3power Energy Group Stock Market Value
| PSPW Stock | USD 0.01 0.00 0.00% |
| Symbol | 3Power |
3Power Energy '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 3Power Energy'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 3Power Energy.
| 03/05/2024 |
| 06/03/2024 |
If you would invest 0.00 in 3Power Energy on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding 3Power Energy Group or generate 0.0% return on investment in 3Power Energy over 90 days. 3Power Energy is related to or competes with Orsted AS, Fusion Fuel, and Powertap Hydrogen. 3Power Energy Group, Inc. focuses on developing, building, and operating power plants More
3Power Energy 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 3Power Energy'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 3Power Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0967 | |||
| Maximum Drawdown | 536.36 |
3Power Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3Power Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3Power Energy's standard deviation. In reality, there are many statistical measures that can use 3Power Energy historical prices to predict the future 3Power Energy's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 6.96 | |||
| Total Risk Alpha | 2.73 | |||
| Treynor Ratio | (0.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3Power Energy'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.
3Power Energy Group Backtested Returns
3Power Energy is out of control given 3 months investment horizon. 3Power Energy Group secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate data for seventeen different technical indicators, which can help you to evaluate if expected returns of 7.6% are justified by taking the suggested risk. Use 3Power Energy risk adjusted performance of 0.0708, and Mean Deviation of 16.06 to evaluate company specific risk that cannot be diversified away. 3Power Energy holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -12.98, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning 3Power Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, 3Power Energy is expected to outperform it. Use 3Power Energy jensen alpha and day typical price , to analyze future returns on 3Power Energy.
Auto-correlation | -0.52 |
Good reverse predictability
3Power Energy Group has good reverse predictability. Overlapping area represents the amount of predictability between 3Power Energy time series from 5th of March 2024 to 19th of April 2024 and 19th of April 2024 to 3rd of June 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 3Power Energy Group price movement. The serial correlation of -0.52 indicates that about 52.0% of current 3Power Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
3Power Energy Group lagged returns against current returns
Autocorrelation, which is 3Power Energy 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 3Power Energy's pink sheet expected returns. We can calculate the autocorrelation of 3Power Energy returns to help us make a trade decision. For example, suppose you find that 3Power Energy 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 |
3Power Energy 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 3Power Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3Power Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3Power Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
3Power Energy Lagged Returns
When evaluating 3Power Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3Power Energy pink sheet have on its future price. 3Power Energy 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, 3Power Energy autocorrelation shows the relationship between 3Power Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 3Power Energy Group.
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.Check out 3Power Energy Correlation, 3Power Energy Volatility and 3Power Energy Alpha and Beta module to complement your research on 3Power Energy. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for 3Power Pink Sheet analysis
When running 3Power Energy's price analysis, check to measure 3Power Energy'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 3Power Energy is operating at the current time. Most of 3Power Energy's value examination focuses on studying past and present price action to predict the probability of 3Power Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3Power Energy's price. Additionally, you may evaluate how the addition of 3Power Energy to your portfolios can decrease your overall portfolio volatility.
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3Power Energy technical pink sheet 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, pink sheet market cycles, or different charting patterns.