Pioneer Property (Norway) Market Value
| PPG Stock | NOK 96.80 0.20 0.21% |
| Symbol | Pioneer |
Pioneer Property '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 Property'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 Property.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Pioneer Property on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneer Property Group or generate 0.0% return on investment in Pioneer Property over 570 days. Pioneer Property is related to or competes with Jaeren Sparebank, Odfjell Technology, BW Offshore, Nordic Mining, and Clean Seas. Its portfolio comprises 13 preschool properties in Sweden, the Netherlands, and Poland More
Pioneer Property 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 Property'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 Property Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5179 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.22 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 1.03 |
Pioneer Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Property's standard deviation. In reality, there are many statistical measures that can use Pioneer Property historical prices to predict the future Pioneer Property's volatility.| Risk Adjusted Performance | 0.0703 | |||
| Jensen Alpha | 0.0523 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.38) |
Pioneer Property Backtested Returns
As of now, Pioneer Stock is very steady. Pioneer Property maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pioneer Property, which you can use to evaluate the volatility of the company. Please check Pioneer Property's Semi Deviation of 0.344, coefficient of variation of 1012.8, and Risk Adjusted Performance of 0.0703 to confirm if the risk estimate we provide is consistent with the expected return of 0.0545%. Pioneer Property has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pioneer Property are expected to decrease at a much lower rate. During the bear market, Pioneer Property is likely to outperform the market. Pioneer Property right now holds a risk of 0.51%. Please check Pioneer Property expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Pioneer Property will be following its historical price patterns.
Auto-correlation | 0.66 |
Good predictability
Pioneer Property Group has good predictability. Overlapping area represents the amount of predictability between Pioneer Property time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Pioneer Property price movement. The serial correlation of 0.66 indicates that around 66.0% of current Pioneer Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 16.13 |
Pioneer Property lagged returns against current returns
Autocorrelation, which is Pioneer Property 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 Property's stock expected returns. We can calculate the autocorrelation of Pioneer Property returns to help us make a trade decision. For example, suppose you find that Pioneer Property 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 Property 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 Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Property stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Property Lagged Returns
When evaluating Pioneer Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Property stock have on its future price. Pioneer Property 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 Property autocorrelation shows the relationship between Pioneer Property stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Property Group.
Regressed Prices |
| Timeline |
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Pioneer Property financial ratios help investors to determine whether Pioneer 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 Pioneer with respect to the benefits of owning Pioneer Property security.