Paramount Gold (Germany) Market Value
| P9G Stock | EUR 0.33 0.01 2.94% |
| Symbol | Paramount |
Paramount Gold '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 Gold'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 Gold.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Paramount Gold on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Paramount Gold Nevada or generate 0.0% return on investment in Paramount Gold over 90 days. Paramount Gold is related to or competes with Ebro Foods, China Eastern, Thai Beverage, Tyson Foods, EBRO FOODS, and American Airlines. Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of... More
Paramount Gold 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 Gold'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 Gold Nevada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0184 | |||
| Maximum Drawdown | 19.46 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 6.25 |
Paramount Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramount Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramount Gold's standard deviation. In reality, there are many statistical measures that can use Paramount Gold historical prices to predict the future Paramount Gold's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | 0.5559 | |||
| Treynor Ratio | 0.0921 |
Paramount Gold Nevada Backtested Returns
At this point, Paramount Gold is out of control. Paramount Gold Nevada maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Paramount Gold Nevada, which you can use to evaluate the volatility of the company. Please check Paramount Gold's Coefficient Of Variation of (5,869), variance of 13.96, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0194%. The company holds a Beta of -0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Paramount Gold are expected to decrease at a much lower rate. During the bear market, Paramount Gold is likely to outperform the market. Paramount Gold Nevada right now holds a risk of 3.77%. Please check Paramount Gold Nevada skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if Paramount Gold Nevada will be following its historical price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Paramount Gold Nevada has modest reverse predictability. Overlapping area represents the amount of predictability between Paramount Gold 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 Paramount Gold Nevada price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Paramount Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paramount Gold Nevada lagged returns against current returns
Autocorrelation, which is Paramount Gold 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 Gold's stock expected returns. We can calculate the autocorrelation of Paramount Gold returns to help us make a trade decision. For example, suppose you find that Paramount Gold 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 Gold 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 Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramount Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramount Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Paramount Gold Lagged Returns
When evaluating Paramount Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramount Gold stock have on its future price. Paramount Gold 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 Gold autocorrelation shows the relationship between Paramount Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Paramount Gold Nevada.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Paramount Stock
When determining whether Paramount Gold Nevada is a strong investment it is important to analyze Paramount Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Paramount Gold's future performance. For an informed investment choice regarding Paramount Stock, refer to the following important reports:Check out Paramount Gold Correlation, Paramount Gold Volatility and Paramount Gold Alpha and Beta module to complement your research on Paramount Gold. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Paramount Gold 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.