PAX Global (Germany) Price on October 28, 2024
| P8X Stock | EUR 0.62 0.01 1.59% |
If you're considering investing in PAX Stock, it is important to understand the factors that can impact its price. As of today, the current price of PAX Global stands at 0.62, as last reported on the 14th of December 2024, with the highest price reaching 0.62 and the lowest price hitting 0.62 during the day. PAX Global appears to be out of control, given 3 months investment horizon. PAX Global Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0936, which implies the company had a 0.0936% return per unit of standard deviation over the last 3 months. By inspecting PAX Global's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please evaluate PAX Global's Mean Deviation of 4.3, coefficient of variation of 1192.49, and Market Risk Adjusted Performance of (0.52) to confirm if our risk estimates are consistent with your expectations.
PAX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
PAX |
Sharpe Ratio = 0.0936
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Estimated Market Risk
| 7.11 actual daily | 63 63% of assets are less volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average PAX Global is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PAX Global by adding it to a well-diversified portfolio.
PAX Global Valuation on October 28, 2024
It is possible to determine the worth of PAX Global on a given historical date. On October 28, 2024 PAX was worth 0.58 at the beginning of the trading date compared to the closed value of 0.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of PAX Global stock. Still, in general, we apply an absolute valuation method to find PAX Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of PAX Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against PAX Global's related companies.
| Open | High | Low | Close | Volume | |
| 0.55 | 0.55 | 0.55 | 0.55 | 2,000 | |
10/28/2024 | 0.58 | 0.58 | 0.58 | 0.58 | 2,000 |
| 0.55 | 0.55 | 0.55 | 0.55 | 1.00 |
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PAX Global Trading Date Momentum on October 28, 2024
| On October 29 2024 PAX Global Technology was traded for 0.55 at the closing time. The highest daily price throughout the period was 0.55 and the lowest price was 0.55 . There was no trading activity during the period 1.0. Lack of trading volume on 10/29/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 5.17% . The trading delta at closing time to current closing price is 3.45% . |
PAX Global Technology Fundamentals Correlations and Trends
By evaluating PAX Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among PAX Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. PAX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About PAX Global Stock history
PAX Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for PAX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in PAX Global Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing PAX Global stock prices may prove useful in developing a viable investing in PAX Global
PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds transfer point-of-sale products worldwide. PAX Global Technology Limited was founded in 2000 and is headquartered in Wanchai, Hong Kong. PAX GLOBAL operates under Business Equipment classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1690 people.
PAX Global Stock Technical Analysis
PAX Global technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
PAX Global Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
PAX Global Technology cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
PAX Global December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how PAX Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PAX Global shares will generate the highest return on investment. By undertsting and applying PAX Global stock market strength indicators, traders can identify PAX Global Technology entry and exit signals to maximize returns
PAX Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for PAX Global's price direction in advance. Along with the technical and fundamental analysis of PAX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of PAX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0698 | |||
| Jensen Alpha | 0.6828 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0707 | |||
| Treynor Ratio | (0.53) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for PAX Stock analysis
When running PAX Global's price analysis, check to measure PAX Global'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 PAX Global is operating at the current time. Most of PAX Global's value examination focuses on studying past and present price action to predict the probability of PAX Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PAX Global's price. Additionally, you may evaluate how the addition of PAX Global to your portfolios can decrease your overall portfolio volatility.
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