Pure Energy Minerals Stock Market Value
| PEMIF Stock | USD 0.22 0.01 4.76% |
| Symbol | Pure |
Pure 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 Pure Energy's otc 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 Pure Energy.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pure Energy on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Pure Energy Minerals or generate 0.0% return on investment in Pure Energy over 30 days. Pure Energy is related to or competes with Ioneer. Pure Energy Minerals Limited engages in the acquisition, exploration, and development of mineral properties More
Pure 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 Pure Energy's otc 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 Pure Energy Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.71 | |||
| Information Ratio | 0.0432 | |||
| Maximum Drawdown | 34.1 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 14.29 |
Pure Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Energy's standard deviation. In reality, there are many statistical measures that can use Pure Energy historical prices to predict the future Pure Energy's volatility.| Risk Adjusted Performance | 0.0589 | |||
| Jensen Alpha | 0.5224 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | (0.39) |
Pure Energy Minerals Backtested Returns
Pure Energy appears to be out of control, given 3 months investment horizon. Pure Energy Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.0537, which implies the firm had a 0.0537% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pure Energy Minerals, which you can use to evaluate the volatility of the company. Please evaluate Pure Energy's Coefficient Of Variation of 1523.57, semi deviation of 4.21, and Risk Adjusted Performance of 0.0589 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pure Energy holds a performance score of 4. The company holds a Beta of -1.01, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Pure Energy are expected to decrease slowly. On the other hand, during market turmoil, Pure Energy is expected to outperform it slightly. Please check Pure Energy's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Pure Energy's historical price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Pure Energy Minerals has poor predictability. Overlapping area represents the amount of predictability between Pure Energy time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Pure Energy Minerals price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Pure Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pure Energy Minerals lagged returns against current returns
Autocorrelation, which is Pure Energy otc 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 Pure Energy's otc stock expected returns. We can calculate the autocorrelation of Pure Energy returns to help us make a trade decision. For example, suppose you find that Pure Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Pure 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 Pure Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Pure Energy Lagged Returns
When evaluating Pure Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Energy otc stock have on its future price. Pure 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, Pure Energy autocorrelation shows the relationship between Pure Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Pure Energy Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pure OTC Stock
Pure Energy financial ratios help investors to determine whether Pure OTC Stock 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 Pure with respect to the benefits of owning Pure Energy security.