PACIFIC GAS ELECTRIC Market Value
| 694308JP3 | 99.16 0.72 0.73% |
| Symbol | PACIFIC |
PACIFIC '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 PACIFIC's bond 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 PACIFIC.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in PACIFIC on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding PACIFIC GAS ELECTRIC or generate 0.0% return on investment in PACIFIC over 30 days. PACIFIC is related to or competes with Revolve Group, Merit Medical, Titan Machinery, Iridium Communications, Tradeweb Markets, Lululemon Athletica, and Kite Realty. More
PACIFIC 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 PACIFIC's bond 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 PACIFIC GAS ELECTRIC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1569 | |||
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 0.511 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.2147 |
PACIFIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PACIFIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PACIFIC's standard deviation. In reality, there are many statistical measures that can use PACIFIC historical prices to predict the future PACIFIC's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.64) | |||
| Treynor Ratio | (0.42) |
PACIFIC GAS ELECTRIC Backtested Returns
At this point, PACIFIC is very steady. PACIFIC GAS ELECTRIC retains Efficiency (Sharpe Ratio) of 0.11, which implies the bond had a 0.11% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for PACIFIC, which you can use to evaluate the volatility of the entity. Please check PACIFIC's market risk adjusted performance of (0.41), and Downside Deviation of 0.1569 to confirm if the risk estimate we provide is consistent with the expected return of 0.0207%. The entity owns a Beta (Systematic Risk) of -0.0317, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PACIFIC are expected to decrease at a much lower rate. During the bear market, PACIFIC is likely to outperform the market.
Auto-correlation | 0.82 |
Very good predictability
PACIFIC GAS ELECTRIC has very good predictability. Overlapping area represents the amount of predictability between PACIFIC time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 PACIFIC GAS ELECTRIC price movement. The serial correlation of 0.82 indicates that around 82.0% of current PACIFIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
PACIFIC GAS ELECTRIC lagged returns against current returns
Autocorrelation, which is PACIFIC bond'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 PACIFIC's bond expected returns. We can calculate the autocorrelation of PACIFIC returns to help us make a trade decision. For example, suppose you find that PACIFIC has exhibited high autocorrelation historically, and you observe that the bond 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 |
PACIFIC 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 PACIFIC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PACIFIC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PACIFIC bond over time.
Current vs Lagged Prices |
| Timeline |
PACIFIC Lagged Returns
When evaluating PACIFIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PACIFIC bond have on its future price. PACIFIC 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, PACIFIC autocorrelation shows the relationship between PACIFIC bond current value and its past values and can show if there is a momentum factor associated with investing in PACIFIC GAS ELECTRIC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in PACIFIC Bond
PACIFIC financial ratios help investors to determine whether PACIFIC Bond 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 PACIFIC with respect to the benefits of owning PACIFIC security.