Prospera Energy Stock Market Value
| PEI Stock | CAD 0.04 0.01 12.50% |
| Symbol | Prospera |
Prospera Energy Price To Book Ratio
Prospera Energy '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 Prospera Energy'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 Prospera Energy.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Prospera Energy on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Prospera Energy or generate 0.0% return on investment in Prospera Energy over 60 days. Prospera Energy is related to or competes with ROK Resources. Prospera Energy Inc., a natural resources company, acquires, explores for, and develops petroleum and natural gas proper... More
Prospera Energy 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 Prospera Energy'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 Prospera Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 16.67 |
Prospera Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prospera Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prospera Energy's standard deviation. In reality, there are many statistical measures that can use Prospera Energy historical prices to predict the future Prospera Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (2.06) | |||
| Treynor Ratio | (0.43) |
Prospera Energy Backtested Returns
Prospera Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0623, which implies the firm had a -0.0623% return per unit of risk over the last 3 months. Prospera Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prospera Energy's Coefficient Of Variation of (1,656), risk adjusted performance of (0.04), and Variance of 94.29 to confirm the risk estimate we provide. The company holds a Beta of 1.38, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prospera Energy will likely underperform. At this point, Prospera Energy has a negative expected return of -0.62%. Please make sure to check Prospera Energy's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Prospera Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Prospera Energy has average predictability. Overlapping area represents the amount of predictability between Prospera Energy time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Prospera Energy price movement. The serial correlation of 0.47 indicates that about 47.0% of current Prospera Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prospera Energy lagged returns against current returns
Autocorrelation, which is Prospera Energy 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 Prospera Energy's stock expected returns. We can calculate the autocorrelation of Prospera Energy returns to help us make a trade decision. For example, suppose you find that Prospera Energy 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 |
Prospera Energy 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 Prospera Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prospera Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prospera Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Prospera Energy Lagged Returns
When evaluating Prospera Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prospera Energy stock have on its future price. Prospera Energy 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, Prospera Energy autocorrelation shows the relationship between Prospera Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Prospera Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Prospera Stock Analysis
When running Prospera Energy's price analysis, check to measure Prospera Energy'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 Prospera Energy is operating at the current time. Most of Prospera Energy's value examination focuses on studying past and present price action to predict the probability of Prospera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prospera Energy's price. Additionally, you may evaluate how the addition of Prospera Energy to your portfolios can decrease your overall portfolio volatility.