Pigeon Corp Adr Stock Market Value
| PGENY Stock | USD 2.32 0.10 4.50% |
| Symbol | Pigeon |
Pigeon Corp '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 Pigeon Corp'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 Pigeon Corp.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Pigeon Corp on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Pigeon Corp ADR or generate 0.0% return on investment in Pigeon Corp over 540 days. Pigeon Corp is related to or competes with European Wax, Edgewell Personal, Inter Parfums, Mannatech Incorporated, Nu Skin, Helen Of, and Spectrum Brands. Pigeon Corporation manufactures, sells, imports, and exports baby and child-care products, maternity items, womens care ... More
Pigeon Corp 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 Pigeon Corp'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 Pigeon Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.56 | |||
| Value At Risk | (7.07) | |||
| Potential Upside | 5.79 |
Pigeon Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pigeon Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pigeon Corp's standard deviation. In reality, there are many statistical measures that can use Pigeon Corp historical prices to predict the future Pigeon Corp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.24) |
Pigeon Corp ADR Backtested Returns
Pigeon Corp ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.0448, which implies the firm had a -0.0448% return per unit of risk over the last 3 months. Pigeon Corp ADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pigeon Corp's Risk Adjusted Performance of (0.03), coefficient of variation of (2,285), and Variance of 12.59 to confirm the risk estimate we provide. The company holds a Beta of 0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pigeon Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pigeon Corp is expected to be smaller as well. At this point, Pigeon Corp ADR has a negative expected return of -0.16%. Please make sure to check Pigeon Corp's standard deviation, potential upside, as well as the relationship between the Potential Upside and day typical price , to decide if Pigeon Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Pigeon Corp ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between Pigeon Corp time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Pigeon Corp ADR price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Pigeon Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pigeon Corp ADR lagged returns against current returns
Autocorrelation, which is Pigeon Corp 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 Pigeon Corp's pink sheet expected returns. We can calculate the autocorrelation of Pigeon Corp returns to help us make a trade decision. For example, suppose you find that Pigeon Corp 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 |
| Timeline |
Pigeon Corp 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 Pigeon Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pigeon Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pigeon Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pigeon Corp Lagged Returns
When evaluating Pigeon Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pigeon Corp pink sheet have on its future price. Pigeon Corp 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, Pigeon Corp autocorrelation shows the relationship between Pigeon Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pigeon Corp ADR.
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 Pigeon Pink Sheet Analysis
When running Pigeon Corp's price analysis, check to measure Pigeon Corp'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 Pigeon Corp is operating at the current time. Most of Pigeon Corp's value examination focuses on studying past and present price action to predict the probability of Pigeon Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pigeon Corp's price. Additionally, you may evaluate how the addition of Pigeon Corp to your portfolios can decrease your overall portfolio volatility.