Pacific Basin Shipping Stock Market Value
| PCFBY Stock | USD 5.69 0.10 1.79% |
| Symbol | Pacific |
Pacific Basin '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 Basin's pink sheet 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 Basin.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Pacific Basin on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Pacific Basin Shipping or generate 0.0% return on investment in Pacific Basin over 720 days. Pacific Basin is related to or competes with AP Mller, COSCO SHIPPING, and Orient Overseas. Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide More
Pacific Basin 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 Basin's pink sheet 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 Basin Shipping upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.65 | |||
| Information Ratio | 0.0097 | |||
| Maximum Drawdown | 35.64 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 9.55 |
Pacific Basin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Basin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Basin's standard deviation. In reality, there are many statistical measures that can use Pacific Basin historical prices to predict the future Pacific Basin's volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | 0.1982 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.0085 | |||
| Treynor Ratio | (0.70) |
Pacific Basin Shipping Backtested Returns
At this stage we consider Pacific Pink Sheet to be unstable. Pacific Basin Shipping maintains Sharpe Ratio (i.e., Efficiency) of 0.0297, which implies the firm had a 0.0297% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pacific Basin Shipping, which you can use to evaluate the volatility of the company. Please check Pacific Basin's Coefficient Of Variation of 2774.48, risk adjusted performance of 0.0361, and Semi Deviation of 3.51 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Pacific Basin has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pacific Basin are expected to decrease at a much lower rate. During the bear market, Pacific Basin is likely to outperform the market. Pacific Basin Shipping right now holds a risk of 5.02%. Please check Pacific Basin Shipping value at risk, and the relationship between the jensen alpha and skewness , to decide if Pacific Basin Shipping will be following its historical price patterns.
Auto-correlation | 0.35 |
Below average predictability
Pacific Basin Shipping has below average predictability. Overlapping area represents the amount of predictability between Pacific Basin time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Basin Shipping price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Pacific Basin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Pacific Basin Shipping lagged returns against current returns
Autocorrelation, which is Pacific Basin pink sheet'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 Basin's pink sheet expected returns. We can calculate the autocorrelation of Pacific Basin returns to help us make a trade decision. For example, suppose you find that Pacific Basin has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Basin 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 Basin pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Basin pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Basin pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pacific Basin Lagged Returns
When evaluating Pacific Basin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Basin pink sheet have on its future price. Pacific Basin 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 Basin autocorrelation shows the relationship between Pacific Basin pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pacific Basin Shipping.
Regressed Prices |
| Timeline |
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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.Additional Tools for Pacific Pink Sheet Analysis
When running Pacific Basin's price analysis, check to measure Pacific Basin'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 Basin is operating at the current time. Most of Pacific Basin's value examination focuses on studying past and present price action to predict the probability of Pacific Basin'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 Basin's price. Additionally, you may evaluate how the addition of Pacific Basin to your portfolios can decrease your overall portfolio volatility.