Playfair Mining Stock Market Value
| PLYFF Stock | USD 0.01 0.01 115.69% |
| Symbol | Playfair |
Playfair Mining '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 Playfair Mining'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 Playfair Mining.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Playfair Mining on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Playfair Mining or generate 0.0% return on investment in Playfair Mining over 270 days. Playfair Mining is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Playfair Mining Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral ... More
Playfair Mining 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 Playfair Mining'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 Playfair Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 115.69 |
Playfair Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playfair Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playfair Mining's standard deviation. In reality, there are many statistical measures that can use Playfair Mining historical prices to predict the future Playfair Mining's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.7573 | |||
| Total Risk Alpha | (1.95) | |||
| Treynor Ratio | (4.35) |
Playfair Mining Backtested Returns
Playfair Mining appears to be out of control, given 3 months investment horizon. Playfair Mining maintains Sharpe Ratio (i.e., Efficiency) of 0.0444, which implies the firm had a 0.0444% return per unit of risk over the last 3 months. By analyzing Playfair Mining's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please evaluate Playfair Mining's Risk Adjusted Performance of 0.0431, variance of 291.73, and Coefficient Of Variation of 2286.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Playfair Mining holds a performance score of 3. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Playfair Mining are expected to decrease at a much lower rate. During the bear market, Playfair Mining is likely to outperform the market. Please check Playfair Mining's variance and the relationship between the skewness and relative strength index , to make a quick decision on whether Playfair Mining's historical price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Playfair Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Playfair Mining time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Playfair Mining price movement. The serial correlation of -0.73 indicates that around 73.0% of current Playfair Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Playfair Mining lagged returns against current returns
Autocorrelation, which is Playfair Mining 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 Playfair Mining's pink sheet expected returns. We can calculate the autocorrelation of Playfair Mining returns to help us make a trade decision. For example, suppose you find that Playfair Mining 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 |
Playfair Mining 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 Playfair Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playfair Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playfair Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Playfair Mining Lagged Returns
When evaluating Playfair Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playfair Mining pink sheet have on its future price. Playfair Mining 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, Playfair Mining autocorrelation shows the relationship between Playfair Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Playfair Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Playfair Pink Sheet
Playfair Mining financial ratios help investors to determine whether Playfair 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 Playfair with respect to the benefits of owning Playfair Mining security.