Prairie Provident Resources Stock Market Value
| PRPRF Stock | USD 0.02 0.0001 0.47% |
| Symbol | Prairie |
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 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 Prairie Provident.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Prairie Provident on October 28, 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 Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Prairie Provident Resources Inc. engages in the exploration and development of oil and natural gas properties 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 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 Prairie Provident Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.67 | |||
| Information Ratio | 0.005 | |||
| Maximum Drawdown | 82.1 | |||
| Value At Risk | (18.48) | |||
| Potential Upside | 24.62 |
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 | 0.0205 | |||
| Jensen Alpha | 0.1826 | |||
| Total Risk Alpha | (1.91) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 7.31 |
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 0.0287, which implies the firm had a 0.0287% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prairie Provident, which you can use to evaluate the volatility of the company. Please evaluate Prairie Provident's Semi Deviation of 9.36, risk adjusted performance of 0.0205, and Coefficient Of Variation of 6894.64 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 2. The company holds a Beta of 0.0254, which implies not very significant fluctuations relative to the market. 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 information ratio and the relationship between the maximum drawdown and day median price , to make a quick decision on whether Prairie Provident's historical price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Prairie Provident Resources has good reverse predictability. Overlapping area represents the amount of predictability between Prairie Provident time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Prairie Provident price movement. The serial correlation of -0.53 indicates that about 53.0% of current Prairie Provident price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prairie Provident lagged returns against current returns
Autocorrelation, which is Prairie Provident 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 Prairie Provident's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prairie Provident pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prairie Provident pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Prairie Pink Sheet
Prairie Provident financial ratios help investors to determine whether Prairie 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 Prairie with respect to the benefits of owning Prairie Provident security.