Pharmchem Stock Market Value
| PCHM Stock | USD 3.10 0.00 0.00% |
| Symbol | PharmChem |
PharmChem '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 PharmChem'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 PharmChem.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in PharmChem on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding PharmChem or generate 0.0% return on investment in PharmChem over 30 days. PharmChem is related to or competes with Danaher, Agilent Technologies, Illumina, IDEXX Laboratories, and Waters. PharmChem, Inc. provides PharmChek Sweat Patch that is used to detect drugs of abuse More
PharmChem 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 PharmChem'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 PharmChem upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.59 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.38 | |||
| Value At Risk | (6.94) | |||
| Potential Upside | 7.46 |
PharmChem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PharmChem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PharmChem's standard deviation. In reality, there are many statistical measures that can use PharmChem historical prices to predict the future PharmChem's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | 0.0953 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.012 |
PharmChem Backtested Returns
PharmChem maintains Sharpe Ratio (i.e., Efficiency) of -0.0499, which implies the firm had a -0.0499% return per unit of risk over the last 3 months. PharmChem exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PharmChem's Risk Adjusted Performance of 0.008, semi deviation of 2.95, and Coefficient Of Variation of 2996567.93 to confirm the risk estimate we provide. The company holds a Beta of -0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PharmChem are expected to decrease at a much lower rate. During the bear market, PharmChem is likely to outperform the market. At this point, PharmChem has a negative expected return of -0.18%. Please make sure to check PharmChem's coefficient of variation, potential upside, day typical price, as well as the relationship between the sortino ratio and skewness , to decide if PharmChem performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
PharmChem has below average predictability. Overlapping area represents the amount of predictability between PharmChem time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 PharmChem price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current PharmChem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PharmChem lagged returns against current returns
Autocorrelation, which is PharmChem 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 PharmChem's pink sheet expected returns. We can calculate the autocorrelation of PharmChem returns to help us make a trade decision. For example, suppose you find that PharmChem 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 |
PharmChem 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 PharmChem pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PharmChem pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PharmChem pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PharmChem Lagged Returns
When evaluating PharmChem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PharmChem pink sheet have on its future price. PharmChem 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, PharmChem autocorrelation shows the relationship between PharmChem pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PharmChem.
Regressed Prices |
| Timeline |
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PharmChem financial ratios help investors to determine whether PharmChem Pink Sheet 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 PharmChem with respect to the benefits of owning PharmChem security.