Poseidon Nickel Limited Stock Market Value
| PSDNF Stock | USD 0.01 0.00 0.00% |
| Symbol | Poseidon |
Poseidon Nickel '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 Poseidon Nickel'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 Poseidon Nickel.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Poseidon Nickel on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Poseidon Nickel Limited or generate 0.0% return on investment in Poseidon Nickel over 30 days. Poseidon Nickel is related to or competes with Azimut Exploration, and Benton Resources. Poseidon Nickel Limited engages in the exploration, development, mining, and production of mineral properties in Austral... More
Poseidon Nickel 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 Poseidon Nickel'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 Poseidon Nickel Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 6945.26 |
Poseidon Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Poseidon Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Poseidon Nickel's standard deviation. In reality, there are many statistical measures that can use Poseidon Nickel historical prices to predict the future Poseidon Nickel's volatility.| Risk Adjusted Performance | 0.0849 | |||
| Jensen Alpha | 97.47 | |||
| Total Risk Alpha | 22.49 | |||
| Treynor Ratio | 1.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Poseidon Nickel'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.
Poseidon Nickel Backtested Returns
Poseidon Nickel is out of control given 3 months investment horizon. Poseidon Nickel 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. We were able to interpolate sixteen different technical indicators, which can help you to evaluate if expected returns of 14.53% are justified by taking the suggested risk. Use Poseidon Nickel Coefficient Of Variation of 824.54, variance of 721886.06, and Risk Adjusted Performance of 0.0849 to evaluate company specific risk that cannot be diversified away. Poseidon Nickel holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 95.0, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Poseidon Nickel will likely underperform. Use Poseidon Nickel standard deviation, as well as the relationship between the maximum drawdown and day median price , to analyze future returns on Poseidon Nickel.
Auto-correlation | -0.43 |
Modest reverse predictability
Poseidon Nickel Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Poseidon Nickel time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Poseidon Nickel price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Poseidon Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Poseidon Nickel lagged returns against current returns
Autocorrelation, which is Poseidon Nickel 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 Poseidon Nickel's pink sheet expected returns. We can calculate the autocorrelation of Poseidon Nickel returns to help us make a trade decision. For example, suppose you find that Poseidon Nickel 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 |
Poseidon Nickel 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 Poseidon Nickel pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Poseidon Nickel pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Poseidon Nickel pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Poseidon Nickel Lagged Returns
When evaluating Poseidon Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Poseidon Nickel pink sheet have on its future price. Poseidon Nickel 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, Poseidon Nickel autocorrelation shows the relationship between Poseidon Nickel pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Poseidon Nickel Limited.
Regressed Prices |
| Timeline |
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Check out Poseidon Nickel Correlation, Poseidon Nickel Volatility and Poseidon Nickel Alpha and Beta module to complement your research on Poseidon Nickel. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Poseidon Pink Sheet analysis
When running Poseidon Nickel's price analysis, check to measure Poseidon Nickel'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 Poseidon Nickel is operating at the current time. Most of Poseidon Nickel's value examination focuses on studying past and present price action to predict the probability of Poseidon Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Poseidon Nickel's price. Additionally, you may evaluate how the addition of Poseidon Nickel to your portfolios can decrease your overall portfolio volatility.
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Poseidon Nickel 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.