Prairie Provident Resources Stock Market Value
| PPR Stock | CAD 0.03 0.01 14.29% |
| Symbol | Prairie |
Prairie Provident Price To Book Ratio
Prairie Provident '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 Prairie Provident'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 Prairie Provident.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Prairie Provident on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Prairie Provident Resources or generate 0.0% return on investment in Prairie Provident over 30 days. Prairie Provident is related to or competes with Pine Cliff, InPlay Oil, and Journey Energy. Prairie Provident Resources Inc. explores for and develops oil and natural gas properties primarily in Alberta More
Prairie Provident 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 Prairie Provident'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 Prairie Provident Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.65 | |||
| Information Ratio | 0.0394 | |||
| Maximum Drawdown | 91.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Prairie Provident Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prairie Provident's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prairie Provident's standard deviation. In reality, there are many statistical measures that can use Prairie Provident historical prices to predict the future Prairie Provident's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.5845 | |||
| Total Risk Alpha | (1.60) | |||
| Sortino Ratio | 0.0362 | |||
| Treynor Ratio | 0.8101 |
Prairie Provident Backtested Returns
Prairie Provident appears to be out of control, given 3 months investment horizon. Prairie Provident maintains Sharpe Ratio (i.e., Efficiency) of 0.0492, which implies the firm had a 0.0492% return per unit of risk over the last 3 months. By analyzing Prairie Provident's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please evaluate Prairie Provident's Coefficient Of Variation of 2081.74, semi deviation of 9.55, and Risk Adjusted Performance of 0.0442 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prairie Provident holds a performance score of 3. The company holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prairie Provident's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prairie Provident is expected to be smaller as well. Please check Prairie Provident's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Prairie Provident's historical price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Prairie Provident Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Prairie Provident time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Prairie Provident price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Prairie Provident price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prairie Provident lagged returns against current returns
Autocorrelation, which is Prairie Provident 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 Prairie Provident's stock expected returns. We can calculate the autocorrelation of Prairie Provident returns to help us make a trade decision. For example, suppose you find that Prairie Provident 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 |
Prairie Provident 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 Prairie Provident stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prairie Provident stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prairie Provident stock over time.
Current vs Lagged Prices |
| Timeline |
Prairie Provident Lagged Returns
When evaluating Prairie Provident's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prairie Provident stock have on its future price. Prairie Provident 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, Prairie Provident autocorrelation shows the relationship between Prairie Provident stock current value and its past values and can show if there is a momentum factor associated with investing in Prairie Provident Resources.
Regressed Prices |
| Timeline |
Other Information on Investing in Prairie Stock
Prairie Provident financial ratios help investors to determine whether Prairie 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 Prairie with respect to the benefits of owning Prairie Provident security.