Paramount Global Class Stock Price on November 1, 2024
| PARAA Stock | USD 22.47 0.23 1.03% |
If you're considering investing in Paramount Stock, it is important to understand the factors that can impact its price. As of today, the current price of Paramount Global stands at 22.47, as last reported on the 6th of January, with the highest price reaching 22.55 and the lowest price hitting 22.17 during the day. At this point, Paramount Global is very steady. Paramount Global Class maintains Sharpe Ratio (i.e., Efficiency) of 0.0262, which implies the firm had a 0.0262% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paramount Global Class, which you can use to evaluate the volatility of the company. Please check Paramount Global's Coefficient Of Variation of 3821.7, risk adjusted performance of 0.0254, and Semi Deviation of 1.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0366%.
Paramount Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Paramount |
Sharpe Ratio = 0.0262
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| Negative Returns | PARAA |
Estimated Market Risk
| 1.4 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Paramount Global is performing at about 2% 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 Paramount Global by adding it to a well-diversified portfolio.
Paramount Global Valuation on November 1, 2024
It is possible to determine the worth of Paramount Global on a given historical date. On November 1, 2024 Paramount was worth 21.9 at the beginning of the trading date compared to the closed value of 21.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Paramount Global stock. Still, in general, we apply an absolute valuation method to find Paramount 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 Paramount Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Paramount Global's related companies.
| Open | High | Low | Close | Volume | |
| 21.88 | 22.24 | 21.84 | 21.84 | 61,500 | |
11/01/2024 | 21.90 | 22.07 | 21.70 | 21.73 | 38,600 |
| 21.74 | 21.92 | 21.65 | 21.92 | 25,600 |
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Paramount Global Trading Date Momentum on November 1, 2024
| On November 04 2024 Paramount Global Class was traded for 21.92 at the closing time. The highest daily price throughout the period was 21.92 and the lowest price was 21.65 . The daily volume was 25.6 K. The net trading volume on 11/04/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.87% . The trading delta at closing time to current closing price is 1.24% . |
Paramount Global Class Fundamentals Correlations and Trends
By evaluating Paramount 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 Paramount Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Paramount financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Paramount Global Stock history
Paramount 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 Paramount is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Paramount Global Class 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 Paramount Global stock prices may prove useful in developing a viable investing in Paramount Global
Paramount Global operates as a media and entertainment company worldwide. Paramount Global operates as a subsidiary of National Amusements, Inc. Paramount Global operates under Entertainment classification in the United States and is traded on NASDAQ Exchange. It employs 22965 people.
Paramount Global Stock Technical Analysis
Paramount 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
Paramount Global Period Price Range
Low | January 6, 2025
| High |
0.00 | 0.00 |
Paramount Global Class cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Paramount Global January 6, 2025 Market Strength
Market strength indicators help investors to evaluate how Paramount 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 Paramount Global shares will generate the highest return on investment. By undertsting and applying Paramount Global stock market strength indicators, traders can identify Paramount Global Class entry and exit signals to maximize returns
Paramount Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Paramount Global's price direction in advance. Along with the technical and fundamental analysis of Paramount Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Paramount 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 | 0.0254 | |||
| Jensen Alpha | 0.0252 | |||
| Total Risk Alpha | 0.0053 | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.2489 |
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Complementary Tools for Paramount Stock analysis
When running Paramount Global's price analysis, check to measure Paramount 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 Paramount Global is operating at the current time. Most of Paramount Global's value examination focuses on studying past and present price action to predict the probability of Paramount 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 Paramount Global's price. Additionally, you may evaluate how the addition of Paramount Global to your portfolios can decrease your overall portfolio volatility.
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