Paranovus Entertainment Technology Stock Market Value
| PAVS Stock | 1.36 0.01 0.73% |
| Symbol | Paranovus |
Paranovus Entertainment Price To Book Ratio
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paranovus Entertainment. If investors know Paranovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paranovus Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.75 | Revenue Per Share | Quarterly Revenue Growth (0.96) | Return On Assets | Return On Equity |
The market value of Paranovus Entertainment is measured differently than its book value, which is the value of Paranovus that is recorded on the company's balance sheet. Investors also form their own opinion of Paranovus Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Paranovus Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paranovus Entertainment's market value can be influenced by many factors that don't directly affect Paranovus Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paranovus Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paranovus Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paranovus Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Paranovus Entertainment '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 Paranovus Entertainment'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 Paranovus Entertainment.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Paranovus Entertainment on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Paranovus Entertainment Technology or generate 0.0% return on investment in Paranovus Entertainment over 30 days. Paranovus Entertainment is related to or competes with Sphere Entertainment, Freedom Internet, NETGEAR, Federal Home, Iridium Communications, and National CineMedia. Paranovus Entertainment is entity of United States More
Paranovus Entertainment 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 Paranovus Entertainment'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 Paranovus Entertainment Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.1519 | |||
| Maximum Drawdown | 27.68 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.58 |
Paranovus Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paranovus Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paranovus Entertainment's standard deviation. In reality, there are many statistical measures that can use Paranovus Entertainment historical prices to predict the future Paranovus Entertainment's volatility.| Risk Adjusted Performance | 0.1225 | |||
| Jensen Alpha | 0.6121 | |||
| Total Risk Alpha | 0.5802 | |||
| Sortino Ratio | 0.2289 | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paranovus Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Paranovus Entertainment Backtested Returns
Paranovus Entertainment appears to be dangerous, given 3 months investment horizon. Paranovus Entertainment maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18 % return per unit of risk over the last 3 months. By analyzing Paranovus Entertainment's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please evaluate Paranovus Entertainment's Coefficient Of Variation of 642.48, semi deviation of 1.86, and Risk Adjusted Performance of 0.1225 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paranovus Entertainment holds a performance score of 14. The company holds a Beta of -1.05, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Paranovus Entertainment are expected to decrease slowly. On the other hand, during market turmoil, Paranovus Entertainment is expected to outperform it slightly. Please check Paranovus Entertainment's downside variance, as well as the relationship between the daily balance of power and relative strength index , to make a quick decision on whether Paranovus Entertainment's historical price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Paranovus Entertainment Technology has good predictability. Overlapping area represents the amount of predictability between Paranovus Entertainment time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Paranovus Entertainment price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Paranovus Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paranovus Entertainment lagged returns against current returns
Autocorrelation, which is Paranovus Entertainment 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 Paranovus Entertainment's stock expected returns. We can calculate the autocorrelation of Paranovus Entertainment returns to help us make a trade decision. For example, suppose you find that Paranovus Entertainment 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 |
Paranovus Entertainment 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 Paranovus Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paranovus Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paranovus Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Paranovus Entertainment Lagged Returns
When evaluating Paranovus Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paranovus Entertainment stock have on its future price. Paranovus Entertainment 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, Paranovus Entertainment autocorrelation shows the relationship between Paranovus Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Paranovus Entertainment Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Paranovus Stock Analysis
When running Paranovus Entertainment's price analysis, check to measure Paranovus Entertainment'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 Paranovus Entertainment is operating at the current time. Most of Paranovus Entertainment's value examination focuses on studying past and present price action to predict the probability of Paranovus Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paranovus Entertainment's price. Additionally, you may evaluate how the addition of Paranovus Entertainment to your portfolios can decrease your overall portfolio volatility.