Pinetree Capital Stock Market Value
| PNP Stock | CAD 12.50 0.40 3.31% |
| Symbol | Pinetree |
Pinetree Capital Price To Book Ratio
Pinetree Capital '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 Pinetree Capital'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 Pinetree Capital.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Pinetree Capital on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Pinetree Capital or generate 0.0% return on investment in Pinetree Capital over 720 days. Pinetree Capital is related to or competes with Laramide Resources, Mega Uranium, Ur Energy, and Denison Mines. Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early to later stage venture, middle ... More
Pinetree Capital 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 Pinetree Capital'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 Pinetree Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.2577 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 8.94 |
Pinetree Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinetree Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinetree Capital's standard deviation. In reality, there are many statistical measures that can use Pinetree Capital historical prices to predict the future Pinetree Capital's volatility.| Risk Adjusted Performance | 0.2377 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | 0.4163 | |||
| Sortino Ratio | 0.315 | |||
| Treynor Ratio | (1.60) |
Pinetree Capital Backtested Returns
Pinetree Capital appears to be somewhat reliable, given 3 months investment horizon. Pinetree Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the firm had a 0.3% return per unit of risk over the last 3 months. By analyzing Pinetree Capital's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please evaluate Pinetree Capital's Coefficient Of Variation of 332.26, semi deviation of 1.66, and Risk Adjusted Performance of 0.2377 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pinetree Capital holds a performance score of 23. The company holds a Beta of -0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pinetree Capital are expected to decrease at a much lower rate. During the bear market, Pinetree Capital is likely to outperform the market. Please check Pinetree Capital's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Pinetree Capital's historical price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Pinetree Capital has insignificant predictability. Overlapping area represents the amount of predictability between Pinetree Capital 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 Pinetree Capital price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Pinetree Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 3.34 |
Pinetree Capital lagged returns against current returns
Autocorrelation, which is Pinetree Capital 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 Pinetree Capital's stock expected returns. We can calculate the autocorrelation of Pinetree Capital returns to help us make a trade decision. For example, suppose you find that Pinetree Capital 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 |
Pinetree Capital 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 Pinetree Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinetree Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinetree Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Pinetree Capital Lagged Returns
When evaluating Pinetree Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinetree Capital stock have on its future price. Pinetree Capital 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, Pinetree Capital autocorrelation shows the relationship between Pinetree Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Pinetree Capital.
Regressed Prices |
| Timeline |
Pair Trading with Pinetree Capital
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 Pinetree Capital 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 Pinetree Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Pinetree Stock
| 0.92 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.8 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.88 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.8 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Pinetree Stock
| 0.55 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Pinetree Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinetree Capital 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 Pinetree Capital - 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 Pinetree Capital to buy it.
The correlation of Pinetree Capital 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 Pinetree Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinetree Capital 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 Pinetree Capital 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 Pinetree Stock
Pinetree Capital financial ratios help investors to determine whether Pinetree 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 Pinetree with respect to the benefits of owning Pinetree Capital security.