Paramount Global (Brazil) Market Value
| C1BS34 Stock | BRL 66.29 0.19 0.29% |
| Symbol | Paramount |
Paramount Global '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 Paramount Global'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 Paramount Global.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Paramount Global on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Paramount Global or generate 0.0% return on investment in Paramount Global over 180 days. Paramount Global is related to or competes with Electronic Arts, MAHLE Metal, Warner Music, Verizon Communications, British American, G2D Investments, and Bemobi Mobile. Paramount Global operates as a media and entertainment company worldwide More
Paramount Global 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 Paramount Global'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 Paramount Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.051 | |||
| Maximum Drawdown | 11.92 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.01 |
Paramount Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramount Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramount Global's standard deviation. In reality, there are many statistical measures that can use Paramount Global historical prices to predict the future Paramount Global's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.2089 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0465 | |||
| Treynor Ratio | 209.05 |
Paramount Global Backtested Returns
Paramount Global appears to be very steady, given 3 months investment horizon. Paramount Global maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Paramount Global, which you can use to evaluate the volatility of the company. Please evaluate Paramount Global's Risk Adjusted Performance of 0.0869, semi deviation of 1.84, and Coefficient Of Variation of 946.84 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paramount Global holds a performance score of 8. The company holds a Beta of 0.001, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paramount Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paramount Global is expected to be smaller as well. Please check Paramount Global's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Paramount Global's historical price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Paramount Global has insignificant reverse predictability. Overlapping area represents the amount of predictability between Paramount Global time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Paramount Global price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Paramount Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 10.34 |
Paramount Global lagged returns against current returns
Autocorrelation, which is Paramount Global 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 Paramount Global's stock expected returns. We can calculate the autocorrelation of Paramount Global returns to help us make a trade decision. For example, suppose you find that Paramount Global 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 |
Paramount Global 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 Paramount Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramount Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramount Global stock over time.
Current vs Lagged Prices |
| Timeline |
Paramount Global Lagged Returns
When evaluating Paramount Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramount Global stock have on its future price. Paramount Global 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, Paramount Global autocorrelation shows the relationship between Paramount Global stock current value and its past values and can show if there is a momentum factor associated with investing in Paramount Global.
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 Paramount Stock
Paramount Global financial ratios help investors to determine whether Paramount 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 Paramount with respect to the benefits of owning Paramount Global security.