Paragon Banking (Germany) Market Value
| 46P1 Stock | EUR 8.70 0.30 3.33% |
| Symbol | Paragon |
Paragon Banking '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 Banking'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 Banking.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Paragon Banking on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Paragon Banking Group or generate 0.0% return on investment in Paragon Banking over 30 days. Paragon Banking is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. Paragon Banking Group PLC provides financial services in the United Kingdom More
Paragon Banking 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 Banking'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 Banking Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0066 | |||
| Maximum Drawdown | 9.97 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.37 |
Paragon Banking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paragon Banking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paragon Banking's standard deviation. In reality, there are many statistical measures that can use Paragon Banking historical prices to predict the future Paragon Banking's volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.0439 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | (0.09) |
Paragon Banking Group Backtested Returns
At this point, Paragon Banking is somewhat reliable. Paragon Banking Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0017, which implies the firm had a 0.0017% return per unit of risk over the last 3 months. We have found thirty technical indicators for Paragon Banking Group, which you can use to evaluate the volatility of the company. Please check Paragon Banking's Risk Adjusted Performance of 0.0239, coefficient of variation of 4444.73, and Semi Deviation of 1.68 to confirm if the risk estimate we provide is consistent with the expected return of 0.0036%. The company holds a Beta of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Paragon Banking are expected to decrease at a much lower rate. During the bear market, Paragon Banking is likely to outperform the market. Paragon Banking Group right now holds a risk of 2.08%. Please check Paragon Banking Group coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Paragon Banking Group will be following its historical price patterns.
Auto-correlation | -0.84 |
Excellent reverse predictability
Paragon Banking Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Paragon Banking time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 2024. 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 Banking Group price movement. The serial correlation of -0.84 indicates that around 84.0% of current Paragon Banking price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Paragon Banking Group lagged returns against current returns
Autocorrelation, which is Paragon Banking 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 Banking's stock expected returns. We can calculate the autocorrelation of Paragon Banking returns to help us make a trade decision. For example, suppose you find that Paragon Banking 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 Banking 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 Banking stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paragon Banking stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paragon Banking stock over time.
Current vs Lagged Prices |
| Timeline |
Paragon Banking Lagged Returns
When evaluating Paragon Banking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paragon Banking stock have on its future price. Paragon Banking 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 Banking autocorrelation shows the relationship between Paragon Banking stock current value and its past values and can show if there is a momentum factor associated with investing in Paragon Banking Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Paragon Stock
Paragon Banking 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 Banking security.