Pollard Banknote Limited Stock Market Value
| PBL Stock | CAD 25.30 0.15 0.60% |
| Symbol | Pollard |
Pollard Banknote Price To Book Ratio
Pollard Banknote '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 Pollard Banknote'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 Pollard Banknote.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Pollard Banknote on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pollard Banknote Limited or generate 0.0% return on investment in Pollard Banknote over 30 days. Pollard Banknote is related to or competes with TFI International, Baylin Technologies, and Information Services. Pollard Banknote Limited, together with its subsidiaries, provides lottery and gaming products and services worldwide More
Pollard Banknote 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 Pollard Banknote'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 Pollard Banknote Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.0494 | |||
| Maximum Drawdown | 17.64 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 5.52 |
Pollard Banknote Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pollard Banknote's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pollard Banknote's standard deviation. In reality, there are many statistical measures that can use Pollard Banknote historical prices to predict the future Pollard Banknote's volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.2894 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0912 | |||
| Treynor Ratio | (0.56) |
Pollard Banknote Backtested Returns
Pollard Banknote appears to be not too volatile, given 3 months investment horizon. Pollard Banknote maintains Sharpe Ratio (i.e., Efficiency) of 0.0895, which implies the firm had a 0.0895% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pollard Banknote, which you can use to evaluate the volatility of the company. Please evaluate Pollard Banknote's Semi Deviation of 1.44, risk adjusted performance of 0.0733, and Coefficient Of Variation of 1157.94 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pollard Banknote holds a performance score of 7. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pollard Banknote are expected to decrease at a much lower rate. During the bear market, Pollard Banknote is likely to outperform the market. Please check Pollard Banknote's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Pollard Banknote's historical price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Pollard Banknote Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pollard Banknote time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Pollard Banknote price movement. The serial correlation of -0.72 indicates that around 72.0% of current Pollard Banknote price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
Pollard Banknote lagged returns against current returns
Autocorrelation, which is Pollard Banknote 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 Pollard Banknote's stock expected returns. We can calculate the autocorrelation of Pollard Banknote returns to help us make a trade decision. For example, suppose you find that Pollard Banknote 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 |
Pollard Banknote 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 Pollard Banknote stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pollard Banknote stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pollard Banknote stock over time.
Current vs Lagged Prices |
| Timeline |
Pollard Banknote Lagged Returns
When evaluating Pollard Banknote's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pollard Banknote stock have on its future price. Pollard Banknote 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, Pollard Banknote autocorrelation shows the relationship between Pollard Banknote stock current value and its past values and can show if there is a momentum factor associated with investing in Pollard Banknote Limited.
Regressed Prices |
| Timeline |
Other Information on Investing in Pollard Stock
Pollard Banknote financial ratios help investors to determine whether Pollard 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 Pollard with respect to the benefits of owning Pollard Banknote security.