Proam Explorations Corp Stock Market Value
| PMX Stock | CAD 0.05 0.00 0.00% |
| Symbol | ProAm |
ProAm Explorations '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 ProAm Explorations' 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 ProAm Explorations.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in ProAm Explorations on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding ProAm Explorations Corp or generate 0.0% return on investment in ProAm Explorations over 720 days. ProAm Explorations is related to or competes with Yangarra Resources, and Pine Cliff. ProAm Explorations Corporation operates as a junior mineral, and oil and natural gas exploration and development company... More
ProAm Explorations 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 ProAm Explorations' 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 ProAm Explorations Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 60.0 |
ProAm Explorations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProAm Explorations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProAm Explorations' standard deviation. In reality, there are many statistical measures that can use ProAm Explorations historical prices to predict the future ProAm Explorations' volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.3729 | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (0.15) |
ProAm Explorations Corp Backtested Returns
ProAm Explorations appears to be out of control, given 3 months investment horizon. ProAm Explorations Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0315, which implies the firm had a 0.0315% return per unit of risk over the last 3 months. We have found sixteen technical indicators for ProAm Explorations Corp, which you can use to evaluate the volatility of the company. Please evaluate ProAm Explorations' Risk Adjusted Performance of 0.0324, coefficient of variation of 3246.66, and Variance of 47.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ProAm Explorations holds a performance score of 2. The company holds a Beta of -1.33, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ProAm Explorations are expected to decrease by larger amounts. On the other hand, during market turmoil, ProAm Explorations is expected to outperform it. Please check ProAm Explorations' treynor ratio and day median price , to make a quick decision on whether ProAm Explorations' historical price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
ProAm Explorations Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between ProAm Explorations time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 ProAm Explorations Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current ProAm Explorations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ProAm Explorations Corp lagged returns against current returns
Autocorrelation, which is ProAm Explorations 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 ProAm Explorations' stock expected returns. We can calculate the autocorrelation of ProAm Explorations returns to help us make a trade decision. For example, suppose you find that ProAm Explorations 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 |
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ProAm Explorations 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 ProAm Explorations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProAm Explorations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProAm Explorations stock over time.
Current vs Lagged Prices |
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ProAm Explorations Lagged Returns
When evaluating ProAm Explorations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProAm Explorations stock have on its future price. ProAm Explorations 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, ProAm Explorations autocorrelation shows the relationship between ProAm Explorations stock current value and its past values and can show if there is a momentum factor associated with investing in ProAm Explorations Corp.
Regressed Prices |
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Additional Tools for ProAm Stock Analysis
When running ProAm Explorations' price analysis, check to measure ProAm Explorations' 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 ProAm Explorations is operating at the current time. Most of ProAm Explorations' value examination focuses on studying past and present price action to predict the probability of ProAm Explorations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProAm Explorations' price. Additionally, you may evaluate how the addition of ProAm Explorations to your portfolios can decrease your overall portfolio volatility.