Protect Pharmaceutical Stock Market Value
| PRTT Stock | USD 0.91 0.03 3.41% |
| Symbol | Protect |
Protect Pharmaceutical '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 Protect Pharmaceutical'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 Protect Pharmaceutical.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Protect Pharmaceutical on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Protect Pharmaceutical or generate 0.0% return on investment in Protect Pharmaceutical over 720 days. Protect Pharmaceutical is related to or competes with Rezolute, Tempest Therapeutics, Forte Biosciences, Dyadic International, DiaMedica Therapeutics, Silo Pharma, and Molecular Partners. Protect Pharmaceutical Corporation primarily focuses on crop farming and agricultural businesses More
Protect Pharmaceutical 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 Protect Pharmaceutical'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 Protect Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 85.05 | |||
| Value At Risk | (17.00) | |||
| Potential Upside | 21.61 |
Protect Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Protect Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Protect Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Protect Pharmaceutical historical prices to predict the future Protect Pharmaceutical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (2.48) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Protect Pharmaceutical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Protect Pharmaceutical Backtested Returns
Protect Pharmaceutical maintains Sharpe Ratio (i.e., Efficiency) of -0.0565, which implies the firm had a -0.0565% return per unit of risk over the last 3 months. Protect Pharmaceutical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Protect Pharmaceutical's Variance of 157.69, coefficient of variation of (2,535), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 2.08, 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, Protect Pharmaceutical will likely underperform. At this point, Protect Pharmaceutical has a negative expected return of -0.7%. Please make sure to check Protect Pharmaceutical's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Protect Pharmaceutical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Protect Pharmaceutical has virtually no predictability. Overlapping area represents the amount of predictability between Protect Pharmaceutical time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Protect Pharmaceutical price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Protect Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Protect Pharmaceutical lagged returns against current returns
Autocorrelation, which is Protect Pharmaceutical 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 Protect Pharmaceutical's pink sheet expected returns. We can calculate the autocorrelation of Protect Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Protect Pharmaceutical 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 |
Protect Pharmaceutical 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 Protect Pharmaceutical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Protect Pharmaceutical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Protect Pharmaceutical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Protect Pharmaceutical Lagged Returns
When evaluating Protect Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Protect Pharmaceutical pink sheet have on its future price. Protect Pharmaceutical 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, Protect Pharmaceutical autocorrelation shows the relationship between Protect Pharmaceutical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Protect Pharmaceutical.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Protect Pink Sheet Analysis
When running Protect Pharmaceutical's price analysis, check to measure Protect Pharmaceutical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Protect Pharmaceutical is operating at the current time. Most of Protect Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of Protect Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Protect Pharmaceutical's price. Additionally, you may evaluate how the addition of Protect Pharmaceutical to your portfolios can decrease your overall portfolio volatility.