Palamina Corp Stock Market Value
| PLMNF Stock | USD 0.09 0.01 7.04% |
| Symbol | Palamina |
Palamina 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 Palamina Corp'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 Palamina Corp.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Palamina Corp on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Palamina Corp or generate 0.0% return on investment in Palamina Corp over 720 days. Palamina Corp is related to or competes with Norsemont Mining, and Vior. Palamina Corp., through its subsidiary, Palamina S.A More
Palamina 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 Palamina Corp'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 Palamina Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.56 | |||
| Information Ratio | 0.0081 | |||
| Maximum Drawdown | 62.57 | |||
| Value At Risk | (15.79) | |||
| Potential Upside | 18.18 |
Palamina Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palamina Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palamina Corp's standard deviation. In reality, there are many statistical measures that can use Palamina Corp historical prices to predict the future Palamina Corp's volatility.| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | 0.4489 | |||
| Total Risk Alpha | (1.31) | |||
| Sortino Ratio | 0.005 | |||
| Treynor Ratio | (0.1) |
Palamina Corp Backtested Returns
Palamina Corp appears to be out of control, given 3 months investment horizon. Palamina Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.022, which implies the firm had a 0.022% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Palamina Corp, which you can use to evaluate the volatility of the company. Please evaluate Palamina Corp's Semi Deviation of 7.46, risk adjusted performance of 0.0259, and Coefficient Of Variation of 4604.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Palamina Corp holds a performance score of 1. The company holds a Beta of -2.07, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Palamina Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Palamina Corp is expected to outperform it. Please check Palamina Corp's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Palamina Corp's historical price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Palamina Corp has below average predictability. Overlapping area represents the amount of predictability between Palamina Corp time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Palamina Corp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Palamina Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Palamina Corp lagged returns against current returns
Autocorrelation, which is Palamina Corp 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 Palamina Corp's otc stock expected returns. We can calculate the autocorrelation of Palamina Corp returns to help us make a trade decision. For example, suppose you find that Palamina Corp 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 |
Palamina 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 Palamina Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palamina Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palamina Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Palamina Corp Lagged Returns
When evaluating Palamina Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palamina Corp otc stock have on its future price. Palamina 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, Palamina Corp autocorrelation shows the relationship between Palamina Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Palamina Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Palamina OTC Stock
Palamina Corp financial ratios help investors to determine whether Palamina OTC Stock 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 Palamina with respect to the benefits of owning Palamina Corp security.