Pine Cliff Energy Stock Market Value
| PNE Stock | CAD 0.88 0.01 1.15% |
| Symbol | Pine |
Pine Cliff Energy Price To Book Ratio
Pine Cliff '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 Pine Cliff'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 Pine Cliff.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pine Cliff on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pine Cliff Energy or generate 0.0% return on investment in Pine Cliff over 30 days. Pine Cliff is related to or competes with Gear Energy, Headwater Exploration, Cardinal Energy, and Journey Energy. Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, a... More
Pine Cliff 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 Pine Cliff'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 Pine Cliff Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 5.1 |
Pine Cliff Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pine Cliff's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pine Cliff's standard deviation. In reality, there are many statistical measures that can use Pine Cliff historical prices to predict the future Pine Cliff's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.36) |
Pine Cliff Energy Backtested Returns
Pine Cliff Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0446, which implies the firm had a -0.0446% return per unit of risk over the last 3 months. Pine Cliff Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pine Cliff's Risk Adjusted Performance of (0.02), coefficient of variation of (3,220), and Variance of 7.09 to confirm the risk estimate we provide. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pine Cliff's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pine Cliff is expected to be smaller as well. At this point, Pine Cliff Energy has a negative expected return of -0.12%. Please make sure to check Pine Cliff's potential upside, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Pine Cliff Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Pine Cliff Energy has modest reverse predictability. Overlapping area represents the amount of predictability between Pine Cliff time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Pine Cliff Energy price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Pine Cliff price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pine Cliff Energy lagged returns against current returns
Autocorrelation, which is Pine Cliff 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 Pine Cliff's stock expected returns. We can calculate the autocorrelation of Pine Cliff returns to help us make a trade decision. For example, suppose you find that Pine Cliff 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 |
Pine Cliff 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 Pine Cliff stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pine Cliff stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pine Cliff stock over time.
Current vs Lagged Prices |
| Timeline |
Pine Cliff Lagged Returns
When evaluating Pine Cliff's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pine Cliff stock have on its future price. Pine Cliff 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, Pine Cliff autocorrelation shows the relationship between Pine Cliff stock current value and its past values and can show if there is a momentum factor associated with investing in Pine Cliff Energy.
Regressed Prices |
| Timeline |
Pair Trading with Pine Cliff
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pine Cliff position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pine Cliff will appreciate offsetting losses from the drop in the long position's value.Moving against Pine Stock
| 0.53 | ENS | E Split Corp | PairCorr |
| 0.5 | ENS-PA | E Split Corp | PairCorr |
| 0.41 | BUI | Buhler Industries | PairCorr |
| 0.37 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Pine Cliff could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pine Cliff when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pine Cliff - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pine Cliff Energy to buy it.
The correlation of Pine Cliff is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pine Cliff moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pine Cliff Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pine Cliff can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Pine Stock
Pine Cliff financial ratios help investors to determine whether Pine Stock 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 Pine with respect to the benefits of owning Pine Cliff security.