Puma Exploration Stock Market Value
| PUMXF Stock | USD 0.06 0.00 0.00% |
| Symbol | Puma |
Puma Exploration '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 Exploration's otc 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 Exploration.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Puma Exploration on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Puma Exploration or generate 0.0% return on investment in Puma Exploration over 90 days. Puma Exploration is related to or competes with Aurion Resources, Liberty Gold, Orezone Gold, Fortuna Silver, Sandstorm Gold, and I 80. Puma Exploration Inc., a junior mining exploration company, acquires, explores for, and develops mining properties in Ca... More
Puma Exploration 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 Exploration's otc 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 Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0988 | |||
| Maximum Drawdown | 57.54 | |||
| Potential Upside | 4.71 |
Puma Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Puma Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Puma Exploration's standard deviation. In reality, there are many statistical measures that can use Puma Exploration historical prices to predict the future Puma Exploration's volatility.| Risk Adjusted Performance | 0.0982 | |||
| Jensen Alpha | 0.8923 | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (1.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Puma Exploration'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.
Puma Exploration Backtested Returns
Puma Exploration appears to be out of control, given 3 months investment horizon. Puma Exploration maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Puma Exploration's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please evaluate Puma Exploration's Variance of 51.59, risk adjusted performance of 0.0982, and Coefficient Of Variation of 856.56 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Puma Exploration holds a performance score of 9. The company holds a Beta of -0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Puma Exploration are expected to decrease at a much lower rate. During the bear market, Puma Exploration is likely to outperform the market. Please check Puma Exploration's information ratio and kurtosis , to make a quick decision on whether Puma Exploration's historical price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Puma Exploration has very good predictability. Overlapping area represents the amount of predictability between Puma Exploration time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Exploration price movement. The serial correlation of 0.8 indicates that around 80.0% of current Puma Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Puma Exploration lagged returns against current returns
Autocorrelation, which is Puma Exploration otc 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 Exploration's otc stock expected returns. We can calculate the autocorrelation of Puma Exploration returns to help us make a trade decision. For example, suppose you find that Puma Exploration has exhibited high autocorrelation historically, and you observe that the otc 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 Exploration 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 Exploration otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Puma Exploration otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Puma Exploration otc stock over time.
Current vs Lagged Prices |
| Timeline |
Puma Exploration Lagged Returns
When evaluating Puma Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Puma Exploration otc stock have on its future price. Puma Exploration 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 Exploration autocorrelation shows the relationship between Puma Exploration otc stock current value and its past values and can show if there is a momentum factor associated with investing in Puma Exploration.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Puma OTC Stock
Puma Exploration financial ratios help investors to determine whether Puma OTC Stock 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 Puma with respect to the benefits of owning Puma Exploration security.