Power Of Stock Market Value
| PWCDF Stock | USD 30.34 0.08 0.26% |
| Symbol | Powerof |
Powerof Canada '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 Powerof Canada's 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 Powerof Canada.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Powerof Canada on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Power of or generate 0.0% return on investment in Powerof Canada over 720 days. Powerof Canada is related to or competes with Manulife Financial, Manulife Financial, Ping An, Prudential PLC, FG Annuities, MetLife Preferred, and Brighthouse Financial. Power Corporation of Canada operates as an international management and holding company in North America, Europe, and As... More
Powerof Canada 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 Powerof Canada's 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 Power of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.28 |
Powerof Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powerof Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powerof Canada's standard deviation. In reality, there are many statistical measures that can use Powerof Canada historical prices to predict the future Powerof Canada's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Powerof Canada'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.
Powerof Canada Backtested Returns
Powerof Canada maintains Sharpe Ratio (i.e., Efficiency) of -0.0902, which implies the firm had a -0.0902 % return per unit of risk over the last 3 months. Powerof Canada exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Powerof Canada's Risk Adjusted Performance of (0.07), coefficient of variation of (1,109), and Variance of 1.19 to confirm the risk estimate we provide. The company holds a Beta of 0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Powerof Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Powerof Canada is expected to be smaller as well. At this point, Powerof Canada has a negative expected return of -0.0984%. Please make sure to check Powerof Canada's accumulation distribution, as well as the relationship between the day median price and price action indicator , to decide if Powerof Canada performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Power of has poor predictability. Overlapping area represents the amount of predictability between Powerof Canada time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Powerof Canada price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Powerof Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 5.14 |
Powerof Canada lagged returns against current returns
Autocorrelation, which is Powerof Canada 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 Powerof Canada's pink sheet expected returns. We can calculate the autocorrelation of Powerof Canada returns to help us make a trade decision. For example, suppose you find that Powerof Canada 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 |
Powerof Canada 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 Powerof Canada pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powerof Canada pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powerof Canada pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Powerof Canada Lagged Returns
When evaluating Powerof Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powerof Canada pink sheet have on its future price. Powerof Canada 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, Powerof Canada autocorrelation shows the relationship between Powerof Canada pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Power of.
Regressed Prices |
| Timeline |
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Other Information on Investing in Powerof Pink Sheet
Powerof Canada financial ratios help investors to determine whether Powerof 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 Powerof with respect to the benefits of owning Powerof Canada security.