Prom Resources Stock Market Value
| PRMO Stock | USD 0.03 0.01 23.55% |
| Symbol | Prom |
Prom Resources '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 Prom Resources' pink sheet 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 Prom Resources.
| 10/01/2025 |
| 12/30/2025 |
If you would invest 0.00 in Prom Resources on October 1, 2025 and sell it all today you would earn a total of 0.00 from holding Prom Resources or generate 0.0% return on investment in Prom Resources over 90 days. Prom Resources is related to or competes with Blue Star. Prom Resources, Inc. engages in the exploration and extraction of gold ores, corundum, and beryl materials at various mi... More
Prom Resources 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 Prom Resources' pink sheet 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 Prom Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 41.39 | |||
| Information Ratio | 0.1329 | |||
| Maximum Drawdown | 333.17 | |||
| Value At Risk | (57.69) | |||
| Potential Upside | 172.69 |
Prom Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prom Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prom Resources' standard deviation. In reality, there are many statistical measures that can use Prom Resources historical prices to predict the future Prom Resources' volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 6.82 | |||
| Total Risk Alpha | 1.47 | |||
| Sortino Ratio | 0.1747 | |||
| Treynor Ratio | 1.14 |
Prom Resources Backtested Returns
Prom Resources is out of control given 3 months investment horizon. Prom Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0964, which implies the firm had a 0.0964 % return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 4.18% are justified by taking the suggested risk. Use Prom Resources Semi Deviation of 20.71, coefficient of variation of 743.49, and Risk Adjusted Performance of 0.1042 to evaluate company specific risk that cannot be diversified away. Prom Resources holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of 6.41, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prom Resources will likely underperform. Use Prom Resources value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Prom Resources.
Auto-correlation | 0.01 |
Virtually no predictability
Prom Resources has virtually no predictability. Overlapping area represents the amount of predictability between Prom Resources time series from 1st of October 2025 to 15th of November 2025 and 15th of November 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prom Resources price movement. The serial correlation of 0.01 indicates that just 1.0% of current Prom Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prom Resources lagged returns against current returns
Autocorrelation, which is Prom Resources pink sheet'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 Prom Resources' pink sheet expected returns. We can calculate the autocorrelation of Prom Resources returns to help us make a trade decision. For example, suppose you find that Prom Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Prom Resources 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 Prom Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prom Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prom Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prom Resources Lagged Returns
When evaluating Prom Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prom Resources pink sheet have on its future price. Prom Resources 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, Prom Resources autocorrelation shows the relationship between Prom Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prom Resources.
Regressed Prices |
| Timeline |
Pair Trading with Prom Resources
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 Prom Resources 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 Prom Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Prom Pink Sheet
| 0.38 | RTPPF | Rio Tinto Group | PairCorr |
| 0.37 | AAPL | Apple Inc | PairCorr |
| 0.36 | RIO | Rio Tinto ADR | PairCorr |
| 0.35 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.34 | VALE | Vale SA ADR Aggressive Push | PairCorr |
The ability to find closely correlated positions to Prom Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prom Resources 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 Prom Resources - 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 Prom Resources to buy it.
The correlation of Prom Resources 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 Prom Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prom Resources 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 Prom Resources 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 Prom Pink Sheet
Prom Resources financial ratios help investors to determine whether Prom Pink Sheet 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 Prom with respect to the benefits of owning Prom Resources security.