Paiute Oil Mining Stock Market Value
| PIUTQ Stock | USD 0.0001 0.00 0.00% |
| Symbol | Paiute |
Please note, there is a significant difference between Paiute Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paiute Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paiute Oil'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.
Paiute Oil '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 Paiute Oil's otc 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 Paiute Oil.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Paiute Oil on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Paiute Oil Mining or generate 0.0% return on investment in Paiute Oil over 690 days. Paiute Oil is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. Paiute Oil Mining Corp. provides services to mining, and oil and gas exploration companies in the United States More
Paiute Oil 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 Paiute Oil's otc 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 Paiute Oil Mining upside and downside potential and time the market with a certain degree of confidence.
Paiute Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paiute Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paiute Oil's standard deviation. In reality, there are many statistical measures that can use Paiute Oil historical prices to predict the future Paiute Oil's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paiute Oil'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.
Paiute Oil Mining Backtested Returns
We have found three technical indicators for Paiute Oil Mining, 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 Paiute Oil are completely uncorrelated.
Auto-correlation | -0.05 |
Very weak reverse predictability
Paiute Oil Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Paiute Oil time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Paiute Oil Mining price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Paiute Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paiute Oil Mining lagged returns against current returns
Autocorrelation, which is Paiute Oil otc 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 Paiute Oil's otc stock expected returns. We can calculate the autocorrelation of Paiute Oil returns to help us make a trade decision. For example, suppose you find that Paiute Oil has exhibited high autocorrelation historically, and you observe that the otc 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 |
Paiute Oil 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 Paiute Oil otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paiute Oil otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paiute Oil otc stock over time.
Current vs Lagged Prices |
| Timeline |
Paiute Oil Lagged Returns
When evaluating Paiute Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paiute Oil otc stock have on its future price. Paiute Oil 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, Paiute Oil autocorrelation shows the relationship between Paiute Oil otc stock current value and its past values and can show if there is a momentum factor associated with investing in Paiute Oil Mining.
Regressed Prices |
| Timeline |
Pair Trading with Paiute Oil
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Paiute Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Paiute Oil will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Paiute Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paiute Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Paiute Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Paiute Oil Mining to buy it.
The correlation of Paiute Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Paiute Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paiute Oil Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Paiute Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Paiute OTC Stock Analysis
When running Paiute Oil's price analysis, check to measure Paiute Oil'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 Paiute Oil is operating at the current time. Most of Paiute Oil's value examination focuses on studying past and present price action to predict the probability of Paiute Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paiute Oil's price. Additionally, you may evaluate how the addition of Paiute Oil to your portfolios can decrease your overall portfolio volatility.