Pioneer Credit (Australia) Market Value
| PNC Stock | 0.63 0.01 1.56% |
| Symbol | Pioneer |
Pioneer Credit '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 Pioneer Credit's 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 Pioneer Credit.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pioneer Credit on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Credit or generate 0.0% return on investment in Pioneer Credit over 30 days. Pioneer Credit is related to or competes with Aneka Tambang, Commonwealth Bank, Commonwealth Bank, Australia, ANZ Group, Commonwealth Bank, and Commonwealth Bank. Pioneer Credit is entity of Australia. It is traded as Stock on AU exchange. More
Pioneer Credit 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 Pioneer Credit's 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 Pioneer Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.91 | |||
| Information Ratio | 0.0919 | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 5.17 |
Pioneer Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Credit's standard deviation. In reality, there are many statistical measures that can use Pioneer Credit historical prices to predict the future Pioneer Credit's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.3055 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.076 | |||
| Treynor Ratio | 0.4462 |
Pioneer Credit Backtested Returns
Pioneer Credit appears to be extremely dangerous, given 3 months investment horizon. Pioneer Credit maintains Sharpe Ratio (i.e., Efficiency) of 0.0894, which implies the firm had a 0.0894% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pioneer Credit, which you can use to evaluate the volatility of the company. Please evaluate Pioneer Credit's Semi Deviation of 2.58, risk adjusted performance of 0.1083, and Coefficient Of Variation of 759.62 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pioneer Credit holds a performance score of 7. The company holds a Beta of 0.93, which implies possible diversification benefits within a given portfolio. Pioneer Credit returns are very sensitive to returns on the market. As the market goes up or down, Pioneer Credit is expected to follow. Please check Pioneer Credit's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Pioneer Credit's historical price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Pioneer Credit has weak reverse predictability. Overlapping area represents the amount of predictability between Pioneer Credit time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Pioneer Credit price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Pioneer Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneer Credit lagged returns against current returns
Autocorrelation, which is Pioneer Credit 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 Pioneer Credit's stock expected returns. We can calculate the autocorrelation of Pioneer Credit returns to help us make a trade decision. For example, suppose you find that Pioneer Credit 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 |
Pioneer Credit 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 Pioneer Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Credit stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Credit Lagged Returns
When evaluating Pioneer Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Credit stock have on its future price. Pioneer Credit 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, Pioneer Credit autocorrelation shows the relationship between Pioneer Credit stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Credit.
Regressed Prices |
| Timeline |
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Additional Tools for Pioneer Stock Analysis
When running Pioneer Credit's price analysis, check to measure Pioneer Credit's 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 Pioneer Credit is operating at the current time. Most of Pioneer Credit's value examination focuses on studying past and present price action to predict the probability of Pioneer Credit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pioneer Credit's price. Additionally, you may evaluate how the addition of Pioneer Credit to your portfolios can decrease your overall portfolio volatility.