Payfare Stock Market Value
| PAY Stock | CAD 3.96 0.02 0.50% |
| Symbol | Payfare |
Payfare '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 Payfare'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 Payfare.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in Payfare on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Payfare or generate 0.0% return on investment in Payfare over 60 days. Payfare is related to or competes with Converge Technology, Thinkific Labs, and Mogo. Posera Ltd., a hospitality technology company, manages merchant transactions with consumers and facilitates payments More
Payfare 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 Payfare'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 Payfare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1465 | |||
| Maximum Drawdown | 81.88 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 4.88 |
Payfare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payfare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payfare's standard deviation. In reality, there are many statistical measures that can use Payfare historical prices to predict the future Payfare's volatility.| Risk Adjusted Performance | 0.1163 | |||
| Jensen Alpha | 1.56 | |||
| Total Risk Alpha | 1.83 | |||
| Sortino Ratio | 0.6913 | |||
| Treynor Ratio | 0.6234 |
Payfare Backtested Returns
Payfare is dangerous given 3 months investment horizon. Payfare maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15 % return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.51% are justified by taking the suggested risk. Use Payfare Risk Adjusted Performance of 0.1163, coefficient of variation of 688.4, and Semi Deviation of 0.7234 to evaluate company specific risk that cannot be diversified away. Payfare holds a performance score of 11 on a scale of zero to a hundred. The company holds a Beta of 2.41, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Payfare will likely underperform. Use Payfare kurtosis, and the relationship between the downside variance and day median price , to analyze future returns on Payfare.
Auto-correlation | 0.51 |
Modest predictability
Payfare has modest predictability. Overlapping area represents the amount of predictability between Payfare time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd 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 Payfare price movement. The serial correlation of 0.51 indicates that about 51.0% of current Payfare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payfare lagged returns against current returns
Autocorrelation, which is Payfare 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 Payfare's stock expected returns. We can calculate the autocorrelation of Payfare returns to help us make a trade decision. For example, suppose you find that Payfare 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 |
Payfare 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 Payfare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payfare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payfare stock over time.
Current vs Lagged Prices |
| Timeline |
Payfare Lagged Returns
When evaluating Payfare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payfare stock have on its future price. Payfare 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, Payfare autocorrelation shows the relationship between Payfare stock current value and its past values and can show if there is a momentum factor associated with investing in Payfare.
Regressed Prices |
| Timeline |
Pair Trading with Payfare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Payfare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Payfare will appreciate offsetting losses from the drop in the long position's value.Moving against Payfare Stock
| 0.74 | DAY | Dayforce | PairCorr |
| 0.67 | ATS | ATS P | PairCorr |
| 0.63 | NBLC | Nobel29 Resources Corp | PairCorr |
| 0.34 | BBUC | Brookfield Business Corp | PairCorr |
The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Payfare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Payfare to buy it.
The correlation of Payfare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Payfare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Payfare Stock
Payfare financial ratios help investors to determine whether Payfare 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 Payfare with respect to the benefits of owning Payfare security.