Pershing Resources Stock Market Value
| PSGR Stock | USD 0.02 0.0008 4.71% |
| Symbol | Pershing |
Pershing 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 Pershing 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 Pershing Resources.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Pershing Resources on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Pershing Resources or generate 0.0% return on investment in Pershing Resources over 720 days. Pershing Resources is related to or competes with Ameriwest Lithium, and Osisko Metals. Pershing Resources Company, Inc. engages in the exploration and development of precious and base metals in Arizona and N... More
Pershing 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 Pershing 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 Pershing Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 69.13 | |||
| Value At Risk | (17.39) | |||
| Potential Upside | 17.65 |
Pershing Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pershing Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pershing Resources' standard deviation. In reality, there are many statistical measures that can use Pershing Resources historical prices to predict the future Pershing Resources' volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.70) | |||
| Treynor Ratio | (0.37) |
Pershing Resources Backtested Returns
Pershing Resources appears to be out of control, given 3 months investment horizon. Pershing Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0239, which implies the firm had a 0.0239% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Pershing Resources, which you can use to evaluate the volatility of the company. Please evaluate Pershing Resources' Risk Adjusted Performance of 6.0E-4, variance of 99.98, and Coefficient Of Variation of (8,893) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pershing Resources holds a performance score of 1. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pershing Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pershing Resources is expected to be smaller as well. Please check Pershing Resources' treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to make a quick decision on whether Pershing Resources' historical price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Pershing Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Pershing Resources time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Pershing Resources price movement. The serial correlation of -0.25 indicates that over 25.0% of current Pershing Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pershing Resources lagged returns against current returns
Autocorrelation, which is Pershing 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 Pershing Resources' pink sheet expected returns. We can calculate the autocorrelation of Pershing Resources returns to help us make a trade decision. For example, suppose you find that Pershing 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 |
Pershing 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 Pershing Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pershing 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 Pershing Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pershing Resources Lagged Returns
When evaluating Pershing Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pershing Resources pink sheet have on its future price. Pershing 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, Pershing Resources autocorrelation shows the relationship between Pershing Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pershing Resources.
Regressed Prices |
| Timeline |
Pair Trading with Pershing 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 Pershing 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 Pershing Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Pershing Pink Sheet
| 0.51 | CQP | Cheniere Energy Partners | PairCorr |
| 0.48 | APLD | Applied Blockchain | PairCorr |
| 0.47 | VRT | Vertiv Holdings | PairCorr |
| 0.44 | AXON | Axon Enterprise | PairCorr |
| 0.4 | IONQ | IONQ Inc | PairCorr |
The ability to find closely correlated positions to Pershing 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 Pershing 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 Pershing 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 Pershing Resources to buy it.
The correlation of Pershing 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 Pershing Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pershing 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 Pershing 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.Additional Tools for Pershing Pink Sheet Analysis
When running Pershing Resources' price analysis, check to measure Pershing Resources' 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 Pershing Resources is operating at the current time. Most of Pershing Resources' value examination focuses on studying past and present price action to predict the probability of Pershing Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pershing Resources' price. Additionally, you may evaluate how the addition of Pershing Resources to your portfolios can decrease your overall portfolio volatility.