Panoro Minerals Stock Market Value
| PML Stock | CAD 0.41 0.02 5.13% |
| Symbol | Panoro |
Panoro Minerals Price To Book Ratio
Panoro Minerals '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 Panoro Minerals' 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 Panoro Minerals.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Panoro Minerals on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Panoro Minerals or generate 0.0% return on investment in Panoro Minerals over 300 days. Panoro Minerals is related to or competes with Pacific Booker, Q Gold, and Monument Mining. Panoro Minerals Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral ... More
Panoro Minerals 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 Panoro Minerals' 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 Panoro Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.06 | |||
| Information Ratio | 0.2307 | |||
| Maximum Drawdown | 36.33 | |||
| Value At Risk | (8.51) | |||
| Potential Upside | 14.29 |
Panoro Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Panoro Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Panoro Minerals' standard deviation. In reality, there are many statistical measures that can use Panoro Minerals historical prices to predict the future Panoro Minerals' volatility.| Risk Adjusted Performance | 0.1993 | |||
| Jensen Alpha | 1.85 | |||
| Total Risk Alpha | 0.6401 | |||
| Sortino Ratio | 0.2703 | |||
| Treynor Ratio | (2.35) |
Panoro Minerals Backtested Returns
Panoro Minerals is out of control given 3 months investment horizon. Panoro Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.65% are justified by taking the suggested risk. Use Panoro Minerals Semi Deviation of 3.84, risk adjusted performance of 0.1993, and Coefficient Of Variation of 401.5 to evaluate company specific risk that cannot be diversified away. Panoro Minerals holds a performance score of 17 on a scale of zero to a hundred. The company holds a Beta of -0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Panoro Minerals are expected to decrease at a much lower rate. During the bear market, Panoro Minerals is likely to outperform the market. Use Panoro Minerals treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to analyze future returns on Panoro Minerals.
Auto-correlation | 0.62 |
Good predictability
Panoro Minerals has good predictability. Overlapping area represents the amount of predictability between Panoro Minerals time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Panoro Minerals price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Panoro Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Panoro Minerals lagged returns against current returns
Autocorrelation, which is Panoro Minerals 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 Panoro Minerals' stock expected returns. We can calculate the autocorrelation of Panoro Minerals returns to help us make a trade decision. For example, suppose you find that Panoro Minerals has exhibited high autocorrelation historically, and you observe that the 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 |
Panoro Minerals 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 Panoro Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Panoro Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Panoro Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Panoro Minerals Lagged Returns
When evaluating Panoro Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Panoro Minerals stock have on its future price. Panoro Minerals 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, Panoro Minerals autocorrelation shows the relationship between Panoro Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Panoro Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Panoro Stock Analysis
When running Panoro Minerals' price analysis, check to measure Panoro Minerals' 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 Panoro Minerals is operating at the current time. Most of Panoro Minerals' value examination focuses on studying past and present price action to predict the probability of Panoro Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Panoro Minerals' price. Additionally, you may evaluate how the addition of Panoro Minerals to your portfolios can decrease your overall portfolio volatility.