Pacific Bay Minerals Stock Market Value
| PBM Stock | CAD 0.05 0.00 0.00% |
| Symbol | Pacific |
Pacific Bay '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 Pacific Bay'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 Pacific Bay.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Pacific Bay on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Bay Minerals or generate 0.0% return on investment in Pacific Bay over 60 days. Pacific Bay is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Pacific Bay Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Pacific Bay 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 Pacific Bay'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 Pacific Bay Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1197 | |||
| Maximum Drawdown | 53.33 | |||
| Potential Upside | 25.0 |
Pacific Bay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Bay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Bay's standard deviation. In reality, there are many statistical measures that can use Pacific Bay historical prices to predict the future Pacific Bay's volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.81) |
Pacific Bay Minerals Backtested Returns
Pacific Bay is out of control given 3 months investment horizon. Pacific Bay Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Pacific Bay Risk Adjusted Performance of 0.1137, coefficient of variation of 730.22, and Variance of 57.16 to evaluate company specific risk that cannot be diversified away. Pacific Bay holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of -1.26, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Pacific Bay are expected to decrease by larger amounts. On the other hand, during market turmoil, Pacific Bay is expected to outperform it. Use Pacific Bay information ratio, as well as the relationship between the skewness and day typical price , to analyze future returns on Pacific Bay.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Pacific Bay Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pacific Bay time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Pacific Bay Minerals price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Pacific Bay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Bay Minerals lagged returns against current returns
Autocorrelation, which is Pacific Bay 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 Pacific Bay's stock expected returns. We can calculate the autocorrelation of Pacific Bay returns to help us make a trade decision. For example, suppose you find that Pacific Bay 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 |
Pacific Bay 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 Pacific Bay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Bay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Bay stock over time.
Current vs Lagged Prices |
| Timeline |
Pacific Bay Lagged Returns
When evaluating Pacific Bay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Bay stock have on its future price. Pacific Bay 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, Pacific Bay autocorrelation shows the relationship between Pacific Bay stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Bay Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pacific Stock Analysis
When running Pacific Bay's price analysis, check to measure Pacific Bay'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 Pacific Bay is operating at the current time. Most of Pacific Bay's value examination focuses on studying past and present price action to predict the probability of Pacific Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Bay's price. Additionally, you may evaluate how the addition of Pacific Bay to your portfolios can decrease your overall portfolio volatility.