Profire Ene Stock Market Value
| PFIE Stock | USD 2.52 0.01 0.40% |
| Symbol | Profire |
Profire Ene Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Profire Ene. If investors know Profire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Profire Ene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.19 | Revenue Per Share 1.276 | Quarterly Revenue Growth 0.151 | Return On Assets 0.0941 | Return On Equity 0.1541 |
The market value of Profire Ene is measured differently than its book value, which is the value of Profire that is recorded on the company's balance sheet. Investors also form their own opinion of Profire Ene's value that differs from its market value or its book value, called intrinsic value, which is Profire Ene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Profire Ene's market value can be influenced by many factors that don't directly affect Profire Ene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Profire Ene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profire Ene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profire Ene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Profire Ene '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 Profire Ene'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 Profire Ene.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Profire Ene on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Profire Ene or generate 0.0% return on investment in Profire Ene over 510 days. Profire Ene is related to or competes with Nine Energy, Enerflex, Geospace Technologies, Natural Gas, Forum Energy, MRC Global, and North American. Profire Energy, Inc., a technology company, provides burner, and combustion management systems and solutions for natural... More
Profire Ene 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 Profire Ene'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 Profire Ene upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.17 | |||
| Information Ratio | 0.1059 | |||
| Maximum Drawdown | 46.6 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 4.58 |
Profire Ene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Profire Ene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Profire Ene's standard deviation. In reality, there are many statistical measures that can use Profire Ene historical prices to predict the future Profire Ene's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.8961 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.1338 | |||
| Treynor Ratio | (1.13) |
Profire Ene Backtested Returns
Profire Ene appears to be dangerous, given 3 months investment horizon. Profire Ene 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. By analyzing Profire Ene's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please evaluate Profire Ene's Semi Deviation of 3.17, coefficient of variation of 796.64, and Risk Adjusted Performance of 0.1048 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Profire Ene holds a performance score of 9. The company holds a Beta of -0.72, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Profire Ene are expected to decrease at a much lower rate. During the bear market, Profire Ene is likely to outperform the market. Please check Profire Ene's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Profire Ene's historical price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Profire Ene has good reverse predictability. Overlapping area represents the amount of predictability between Profire Ene time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Profire Ene price movement. The serial correlation of -0.54 indicates that about 54.0% of current Profire Ene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Profire Ene lagged returns against current returns
Autocorrelation, which is Profire Ene 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 Profire Ene's stock expected returns. We can calculate the autocorrelation of Profire Ene returns to help us make a trade decision. For example, suppose you find that Profire Ene 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 |
Profire Ene 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 Profire Ene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Profire Ene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Profire Ene stock over time.
Current vs Lagged Prices |
| Timeline |
Profire Ene Lagged Returns
When evaluating Profire Ene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Profire Ene stock have on its future price. Profire Ene 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, Profire Ene autocorrelation shows the relationship between Profire Ene stock current value and its past values and can show if there is a momentum factor associated with investing in Profire Ene.
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.When determining whether Profire Ene is a strong investment it is important to analyze Profire Ene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Profire Ene's future performance. For an informed investment choice regarding Profire Stock, refer to the following important reports:Check out Profire Ene Correlation, Profire Ene Volatility and Profire Ene Alpha and Beta module to complement your research on Profire Ene. For information on how to trade Profire Stock refer to our How to Trade Profire Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Profire Ene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.