Pekin Life Insurance Stock Market Value
| PKIN Stock | USD 11.50 0.01 0.09% |
| Symbol | Pekin |
Pekin Life '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 Pekin Life'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 Pekin Life.
| 04/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Pekin Life on April 26, 2024 and sell it all today you would earn a total of 0.00 from holding Pekin Life Insurance or generate 0.0% return on investment in Pekin Life over 30 days. Pekin Life is related to or competes with National Capital, Community Heritage, Citizens Financial, FFW, Farmers Bancorp, Taylor Calvin, and First Financial. Pekin Life Insurance Company operates as a life and accident and health insurance company in the United States More
Pekin Life 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 Pekin Life'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 Pekin Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (3.15) | |||
| Maximum Drawdown | 0.1738 |
Pekin Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pekin Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pekin Life's standard deviation. In reality, there are many statistical measures that can use Pekin Life historical prices to predict the future Pekin Life's volatility.| Risk Adjusted Performance | (0.37) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 9.09 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pekin Life'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.
Pekin Life Insurance Backtested Returns
We consider Pekin Life very steady. Pekin Life Insurance maintains Sharpe Ratio (i.e., Efficiency) of 1.0E-4, which implies the firm had a 1.0E-4% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Pekin Life Insurance, which you can use to evaluate the volatility of the company. Please check Pekin Life's Risk Adjusted Performance of (0.37), coefficient of variation of 1324047.07, and Variance of 2.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The company holds a Beta of -0.0011, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pekin Life are expected to decrease at a much lower rate. During the bear market, Pekin Life is likely to outperform the market. Pekin Life Insurance right now holds a risk of 0.0154%. Please check Pekin Life Insurance variance, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Pekin Life Insurance will be following its historical price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Pekin Life Insurance has very weak reverse predictability. Overlapping area represents the amount of predictability between Pekin Life time series from 26th of April 2024 to 11th of May 2024 and 11th of May 2024 to 26th 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 Pekin Life Insurance price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Pekin Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pekin Life Insurance lagged returns against current returns
Autocorrelation, which is Pekin Life 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 Pekin Life's pink sheet expected returns. We can calculate the autocorrelation of Pekin Life returns to help us make a trade decision. For example, suppose you find that Pekin Life 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 |
Pekin Life 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 Pekin Life pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pekin Life pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pekin Life pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pekin Life Lagged Returns
When evaluating Pekin Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pekin Life pink sheet have on its future price. Pekin Life 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, Pekin Life autocorrelation shows the relationship between Pekin Life pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pekin Life Insurance.
Regressed Prices |
| Timeline |
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Complementary Tools for Pekin Pink Sheet analysis
When running Pekin Life's price analysis, check to measure Pekin Life'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 Pekin Life is operating at the current time. Most of Pekin Life's value examination focuses on studying past and present price action to predict the probability of Pekin Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pekin Life's price. Additionally, you may evaluate how the addition of Pekin Life to your portfolios can decrease your overall portfolio volatility.
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Pekin Life 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.