Pembina Pipeline Corp Stock Market Value
| PPL Stock | CAD 58.17 1.84 3.07% |
| Symbol | Pembina |
Pembina Pipeline Corp Price To Book Ratio
Pembina Pipeline '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 Pembina Pipeline'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 Pembina Pipeline.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pembina Pipeline on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pembina Pipeline Corp or generate 0.0% return on investment in Pembina Pipeline over 30 days. Pembina Pipeline is related to or competes with Definity Financial, Canadian Imperial, Financial, Royal Bank, North American, Bank of Nova Scotia, and Leons Furniture. Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America More
Pembina Pipeline 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 Pembina Pipeline'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 Pembina Pipeline Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8663 | |||
| Information Ratio | 0.1004 | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.28 |
Pembina Pipeline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pembina Pipeline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pembina Pipeline's standard deviation. In reality, there are many statistical measures that can use Pembina Pipeline historical prices to predict the future Pembina Pipeline's volatility.| Risk Adjusted Performance | 0.2042 | |||
| Jensen Alpha | 0.2386 | |||
| Total Risk Alpha | 0.0757 | |||
| Sortino Ratio | 0.0917 | |||
| Treynor Ratio | (0.63) |
Pembina Pipeline Corp Backtested Returns
As of now, Pembina Stock is very steady. Pembina Pipeline Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pembina Pipeline Corp, which you can use to evaluate the volatility of the company. Please check Pembina Pipeline's Coefficient Of Variation of 376.19, risk adjusted performance of 0.2042, and Semi Deviation of 0.5059 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Pembina Pipeline has a performance score of 13 on a scale of 0 to 100. The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pembina Pipeline are expected to decrease at a much lower rate. During the bear market, Pembina Pipeline is likely to outperform the market. Pembina Pipeline Corp right now holds a risk of 0.89%. Please check Pembina Pipeline Corp treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if Pembina Pipeline Corp will be following its historical price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Pembina Pipeline Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Pembina Pipeline 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 Pembina Pipeline Corp price movement. The serial correlation of -0.69 indicates that around 69.0% of current Pembina Pipeline price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Pembina Pipeline Corp lagged returns against current returns
Autocorrelation, which is Pembina Pipeline 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 Pembina Pipeline's stock expected returns. We can calculate the autocorrelation of Pembina Pipeline returns to help us make a trade decision. For example, suppose you find that Pembina Pipeline 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 |
Pembina Pipeline 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 Pembina Pipeline stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pembina Pipeline stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pembina Pipeline stock over time.
Current vs Lagged Prices |
| Timeline |
Pembina Pipeline Lagged Returns
When evaluating Pembina Pipeline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pembina Pipeline stock have on its future price. Pembina Pipeline 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, Pembina Pipeline autocorrelation shows the relationship between Pembina Pipeline stock current value and its past values and can show if there is a momentum factor associated with investing in Pembina Pipeline Corp.
Regressed Prices |
| Timeline |
Pair Trading with Pembina Pipeline
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 Pembina Pipeline 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 Pembina Pipeline will appreciate offsetting losses from the drop in the long position's value.Moving together with Pembina Stock
| 0.93 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.82 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.9 | ENS | E Split Corp | PairCorr |
| 0.77 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Pembina Pipeline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pembina Pipeline 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 Pembina Pipeline - 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 Pembina Pipeline Corp to buy it.
The correlation of Pembina Pipeline 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 Pembina Pipeline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pembina Pipeline Corp 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 Pembina Pipeline 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.Check out Pembina Pipeline Correlation, Pembina Pipeline Volatility and Pembina Pipeline Alpha and Beta module to complement your research on Pembina Pipeline. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Pembina Pipeline technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.