Pinnacle Financial Partners Preferred Stock Market Value
| PNFPP Preferred Stock | USD 24.85 0.09 0.36% |
| Symbol | Pinnacle |
Pinnacle Financial '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 Pinnacle Financial's preferred 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 Pinnacle Financial.
| 05/11/2024 |
| 11/07/2024 |
If you would invest 0.00 in Pinnacle Financial on May 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pinnacle Financial Partners or generate 0.0% return on investment in Pinnacle Financial over 180 days. Pinnacle Financial is related to or competes with Capital One, Capital One, and Bank of America. Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Ban... More
Pinnacle Financial 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 Pinnacle Financial's preferred 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 Pinnacle Financial Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6282 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.31 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.6488 |
Pinnacle Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle Financial's standard deviation. In reality, there are many statistical measures that can use Pinnacle Financial historical prices to predict the future Pinnacle Financial's volatility.| Risk Adjusted Performance | 0.1173 | |||
| Jensen Alpha | 0.0636 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 3.45 |
Pinnacle Financial Backtested Returns
Currently, Pinnacle Financial Partners is very steady. Pinnacle Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pinnacle Financial, which you can use to evaluate the volatility of the company. Please check Pinnacle Financial's Risk Adjusted Performance of 0.1173, coefficient of variation of 638.5, and Semi Deviation of 0.4234 to confirm if the risk estimate we provide is consistent with the expected return of 0.0908%. Pinnacle Financial has a performance score of 18 on a scale of 0 to 100. The company holds a Beta of 0.0194, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pinnacle Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pinnacle Financial is expected to be smaller as well. Pinnacle Financial right now holds a risk of 0.39%. Please check Pinnacle Financial expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Pinnacle Financial will be following its historical price patterns.
Auto-correlation | 0.81 |
Very good predictability
Pinnacle Financial Partners has very good predictability. Overlapping area represents the amount of predictability between Pinnacle Financial time series from 11th of May 2024 to 9th of August 2024 and 9th of August 2024 to 7th of November 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 Pinnacle Financial price movement. The serial correlation of 0.81 indicates that around 81.0% of current Pinnacle Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Pinnacle Financial lagged returns against current returns
Autocorrelation, which is Pinnacle Financial preferred 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 Pinnacle Financial's preferred stock expected returns. We can calculate the autocorrelation of Pinnacle Financial returns to help us make a trade decision. For example, suppose you find that Pinnacle Financial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Pinnacle Financial 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 Pinnacle Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle Financial Lagged Returns
When evaluating Pinnacle Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle Financial preferred stock have on its future price. Pinnacle Financial 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, Pinnacle Financial autocorrelation shows the relationship between Pinnacle Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle Financial Partners.
Regressed Prices |
| Timeline |
Pair Trading with Pinnacle Financial
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 Pinnacle Financial 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 Pinnacle Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Pinnacle Preferred Stock
The ability to find closely correlated positions to Pinnacle Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinnacle Financial 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 Pinnacle Financial - 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 Pinnacle Financial Partners to buy it.
The correlation of Pinnacle Financial 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 Pinnacle Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinnacle Financial 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 Pinnacle Financial 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.Additional Tools for Pinnacle Preferred Stock Analysis
When running Pinnacle Financial's price analysis, check to measure Pinnacle Financial'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 Pinnacle Financial is operating at the current time. Most of Pinnacle Financial's value examination focuses on studying past and present price action to predict the probability of Pinnacle Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle Financial's price. Additionally, you may evaluate how the addition of Pinnacle Financial to your portfolios can decrease your overall portfolio volatility.