palamina Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0232, which implies the firm had a -0.0232% return per unit of risk over the last 3 months. Palamina Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Palamina Corp's Risk Adjusted Performance of 6.0E-4, variance of 58.63, and Coefficient Of Variation of (9,117) to confirm the risk estimate we provide. The company holds a Beta of 2.02, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Palamina Corp will likely underperform. At this point, Palamina Corp has a negative expected return of -0.18%. Please make sure to check Palamina Corp's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Palamina Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Palamina Corp has good predictability. Overlapping area represents the amount of predictability between Palamina Corp time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Palamina Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current Palamina Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Palamina Corp lagged returns against current returns
Autocorrelation, which is Palamina Corp 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 Palamina Corp's stock expected returns. We can calculate the autocorrelation of Palamina Corp returns to help us make a trade decision. For example, suppose you find that Palamina Corp 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 |
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Palamina Corp 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 Palamina Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palamina Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palamina Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Palamina Corp Lagged Returns
When evaluating Palamina Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palamina Corp stock have on its future price. Palamina Corp 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, Palamina Corp autocorrelation shows the relationship between Palamina Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Palamina Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Palamina Stock Analysis
When running Palamina Corp's price analysis, check to measure Palamina Corp'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 Palamina Corp is operating at the current time. Most of Palamina Corp's value examination focuses on studying past and present price action to predict the probability of Palamina Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palamina Corp's price. Additionally, you may evaluate how the addition of Palamina Corp to your portfolios can decrease your overall portfolio volatility.