PARAGON GROUP (Germany) Market Value
| 46P1 Stock | EUR 8.60 0.05 0.58% |
| Symbol | PARAGON |
PARAGON GROUP '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 PARAGON GROUP's 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 PARAGON GROUP.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in PARAGON GROUP on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding PARAGON GROUP or generate 0.0% return on investment in PARAGON GROUP over 90 days. PARAGON GROUP is related to or competes with GAMES OPERATORS, FUTURE GAMING, Penn National, and Hastings Technology. More
PARAGON GROUP 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 PARAGON GROUP's 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 PARAGON GROUP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.31 |
PARAGON GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARAGON GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARAGON GROUP's standard deviation. In reality, there are many statistical measures that can use PARAGON GROUP historical prices to predict the future PARAGON GROUP's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.001 | |||
| Total Risk Alpha | 0.2188 | |||
| Treynor Ratio | (0.14) |
PARAGON GROUP Backtested Returns
PARAGON GROUP maintains Sharpe Ratio (i.e., Efficiency) of -0.0378, which implies the company had a -0.0378 % return per unit of standard deviation over the last 3 months. PARAGON GROUP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PARAGON GROUP's Mean Deviation of 1.36, variance of 3.06, and Market Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The firm holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PARAGON GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding PARAGON GROUP is expected to be smaller as well. At this point, PARAGON GROUP has a negative expected return of -0.0661%. Please make sure to check PARAGON GROUP's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if PARAGON GROUP performance from the past will be repeated at future time.
Auto-correlation | -0.48 |
Modest reverse predictability
PARAGON GROUP has modest reverse predictability. Overlapping area represents the amount of predictability between PARAGON GROUP time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 PARAGON GROUP price movement. The serial correlation of -0.48 indicates that about 48.0% of current PARAGON GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
PARAGON GROUP lagged returns against current returns
Autocorrelation, which is PARAGON GROUP 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 PARAGON GROUP's stock expected returns. We can calculate the autocorrelation of PARAGON GROUP returns to help us make a trade decision. For example, suppose you find that PARAGON GROUP has exhibited high autocorrelation historically, and you observe that the 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 |
PARAGON GROUP 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 PARAGON GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARAGON GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARAGON GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
PARAGON GROUP Lagged Returns
When evaluating PARAGON GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARAGON GROUP stock have on its future price. PARAGON GROUP 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, PARAGON GROUP autocorrelation shows the relationship between PARAGON GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in PARAGON GROUP.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PARAGON Stock
PARAGON GROUP financial ratios help investors to determine whether PARAGON Stock 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 PARAGON with respect to the benefits of owning PARAGON GROUP security.