Pacific Energy Mining Stock Market Value
| PEMC Stock | USD 0 0.00 0.00% |
| Symbol | Pacific |
Pacific 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 Pacific Energy'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 Energy.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Pacific Energy on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Pacific Energy Mining or generate 0.0% return on investment in Pacific Energy over 720 days. Pacific Energy is related to or competes with Equinor ASA, TotalEnergies, Ecopetrol, National Fuel, and Transportadora. Pacific Energy Mining Company operates as an oil and gas company More
Pacific 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 Pacific Energy'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 Energy Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1206 | |||
| Maximum Drawdown | 450.0 |
Pacific Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Energy's standard deviation. In reality, there are many statistical measures that can use Pacific Energy historical prices to predict the future Pacific Energy's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 6.52 | |||
| Total Risk Alpha | (2.44) | |||
| Treynor Ratio | 3.04 |
Pacific Energy Mining Backtested Returns
Pacific Energy is out of control given 3 months investment horizon. Pacific Energy Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have collected data for seventeen different technical indicators, which can help you to evaluate if expected returns of 6.92% are justified by taking the suggested risk. Use Pacific Energy Variance of 3068.18, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.104 to evaluate company specific risk that cannot be diversified away. Pacific Energy holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of 2.24, 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, Pacific Energy will likely underperform. Use Pacific Energy variance and the relationship between the maximum drawdown and relative strength index , to analyze future returns on Pacific Energy.
Auto-correlation | 0.00 |
No correlation between past and present
Pacific Energy Mining has no correlation between past and present. Overlapping area represents the amount of predictability between Pacific Energy 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 Pacific Energy Mining price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pacific Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Energy Mining lagged returns against current returns
Autocorrelation, which is Pacific Energy 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 Energy's pink sheet expected returns. We can calculate the autocorrelation of Pacific Energy returns to help us make a trade decision. For example, suppose you find that Pacific Energy 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 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 Pacific Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Energy 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 Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pacific Energy Lagged Returns
When evaluating Pacific Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Energy pink sheet have on its future price. Pacific 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, Pacific Energy autocorrelation shows the relationship between Pacific Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pacific Energy Mining.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Pacific Pink Sheet
Pacific Energy financial ratios help investors to determine whether Pacific 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 Pacific with respect to the benefits of owning Pacific Energy security.