Pennon Group Plc Stock Market Value
| PEGRF Stock | USD 7.93 0.29 3.80% |
| Symbol | Pennon |
Pennon Group '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 Pennon Group'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 Pennon Group.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Pennon Group on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Pennon Group Plc or generate 0.0% return on investment in Pennon Group over 720 days. Pennon Group is related to or competes with Essential Utilities, Anhui Conch, Endesa SA, and Enagas SA. Pennon Group Plc provides clean water and wastewater services in the United Kingdom More
Pennon Group 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 Pennon Group'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 Pennon Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.88 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 1.69 |
Pennon Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pennon Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pennon Group's standard deviation. In reality, there are many statistical measures that can use Pennon Group historical prices to predict the future Pennon Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pennon Group'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.
Pennon Group Plc Backtested Returns
Pennon Group Plc maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Pennon Group Plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pennon Group's Risk Adjusted Performance of (0.04), variance of 3.33, and Coefficient Of Variation of (1,222) to confirm the risk estimate we provide. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pennon Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pennon Group is expected to be smaller as well. Pennon Group Plc has an expected return of -0.21%. Please make sure to check Pennon Group Plc potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Pennon Group Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Pennon Group Plc has good predictability. Overlapping area represents the amount of predictability between Pennon Group time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Pennon Group Plc price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Pennon Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Pennon Group Plc lagged returns against current returns
Autocorrelation, which is Pennon Group 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 Pennon Group's pink sheet expected returns. We can calculate the autocorrelation of Pennon Group returns to help us make a trade decision. For example, suppose you find that Pennon Group 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 |
Pennon Group 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 Pennon Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pennon Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pennon Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pennon Group Lagged Returns
When evaluating Pennon Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pennon Group pink sheet have on its future price. Pennon Group 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, Pennon Group autocorrelation shows the relationship between Pennon Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pennon Group Plc.
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 Pennon Group 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, Pennon Group's short interest history, or implied volatility extrapolated from Pennon Group options trading.
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Check out Pennon Group Correlation, Pennon Group Volatility and Pennon Group Alpha and Beta module to complement your research on Pennon Group. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Pennon Pink Sheet analysis
When running Pennon Group's price analysis, check to measure Pennon Group'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 Pennon Group is operating at the current time. Most of Pennon Group's value examination focuses on studying past and present price action to predict the probability of Pennon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pennon Group's price. Additionally, you may evaluate how the addition of Pennon Group to your portfolios can decrease your overall portfolio volatility.
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Pennon Group 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.