Pacific Green Technologies Stock Market Value
| PGTK Stock | USD 0.03 0 11.67% |
| Symbol | Pacific |
Pacific Green '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 Pacific Green'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 Pacific Green.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Pacific Green on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Green Technologies or generate 0.0% return on investment in Pacific Green over 30 days. Pacific Green is related to or competes with Vow ASA, Bion Environmental, and Thermal Energy. Pacific Green Technologies Inc. acquires, develops, and markets emission control technologies in North America, Europe, ... More
Pacific Green 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 Pacific Green'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 Pacific Green Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 37.56 | |||
| Information Ratio | 0.0651 | |||
| Maximum Drawdown | 109.33 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 8.93 |
Pacific Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Green's standard deviation. In reality, there are many statistical measures that can use Pacific Green historical prices to predict the future Pacific Green's volatility.| Risk Adjusted Performance | 0.06 | |||
| Jensen Alpha | 2.07 | |||
| Total Risk Alpha | (2.48) | |||
| Sortino Ratio | 0.0481 | |||
| Treynor Ratio | (1.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacific Green'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.
Pacific Green Techno Backtested Returns
Pacific Green is out of control given 3 months investment horizon. Pacific Green Techno maintains Sharpe Ratio (i.e., Efficiency) of 0.0695, which implies the firm had a 0.0695% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.96% are justified by taking the suggested risk. Use Pacific Green Semi Deviation of 13.34, risk adjusted performance of 0.06, and Coefficient Of Variation of 1437.98 to evaluate company specific risk that cannot be diversified away. Pacific Green holds a performance score of 5 on a scale of zero to a hundred. The company holds a Beta of -1.31, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Pacific Green are expected to decrease by larger amounts. On the other hand, during market turmoil, Pacific Green is expected to outperform it. Use Pacific Green jensen alpha and the relationship between the value at risk and day typical price , to analyze future returns on Pacific Green.
Auto-correlation | -0.34 |
Poor reverse predictability
Pacific Green Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Pacific Green time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Pacific Green Techno price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Pacific Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Pacific Green Techno lagged returns against current returns
Autocorrelation, which is Pacific Green 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 Pacific Green's pink sheet expected returns. We can calculate the autocorrelation of Pacific Green returns to help us make a trade decision. For example, suppose you find that Pacific Green 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 |
Pacific Green 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 Pacific Green pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Green pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Green pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pacific Green Lagged Returns
When evaluating Pacific Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Green pink sheet have on its future price. Pacific Green 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, Pacific Green autocorrelation shows the relationship between Pacific Green pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pacific Green Technologies.
Regressed Prices |
| Timeline |
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Pacific Green financial ratios help investors to determine whether Pacific 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 Pacific with respect to the benefits of owning Pacific Green security.