Power Metals Corp Stock Market Value
| PWRMF Stock | USD 0.27 0.01 3.85% |
| Symbol | Power |
Power Metals '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 Power Metals' 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 Power Metals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Power Metals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Power Metals Corp or generate 0.0% return on investment in Power Metals over 30 days. Power Metals is related to or competes with FPX Nickel, Latin Resources, Alpha Copper, Ardea Resources, and European Metals. Power Metals Corp., an exploration company, engages in the acquisition, exploration, and evaluation of resource properti... More
Power Metals 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 Power Metals' 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 Power Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.87 | |||
| Information Ratio | 0.0947 | |||
| Maximum Drawdown | 22.9 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 7.14 |
Power Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Metals' standard deviation. In reality, there are many statistical measures that can use Power Metals historical prices to predict the future Power Metals' volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.6317 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0864 | |||
| Treynor Ratio | (0.71) |
Power Metals Corp Backtested Returns
Power Metals appears to be out of control, given 3 months investment horizon. Power Metals Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Power Metals' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Power Metals' Semi Deviation of 3.06, coefficient of variation of 806.13, and Risk Adjusted Performance of 0.1031 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Power Metals holds a performance score of 11. The company holds a Beta of -0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Power Metals are expected to decrease at a much lower rate. During the bear market, Power Metals is likely to outperform the market. Please check Power Metals' downside variance and the relationship between the kurtosis and period momentum indicator , to make a quick decision on whether Power Metals' historical price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Power Metals Corp has average predictability. Overlapping area represents the amount of predictability between Power Metals time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Power Metals Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Power Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Power Metals Corp lagged returns against current returns
Autocorrelation, which is Power Metals 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 Power Metals' otc stock expected returns. We can calculate the autocorrelation of Power Metals returns to help us make a trade decision. For example, suppose you find that Power Metals 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 |
Power Metals 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 Power Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Power Metals Lagged Returns
When evaluating Power Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Metals otc stock have on its future price. Power Metals 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, Power Metals autocorrelation shows the relationship between Power Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Power Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Power OTC Stock
Power Metals financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Metals security.