Pilgrim Petroleum Stock Market Value
| PGPM Stock | USD 0.0001 0.00 0.00% |
| Symbol | Pilgrim |
Pilgrim Petroleum Price To Book Ratio
Is Oil & Gas E&P 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 Pilgrim Petroleum. If investors know Pilgrim 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 Pilgrim Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Pilgrim Petroleum is measured differently than its book value, which is the value of Pilgrim that is recorded on the company's balance sheet. Investors also form their own opinion of Pilgrim Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Pilgrim Petroleum'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 Pilgrim Petroleum's market value can be influenced by many factors that don't directly affect Pilgrim Petroleum'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 Pilgrim Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pilgrim Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pilgrim Petroleum'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.
Pilgrim Petroleum '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 Pilgrim Petroleum'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 Pilgrim Petroleum.
| 12/01/2025 |
| 12/31/2025 |
If you would invest 0.00 in Pilgrim Petroleum on December 1, 2025 and sell it all today you would earn a total of 0.00 from holding Pilgrim Petroleum or generate 0.0% return on investment in Pilgrim Petroleum over 30 days. Pilgrim Petroleum Corporation, an oil and gas exploration and development company, engages in the acquisition, developme... More
Pilgrim Petroleum 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 Pilgrim Petroleum'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 Pilgrim Petroleum upside and downside potential and time the market with a certain degree of confidence.
Pilgrim Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pilgrim Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pilgrim Petroleum's standard deviation. In reality, there are many statistical measures that can use Pilgrim Petroleum historical prices to predict the future Pilgrim Petroleum's volatility.Pilgrim Petroleum Backtested Returns
We have found three technical indicators for Pilgrim Petroleum, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Pilgrim Petroleum are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Pilgrim Petroleum has no correlation between past and present. Overlapping area represents the amount of predictability between Pilgrim Petroleum time series from 1st of December 2025 to 16th of December 2025 and 16th of December 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pilgrim Petroleum price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pilgrim Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pilgrim Petroleum lagged returns against current returns
Autocorrelation, which is Pilgrim Petroleum 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 Pilgrim Petroleum's stock expected returns. We can calculate the autocorrelation of Pilgrim Petroleum returns to help us make a trade decision. For example, suppose you find that Pilgrim Petroleum 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 |
Pilgrim Petroleum 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 Pilgrim Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pilgrim Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pilgrim Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Pilgrim Petroleum Lagged Returns
When evaluating Pilgrim Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pilgrim Petroleum stock have on its future price. Pilgrim Petroleum 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, Pilgrim Petroleum autocorrelation shows the relationship between Pilgrim Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Pilgrim Petroleum.
Regressed Prices |
| Timeline |
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Pilgrim Petroleum 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.