Paringa Resources Limited Stock Market Value
| PNGZF Stock | USD 0.03 0.00 0.00% |
| Symbol | Paringa |
Paringa Resources '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 Paringa Resources' 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 Paringa Resources.
| 05/10/2025 |
| 08/08/2025 |
If you would invest 0.00 in Paringa Resources on May 10, 2025 and sell it all today you would earn a total of 0.00 from holding Paringa Resources Limited or generate 0.0% return on investment in Paringa Resources over 90 days. Paringa Resources is related to or competes with Pan American, Newmont Goldcorp, Wheaton Precious, Franco Nevada, and Kinross Gold. GCX Metals Limited engages in mineral exploration and development activities in Australia More
Paringa Resources 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 Paringa Resources' 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 Paringa Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1197 | |||
| Maximum Drawdown | 3957.47 |
Paringa Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paringa Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paringa Resources' standard deviation. In reality, there are many statistical measures that can use Paringa Resources historical prices to predict the future Paringa Resources' volatility.| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 65.94 | |||
| Total Risk Alpha | 2.18 | |||
| Treynor Ratio | (0.58) |
Paringa Resources Backtested Returns
Paringa Resources is out of control given 3 months investment horizon. Paringa Resources 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 analyze sixteen different technical indicators, which can help you to evaluate if expected returns of 14.33% are justified by taking the suggested risk. Use Paringa Resources Variance of 226070.88, risk adjusted performance of 0.1046, and Coefficient Of Variation of 834.04 to evaluate company specific risk that cannot be diversified away. Paringa Resources holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -98.35, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Paringa Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Paringa Resources is expected to outperform it. Use Paringa Resources risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to analyze future returns on Paringa Resources.
Auto-correlation | 0.00 |
No correlation between past and present
Paringa Resources Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Paringa Resources time series from 10th of May 2025 to 24th of June 2025 and 24th of June 2025 to 8th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paringa Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Paringa Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Paringa Resources lagged returns against current returns
Autocorrelation, which is Paringa Resources 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 Paringa Resources' pink sheet expected returns. We can calculate the autocorrelation of Paringa Resources returns to help us make a trade decision. For example, suppose you find that Paringa Resources 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 |
Paringa Resources 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 Paringa Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paringa Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paringa Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Paringa Resources Lagged Returns
When evaluating Paringa Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paringa Resources pink sheet have on its future price. Paringa Resources 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, Paringa Resources autocorrelation shows the relationship between Paringa Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Paringa Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Paringa Pink Sheet
Paringa Resources financial ratios help investors to determine whether Paringa Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paringa with respect to the benefits of owning Paringa Resources security.