Pasinex Resources Limited Stock Market Value
| PSXRF Stock | USD 0 0.00 0.00% |
| Symbol | Pasinex |
Pasinex 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 Pasinex 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 Pasinex Resources.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Pasinex Resources on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Pasinex Resources Limited or generate 0.0% return on investment in Pasinex Resources over 360 days. Pasinex Resources is related to or competes with East Africa, and Forsys Metals. Pasinex Resources Limited engages in the acquisition, exploration, and development of mineral properties More
Pasinex 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 Pasinex 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 Pasinex Resources Limited upside and downside potential and time the market with a certain degree of confidence.
Pasinex Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pasinex Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pasinex Resources' standard deviation. In reality, there are many statistical measures that can use Pasinex Resources historical prices to predict the future Pasinex Resources' volatility.Pasinex Resources Backtested Returns
We have found three technical indicators for Pasinex Resources, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Pasinex Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Pasinex Resources Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Pasinex Resources time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 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 Pasinex Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pasinex Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pasinex Resources lagged returns against current returns
Autocorrelation, which is Pasinex 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 Pasinex Resources' pink sheet expected returns. We can calculate the autocorrelation of Pasinex Resources returns to help us make a trade decision. For example, suppose you find that Pasinex 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 |
Pasinex 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 Pasinex Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pasinex 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 Pasinex Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pasinex Resources Lagged Returns
When evaluating Pasinex Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pasinex Resources pink sheet have on its future price. Pasinex 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, Pasinex Resources autocorrelation shows the relationship between Pasinex Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pasinex Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pasinex Pink Sheet
Pasinex Resources financial ratios help investors to determine whether Pasinex 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 Pasinex with respect to the benefits of owning Pasinex Resources security.