Pan American (Germany) Market Value
| PA2 Stock | EUR 20.02 0.23 1.16% |
| Symbol | Pan |
Pan American '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 Pan American'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 Pan American.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Pan American on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Pan American Silver or generate 0.0% return on investment in Pan American over 30 days. Pan American is related to or competes with First Majestic, MAG Silver, Silvercorp Metals, Endeavour Silver, Dolly Varden, and Americas Gold. Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processi... More
Pan American 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 Pan American'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 Pan American Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 15.44 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 6.53 |
Pan American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan American's standard deviation. In reality, there are many statistical measures that can use Pan American historical prices to predict the future Pan American's volatility.| Risk Adjusted Performance | 0.0405 | |||
| Jensen Alpha | 0.1066 | |||
| Total Risk Alpha | 0.0315 | |||
| Sortino Ratio | 0.035 | |||
| Treynor Ratio | 0.2841 |
Pan American Silver Backtested Returns
At this point, Pan American is not too volatile. Pan American Silver maintains Sharpe Ratio (i.e., Efficiency) of 0.0381, which implies the firm had a 0.0381% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pan American Silver, which you can use to evaluate the volatility of the company. Please check Pan American's Coefficient Of Variation of 2391.96, risk adjusted performance of 0.0405, and Semi Deviation of 2.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Pan American has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pan American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pan American is expected to be smaller as well. Pan American Silver right now holds a risk of 3.0%. Please check Pan American Silver jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Pan American Silver will be following its historical price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Pan American Silver has poor reverse predictability. Overlapping area represents the amount of predictability between Pan American time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Pan American Silver price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Pan American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Pan American Silver lagged returns against current returns
Autocorrelation, which is Pan American 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 Pan American's stock expected returns. We can calculate the autocorrelation of Pan American returns to help us make a trade decision. For example, suppose you find that Pan American 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 |
Pan American 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 Pan American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan American stock over time.
Current vs Lagged Prices |
| Timeline |
Pan American Lagged Returns
When evaluating Pan American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan American stock have on its future price. Pan American 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, Pan American autocorrelation shows the relationship between Pan American stock current value and its past values and can show if there is a momentum factor associated with investing in Pan American Silver.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Pan Stock
When determining whether Pan American Silver is a strong investment it is important to analyze Pan American's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pan American's future performance. For an informed investment choice regarding Pan Stock, refer to the following important reports:Check out Pan American Correlation, Pan American Volatility and Pan American Alpha and Beta module to complement your research on Pan American. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Pan American technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.