Pan African (South Africa) Market Value
| PAN Stock | 826.00 44.00 5.06% |
| Symbol | Pan |
Pan African '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 African'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 African.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Pan African on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Pan African Resources or generate 0.0% return on investment in Pan African over 720 days. Pan African is related to or competes with Ascendis Health, Astoria Investments, Advtech, Bytes Technology, E Media, and Brimstone Investment. More
Pan African 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 African'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 African Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0917 | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 4.05 |
Pan African Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan African's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan African's standard deviation. In reality, there are many statistical measures that can use Pan African historical prices to predict the future Pan African's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.3035 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0909 | |||
| Treynor Ratio | 1.15 |
Pan African Resources Backtested Returns
Pan African appears to be very steady, given 3 months investment horizon. Pan African Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pan African Resources, which you can use to evaluate the volatility of the company. Please evaluate Pan African's Semi Deviation of 2.0, risk adjusted performance of 0.1192, and Coefficient Of Variation of 682.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pan African holds a performance score of 9. The company holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pan African's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pan African is expected to be smaller as well. Please check Pan African's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether Pan African's historical price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Pan African Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Pan African time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Pan African Resources price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Pan African price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 19.6 K |
Pan African Resources lagged returns against current returns
Autocorrelation, which is Pan African 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 African's stock expected returns. We can calculate the autocorrelation of Pan African returns to help us make a trade decision. For example, suppose you find that Pan African 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 African 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 African stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan African stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan African stock over time.
Current vs Lagged Prices |
| Timeline |
Pan African Lagged Returns
When evaluating Pan African's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan African stock have on its future price. Pan African 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 African autocorrelation shows the relationship between Pan African stock current value and its past values and can show if there is a momentum factor associated with investing in Pan African Resources.
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 Pan Stock
Pan African financial ratios help investors to determine whether Pan 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 Pan with respect to the benefits of owning Pan African security.