Panoro Energy (Norway) Market Value
| PEN Stock | NOK 26.65 0.90 3.50% |
| Symbol | Panoro |
Panoro 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 Panoro 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 Panoro Energy.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Panoro Energy on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Panoro Energy ASA or generate 0.0% return on investment in Panoro Energy over 30 days. Panoro Energy is related to or competes with BW Energy, Dno ASA, BW Offshore, Okea ASA, and 2020 Bulkers. Panoro Energy ASA engages in the exploration and production of oil and gas resources in West Africa More
Panoro 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 Panoro 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 Panoro Energy ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.21 |
Panoro Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Panoro Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Panoro Energy's standard deviation. In reality, there are many statistical measures that can use Panoro Energy historical prices to predict the future Panoro Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.5852 |
Panoro Energy ASA Backtested Returns
Panoro Energy ASA maintains Sharpe Ratio (i.e., Efficiency) of -0.0353, which implies the firm had a -0.0353% return per unit of risk over the last 3 months. Panoro Energy ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Panoro Energy's Coefficient Of Variation of (1,864), variance of 3.74, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Panoro Energy are expected to decrease at a much lower rate. During the bear market, Panoro Energy is likely to outperform the market. At this point, Panoro Energy ASA has a negative expected return of -0.0676%. Please make sure to check Panoro Energy's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Panoro Energy ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Panoro Energy ASA has no correlation between past and present. Overlapping area represents the amount of predictability between Panoro Energy time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Panoro Energy ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Panoro Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Panoro Energy ASA lagged returns against current returns
Autocorrelation, which is Panoro 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 Panoro Energy's stock expected returns. We can calculate the autocorrelation of Panoro Energy returns to help us make a trade decision. For example, suppose you find that Panoro 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 |
Panoro 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 Panoro Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Panoro Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Panoro Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Panoro Energy Lagged Returns
When evaluating Panoro Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Panoro Energy stock have on its future price. Panoro 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, Panoro Energy autocorrelation shows the relationship between Panoro Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Panoro Energy ASA.
Regressed Prices |
| Timeline |
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Panoro Energy financial ratios help investors to determine whether Panoro 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 Panoro with respect to the benefits of owning Panoro Energy security.