Pacific Ridge Exploration Stock Market Value
| PEX Stock | CAD 0.11 0.01 8.33% |
| Symbol | Pacific |
Pacific Ridge Exploration Price To Book Ratio
Pacific Ridge '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 Ridge'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 Pacific Ridge.
| 02/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Pacific Ridge on February 2, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Ridge Exploration or generate 0.0% return on investment in Pacific Ridge over 90 days. Pacific Ridge is related to or competes with Galantas Gold, and Grande Portage. Pacific Ridge Exploration Ltd., an exploration stage company, engages in the acquisition and exploration of resource pro... More
Pacific Ridge 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 Ridge'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 Pacific Ridge Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.32 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 20.0 |
Pacific Ridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Ridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Ridge's standard deviation. In reality, there are many statistical measures that can use Pacific Ridge historical prices to predict the future Pacific Ridge's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0465 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacific Ridge'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.
Pacific Ridge Exploration Backtested Returns
We consider Pacific Ridge out of control. Pacific Ridge Exploration maintains Sharpe Ratio (i.e., Efficiency) of 0.0017, which implies the firm had a 0.0017% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pacific Ridge Exploration, which you can use to evaluate the volatility of the company. Please check Pacific Ridge's Coefficient Of Variation of 38435.7, semi deviation of 6.86, and Risk Adjusted Performance of 0.011 to confirm if the risk estimate we provide is consistent with the expected return of 0.0159%. The company holds a Beta of -0.67, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pacific Ridge are expected to decrease at a much lower rate. During the bear market, Pacific Ridge is likely to outperform the market. Pacific Ridge Exploration right now holds a risk of 9.12%. Please check Pacific Ridge Exploration information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to decide if Pacific Ridge Exploration will be following its historical price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Pacific Ridge Exploration has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pacific Ridge time series from 2nd of February 2024 to 18th of March 2024 and 18th of March 2024 to 2nd of May 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 Ridge Exploration price movement. The serial correlation of -0.2 indicates that over 20.0% of current Pacific Ridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Ridge Exploration lagged returns against current returns
Autocorrelation, which is Pacific Ridge 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 Pacific Ridge's stock expected returns. We can calculate the autocorrelation of Pacific Ridge returns to help us make a trade decision. For example, suppose you find that Pacific Ridge 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 |
Pacific Ridge 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 Ridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Ridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Ridge stock over time.
Current vs Lagged Prices |
| Timeline |
Pacific Ridge Lagged Returns
When evaluating Pacific Ridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Ridge stock have on its future price. Pacific Ridge 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 Ridge autocorrelation shows the relationship between Pacific Ridge stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Ridge Exploration.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pacific Ridge in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pacific Ridge's short interest history, or implied volatility extrapolated from Pacific Ridge options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pacific Ridge Exploration using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Pacific Ridge Correlation, Pacific Ridge Volatility and Pacific Ridge Alpha and Beta module to complement your research on Pacific Ridge. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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When running Pacific Ridge's price analysis, check to measure Pacific Ridge'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 Pacific Ridge is operating at the current time. Most of Pacific Ridge's value examination focuses on studying past and present price action to predict the probability of Pacific Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Ridge's price. Additionally, you may evaluate how the addition of Pacific Ridge to your portfolios can decrease your overall portfolio volatility.
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Pacific Ridge technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.