Procyon Stock Market Value
| PCYN Stock | USD 0.20 0.00 0.00% |
| Symbol | Procyon |
Procyon '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 Procyon'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 Procyon.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Procyon on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Procyon or generate 0.0% return on investment in Procyon over 60 days. Procyon is related to or competes with Hypera SA, Cumberland Pharmaceuticals, Genomma Lab, and Nippon Shinyaku. Procyon Corporation, together with its subsidiaries, develops and markets proprietary medical products for use in the tr... More
Procyon 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 Procyon'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 Procyon upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 59.92 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 15.0 |
Procyon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Procyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Procyon's standard deviation. In reality, there are many statistical measures that can use Procyon historical prices to predict the future Procyon's volatility.| Risk Adjusted Performance | 0.0537 | |||
| Jensen Alpha | 0.4399 | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 2.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Procyon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Procyon Backtested Returns
As of now, Procyon Pink Sheet is out of control. Procyon maintains Sharpe Ratio (i.e., Efficiency) of 0.0071, which implies the firm had a 0.0071% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Procyon, which you can use to evaluate the volatility of the company. Please check Procyon's Variance of 65.28, coefficient of variation of 1710.23, and Risk Adjusted Performance of 0.0537 to confirm if the risk estimate we provide is consistent with the expected return of 0.0532%. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Procyon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Procyon is expected to be smaller as well. Procyon right now holds a risk of 7.44%. Please check Procyon jensen alpha and kurtosis , to decide if Procyon will be following its historical price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Procyon has modest reverse predictability. Overlapping area represents the amount of predictability between Procyon time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 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 Procyon price movement. The serial correlation of -0.49 indicates that about 49.0% of current Procyon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Procyon lagged returns against current returns
Autocorrelation, which is Procyon 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 Procyon's pink sheet expected returns. We can calculate the autocorrelation of Procyon returns to help us make a trade decision. For example, suppose you find that Procyon 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 |
Procyon 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 Procyon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Procyon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Procyon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Procyon Lagged Returns
When evaluating Procyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Procyon pink sheet have on its future price. Procyon 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, Procyon autocorrelation shows the relationship between Procyon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Procyon.
Regressed Prices |
| Timeline |
Pair Trading with Procyon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Procyon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Procyon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Procyon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Procyon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Procyon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Procyon to buy it.
The correlation of Procyon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Procyon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procyon moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Procyon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Procyon Pink Sheet
Procyon financial ratios help investors to determine whether Procyon 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 Procyon with respect to the benefits of owning Procyon security.