Monday, April 18, 2016 7:33:57 AM
I know a chart doesn't say everything.
But to see how much the share price of PEIX is reacting to the oil, corn and ethanol movements I did compare the charts with each other.
What I did was trying to put the charts on top of each other, just to see what happens if for instance Corn moves up, does PEIX move down? Because that might lead to lower margins.
What happens if Ethanol moves up. Ethanol is of course also connected to the corn price, but as a first reaction I think we could expect PEIX to move up also.
And Finally how much does PEIX follow Oil.
To see the connection better between Corn and PEIX, I did flip the corn chart over, so that corn moving down, is showing in the chart as moving up. This way it is easear to spot if PEIX makes the same movement.
I really tried to make the connections visible as much as possible by adjusting the lines on top of each other.
The lines go from June 16, 2014 to April 11, 2016.
The dates are fully synchronised throughout the whole chart.
To me it is clear that PEIX reacts most to Oil at the moment. Also it is clear to me that PEIX used to react more to the corn and the ethanol price, but it seems like that connection is almost lost.
But judge for yourself.
PEIX VS. CORN:
PEIX VS. ETHANOL:
PEIX VS OIL:
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