Pets At (UK) Market Value
| PETS Stock | 280.00 1.80 0.65% |
| Symbol | Pets |
Pets At '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 Pets At'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 Pets At.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Pets At on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pets at Home or generate 0.0% return on investment in Pets At over 180 days. Pets At is related to or competes with Federal Realty, Impax Asset, Mercantile Investment, Liontrust Asset, Gamma Communications, Verizon Communications, and New Residential. Pets At is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Pets At 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 Pets At'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 Pets at Home upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.07 |
Pets At Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pets At's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pets At's standard deviation. In reality, there are many statistical measures that can use Pets At historical prices to predict the future Pets At's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.74) |
Pets at Home Backtested Returns
Pets at Home maintains Sharpe Ratio (i.e., Efficiency) of -0.0823, which implies the firm had a -0.0823% return per unit of risk over the last 3 months. Pets at Home exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pets At's Risk Adjusted Performance of (0.06), coefficient of variation of (1,146), and Variance of 2.43 to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pets At's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pets At is expected to be smaller as well. At this point, Pets at Home has a negative expected return of -0.13%. Please make sure to check Pets At's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Pets at Home performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Pets at Home has virtually no predictability. Overlapping area represents the amount of predictability between Pets At time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Pets at Home price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Pets At price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 78.17 |
Pets at Home lagged returns against current returns
Autocorrelation, which is Pets At 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 Pets At's stock expected returns. We can calculate the autocorrelation of Pets At returns to help us make a trade decision. For example, suppose you find that Pets At 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 |
Pets At 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 Pets At stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pets At stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pets At stock over time.
Current vs Lagged Prices |
| Timeline |
Pets At Lagged Returns
When evaluating Pets At's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pets At stock have on its future price. Pets At 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, Pets At autocorrelation shows the relationship between Pets At stock current value and its past values and can show if there is a momentum factor associated with investing in Pets at Home.
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.Additional Tools for Pets Stock Analysis
When running Pets At's price analysis, check to measure Pets At'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 Pets At is operating at the current time. Most of Pets At's value examination focuses on studying past and present price action to predict the probability of Pets At's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pets At's price. Additionally, you may evaluate how the addition of Pets At to your portfolios can decrease your overall portfolio volatility.