Promateris (Romania) Market Value
| PPL Stock | 6.65 0.15 2.21% |
| Symbol | Promateris |
Please note, there is a significant difference between Promateris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Promateris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Promateris' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Promateris '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 Promateris' 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 Promateris.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Promateris on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Promateris SA or generate 0.0% return on investment in Promateris over 360 days. More
Promateris 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 Promateris' 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 Promateris SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 28.26 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.27 |
Promateris Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Promateris' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Promateris' standard deviation. In reality, there are many statistical measures that can use Promateris historical prices to predict the future Promateris' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.31) |
Promateris SA Backtested Returns
Promateris SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0317, which implies the firm had a -0.0317% return per unit of risk over the last 3 months. Promateris SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Promateris' Variance of 22.89, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,154) to confirm the risk estimate we provide. The company holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Promateris' returns are expected to increase less than the market. However, during the bear market, the loss of holding Promateris is expected to be smaller as well. At this point, Promateris SA has a negative expected return of -0.15%. Please make sure to check Promateris' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Promateris SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Promateris SA has virtually no predictability. Overlapping area represents the amount of predictability between Promateris time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Promateris SA price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Promateris price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Promateris SA lagged returns against current returns
Autocorrelation, which is Promateris 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 Promateris' stock expected returns. We can calculate the autocorrelation of Promateris returns to help us make a trade decision. For example, suppose you find that Promateris 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 |
Promateris 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 Promateris stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Promateris stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Promateris stock over time.
Current vs Lagged Prices |
| Timeline |
Promateris Lagged Returns
When evaluating Promateris' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Promateris stock have on its future price. Promateris 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, Promateris autocorrelation shows the relationship between Promateris stock current value and its past values and can show if there is a momentum factor associated with investing in Promateris SA.
Regressed Prices |
| Timeline |
Pair Trading with Promateris
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 Promateris 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 Promateris will appreciate offsetting losses from the drop in the long position's value.Moving against Promateris Stock
The ability to find closely correlated positions to Promateris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Promateris 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 Promateris - 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 Promateris SA to buy it.
The correlation of Promateris 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 Promateris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Promateris SA 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 Promateris 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 Promateris Stock
Promateris financial ratios help investors to determine whether Promateris 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 Promateris with respect to the benefits of owning Promateris security.