Pme Inc Stock Market Value
| PMEA Stock | USD 0.0001 0.00 0.00% |
| Symbol | PME |
PME '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 PME'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 PME.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in PME on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding PME Inc or generate 0.0% return on investment in PME over 30 days. PME is related to or competes with Electro Optic, Astronics Corp, Rolls Royce, Eve Holding, Rolls-Royce Holdings, Sembcorp Marine, and HEICO. PME Inc engages in the design, development, and implementation of solar power technologies for aeronautics industry More
PME 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 PME'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 PME Inc upside and downside potential and time the market with a certain degree of confidence.
PME Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PME's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PME's standard deviation. In reality, there are many statistical measures that can use PME historical prices to predict the future PME's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PME'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.
PME Inc Backtested Returns
We have found three technical indicators for PME Inc, 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 PME are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
PME Inc has no correlation between past and present. Overlapping area represents the amount of predictability between PME time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 PME Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current PME 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 |
PME Inc lagged returns against current returns
Autocorrelation, which is PME 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 PME's pink sheet expected returns. We can calculate the autocorrelation of PME returns to help us make a trade decision. For example, suppose you find that PME 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 |
PME 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 PME pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PME pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PME pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PME Lagged Returns
When evaluating PME's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PME pink sheet have on its future price. PME 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, PME autocorrelation shows the relationship between PME pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PME Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PME Pink Sheet
PME financial ratios help investors to determine whether PME 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 PME with respect to the benefits of owning PME security.