Petra Diamonds Limited Stock Market Value
| PDLMF Stock | USD 0.35 0.00 0.00% |
| Symbol | Petra |
Petra Diamonds '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 Petra Diamonds' 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 Petra Diamonds.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Petra Diamonds on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Petra Diamonds Limited or generate 0.0% return on investment in Petra Diamonds over 720 days. Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzan... More
Petra Diamonds 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 Petra Diamonds' 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 Petra Diamonds Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 23.91 |
Petra Diamonds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petra Diamonds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petra Diamonds' standard deviation. In reality, there are many statistical measures that can use Petra Diamonds historical prices to predict the future Petra Diamonds' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 0.9815 |
Petra Diamonds Backtested Returns
Petra Diamonds maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Petra Diamonds exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petra Diamonds' Risk Adjusted Performance of (0.12), variance of 11.16, and Coefficient Of Variation of (593.96) to confirm the risk estimate we provide. The company holds a Beta of -0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Petra Diamonds are expected to decrease at a much lower rate. During the bear market, Petra Diamonds is likely to outperform the market. At this point, Petra Diamonds has a negative expected return of -0.57%. Please make sure to check Petra Diamonds' variance, as well as the relationship between the skewness and day typical price , to decide if Petra Diamonds performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Petra Diamonds Limited has good predictability. Overlapping area represents the amount of predictability between Petra Diamonds time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Petra Diamonds price movement. The serial correlation of 0.73 indicates that around 73.0% of current Petra Diamonds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Petra Diamonds lagged returns against current returns
Autocorrelation, which is Petra Diamonds 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 Petra Diamonds' pink sheet expected returns. We can calculate the autocorrelation of Petra Diamonds returns to help us make a trade decision. For example, suppose you find that Petra Diamonds 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 |
Petra Diamonds 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 Petra Diamonds pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petra Diamonds pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petra Diamonds pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Petra Diamonds Lagged Returns
When evaluating Petra Diamonds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petra Diamonds pink sheet have on its future price. Petra Diamonds 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, Petra Diamonds autocorrelation shows the relationship between Petra Diamonds pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Petra Diamonds Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Petra Pink Sheet
Petra Diamonds financial ratios help investors to determine whether Petra 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 Petra with respect to the benefits of owning Petra Diamonds security.