PUMA ENERGY (Zambia) Market Value
| PUMA Stock | 5.80 0.05 0.87% |
| Symbol | PUMA |
PUMA ENERGY '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 PUMA ENERGY'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 PUMA ENERGY.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PUMA ENERGY on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PUMA ENERGY ZAMBIA or generate 0.0% return on investment in PUMA ENERGY over 30 days.
PUMA ENERGY 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 PUMA ENERGY'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 PUMA ENERGY ZAMBIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.1739 |
PUMA ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PUMA ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PUMA ENERGY's standard deviation. In reality, there are many statistical measures that can use PUMA ENERGY historical prices to predict the future PUMA ENERGY's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.6 |
PUMA ENERGY ZAMBIA Backtested Returns
PUMA ENERGY ZAMBIA maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of volatility over the last 3 months. PUMA ENERGY ZAMBIA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PUMA ENERGY's risk adjusted performance of (0.1), and Coefficient Of Variation of (797.63) to confirm the risk estimate we provide. The company holds a Beta of -0.0534, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PUMA ENERGY are expected to decrease at a much lower rate. During the bear market, PUMA ENERGY is likely to outperform the market. At this point, PUMA ENERGY ZAMBIA has a negative expected return of -0.0625%. Please make sure to check PUMA ENERGY's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if PUMA ENERGY ZAMBIA performance from the past will be repeated at some future point.
Auto-correlation | -0.1 |
Very weak reverse predictability
PUMA ENERGY ZAMBIA has very weak reverse predictability. Overlapping area represents the amount of predictability between PUMA ENERGY time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 PUMA ENERGY ZAMBIA price movement. The serial correlation of -0.1 indicates that less than 10.0% of current PUMA ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PUMA ENERGY ZAMBIA lagged returns against current returns
Autocorrelation, which is PUMA ENERGY 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 PUMA ENERGY's stock expected returns. We can calculate the autocorrelation of PUMA ENERGY returns to help us make a trade decision. For example, suppose you find that PUMA ENERGY 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 |
PUMA ENERGY 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 PUMA ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PUMA ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PUMA ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
PUMA ENERGY Lagged Returns
When evaluating PUMA ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PUMA ENERGY stock have on its future price. PUMA ENERGY 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, PUMA ENERGY autocorrelation shows the relationship between PUMA ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in PUMA ENERGY ZAMBIA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for PUMA Stock Analysis
When running PUMA ENERGY's price analysis, check to measure PUMA ENERGY'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 PUMA ENERGY is operating at the current time. Most of PUMA ENERGY's value examination focuses on studying past and present price action to predict the probability of PUMA ENERGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PUMA ENERGY's price. Additionally, you may evaluate how the addition of PUMA ENERGY to your portfolios can decrease your overall portfolio volatility.