Pioneering Technology Corp Stock Market Value
| PTE Stock | CAD 0.01 0.00 0.00% |
| Symbol | Pioneering |
Pioneering Technology Price To Book Ratio
Pioneering Technology '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 Pioneering Technology's stock 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 Pioneering Technology.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Pioneering Technology on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Pioneering Technology Corp or generate 0.0% return on investment in Pioneering Technology over 480 days. Pioneering Technology is related to or competes with Renoworks Software, Bewhere Holdings, NamSys, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. Pioneering Technology Corp. engages in the development, manufacture, and sale of cooking fire prevention solutions for r... More
Pioneering Technology 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 Pioneering Technology's stock 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 Pioneering Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0453 | |||
| Maximum Drawdown | 150.0 |
Pioneering Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneering Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneering Technology's standard deviation. In reality, there are many statistical measures that can use Pioneering Technology historical prices to predict the future Pioneering Technology's volatility.| Risk Adjusted Performance | 0.0514 | |||
| Jensen Alpha | 0.3831 | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | 0.2477 |
Pioneering Technology Backtested Returns
Pioneering Technology appears to be out of control, given 3 months investment horizon. Pioneering Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0556, which implies the firm had a 0.0556% return per unit of risk over the last 3 months. By analyzing Pioneering Technology's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please evaluate Pioneering Technology's Risk Adjusted Performance of 0.0514, variance of 191.72, and Coefficient Of Variation of 1827.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pioneering Technology holds a performance score of 4. The company holds a Beta of 3.02, 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, Pioneering Technology will likely underperform. Please check Pioneering Technology's jensen alpha and rate of daily change , to make a quick decision on whether Pioneering Technology's historical price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Pioneering Technology Corp has virtually no predictability. Overlapping area represents the amount of predictability between Pioneering Technology time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Pioneering Technology price movement. The serial correlation of 0.03 indicates that only 3.0% of current Pioneering Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pioneering Technology lagged returns against current returns
Autocorrelation, which is Pioneering Technology stock'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 Pioneering Technology's stock expected returns. We can calculate the autocorrelation of Pioneering Technology returns to help us make a trade decision. For example, suppose you find that Pioneering Technology has exhibited high autocorrelation historically, and you observe that the stock 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 |
Pioneering Technology 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 Pioneering Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneering Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneering Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneering Technology Lagged Returns
When evaluating Pioneering Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneering Technology stock have on its future price. Pioneering Technology 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, Pioneering Technology autocorrelation shows the relationship between Pioneering Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneering Technology Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Pioneering Stock Analysis
When running Pioneering Technology's price analysis, check to measure Pioneering Technology'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 Pioneering Technology is operating at the current time. Most of Pioneering Technology's value examination focuses on studying past and present price action to predict the probability of Pioneering Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pioneering Technology's price. Additionally, you may evaluate how the addition of Pioneering Technology to your portfolios can decrease your overall portfolio volatility.