Prairie Provident Resources Stock Market Value
| PPR Stock | CAD 0.03 0.01 14.29% |
| Symbol | Prairie |
Prairie Provident Price To Book Ratio
Prairie Provident '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 Prairie Provident'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 Prairie Provident.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Prairie Provident on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Prairie Provident Resources or generate 0.0% return on investment in Prairie Provident over 90 days. Prairie Provident is related to or competes with Questerre Energy, Pine Cliff, InPlay Oil, and Journey Energy. Prairie Provident Resources Inc. explores for and develops oil and natural gas properties primarily in Alberta More
Prairie Provident 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 Prairie Provident'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 Prairie Provident Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.94 | |||
| Information Ratio | 0.0319 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Prairie Provident Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prairie Provident's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prairie Provident's standard deviation. In reality, there are many statistical measures that can use Prairie Provident historical prices to predict the future Prairie Provident's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | 0.5938 | |||
| Total Risk Alpha | (0.97) | |||
| Sortino Ratio | 0.0194 | |||
| Treynor Ratio | (0.40) |
Prairie Provident Backtested Returns
Prairie Provident appears to be out of control, given 3 months investment horizon. Prairie Provident maintains Sharpe Ratio (i.e., Efficiency) of 0.0465, which implies the firm had a 0.0465 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prairie Provident, which you can use to evaluate the volatility of the company. Please evaluate Prairie Provident's Semi Deviation of 6.82, risk adjusted performance of 0.0529, and Coefficient Of Variation of 2126.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prairie Provident holds a performance score of 3. The company holds a Beta of -1.1, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Prairie Provident are expected to decrease slowly. On the other hand, during market turmoil, Prairie Provident is expected to outperform it slightly. Please check Prairie Provident's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Prairie Provident's historical price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Prairie Provident Resources has insignificant predictability. Overlapping area represents the amount of predictability between Prairie Provident time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 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 Prairie Provident price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Prairie Provident price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prairie Provident lagged returns against current returns
Autocorrelation, which is Prairie Provident 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 Prairie Provident's stock expected returns. We can calculate the autocorrelation of Prairie Provident returns to help us make a trade decision. For example, suppose you find that Prairie Provident 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 |
Prairie Provident 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 Prairie Provident stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prairie Provident stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prairie Provident stock over time.
Current vs Lagged Prices |
| Timeline |
Prairie Provident Lagged Returns
When evaluating Prairie Provident's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prairie Provident stock have on its future price. Prairie Provident 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, Prairie Provident autocorrelation shows the relationship between Prairie Provident stock current value and its past values and can show if there is a momentum factor associated with investing in Prairie Provident Resources.
Regressed Prices |
| Timeline |
Pair Trading with Prairie Provident
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prairie Provident position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prairie Provident will appreciate offsetting losses from the drop in the long position's value.Moving against Prairie Stock
| 0.42 | TD | Toronto Dominion Bank | PairCorr |
| 0.39 | RY-PN | Royal Bank | PairCorr |
| 0.36 | JPM | JPMorgan Chase | PairCorr |
| 0.36 | BOFA | Bank of America | PairCorr |
| 0.36 | RY-PO | Royal Bank | PairCorr |
The ability to find closely correlated positions to Prairie Provident could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prairie Provident when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prairie Provident - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prairie Provident Resources to buy it.
The correlation of Prairie Provident is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prairie Provident moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prairie Provident moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prairie Provident can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Prairie Stock
Prairie Provident financial ratios help investors to determine whether Prairie 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 Prairie with respect to the benefits of owning Prairie Provident security.