Peyto Explorationdevelopment Corp Stock Market Value
| PEYUF Stock | USD 11.84 0.09 0.75% |
| Symbol | Peyto |
Peyto ExplorationDevel '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 Peyto ExplorationDevel'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 Peyto ExplorationDevel.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Peyto ExplorationDevel on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Peyto ExplorationDevelopment Corp or generate 0.0% return on investment in Peyto ExplorationDevel over 420 days. Peyto ExplorationDevel is related to or competes with Birchcliff Energy, Tamarack Valley, Gear Energy, Spartan Delta, Yangarra Resources, MEG Energy, and Kelt Exploration. Peyto Exploration Development Corp. engages in the exploration, development, and production of oil and natural gas, and ... More
Peyto ExplorationDevel 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 Peyto ExplorationDevel'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 Peyto ExplorationDevelopment Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0279 | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.53 |
Peyto ExplorationDevel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Peyto ExplorationDevel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Peyto ExplorationDevel's standard deviation. In reality, there are many statistical measures that can use Peyto ExplorationDevel historical prices to predict the future Peyto ExplorationDevel's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.1206 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0333 | |||
| Treynor Ratio | 0.456 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Peyto ExplorationDevel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Peyto ExplorationDevel Backtested Returns
At this point, Peyto ExplorationDevel is not too volatile. Peyto ExplorationDevel maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Peyto ExplorationDevel, which you can use to evaluate the volatility of the company. Please check Peyto ExplorationDevel's Risk Adjusted Performance of 0.0902, coefficient of variation of 898.17, and Semi Deviation of 1.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Peyto ExplorationDevel has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Peyto ExplorationDevel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Peyto ExplorationDevel is expected to be smaller as well. Peyto ExplorationDevel right now holds a risk of 1.58%. Please check Peyto ExplorationDevel semi variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Peyto ExplorationDevel will be following its historical price patterns.
Auto-correlation | 0.70 |
Good predictability
Peyto ExplorationDevelopment Corp has good predictability. Overlapping area represents the amount of predictability between Peyto ExplorationDevel time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 Peyto ExplorationDevel price movement. The serial correlation of 0.7 indicates that around 70.0% of current Peyto ExplorationDevel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Peyto ExplorationDevel lagged returns against current returns
Autocorrelation, which is Peyto ExplorationDevel 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 Peyto ExplorationDevel's pink sheet expected returns. We can calculate the autocorrelation of Peyto ExplorationDevel returns to help us make a trade decision. For example, suppose you find that Peyto ExplorationDevel 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 |
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Peyto ExplorationDevel 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 Peyto ExplorationDevel pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Peyto ExplorationDevel pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Peyto ExplorationDevel pink sheet over time.
Current vs Lagged Prices |
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Peyto ExplorationDevel Lagged Returns
When evaluating Peyto ExplorationDevel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Peyto ExplorationDevel pink sheet have on its future price. Peyto ExplorationDevel 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, Peyto ExplorationDevel autocorrelation shows the relationship between Peyto ExplorationDevel pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Peyto ExplorationDevelopment Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Peyto Pink Sheet
Peyto ExplorationDevel financial ratios help investors to determine whether Peyto 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 Peyto with respect to the benefits of owning Peyto ExplorationDevel security.