Paid Inc Stock Market Value
| PAYD Stock | USD 2.98 0.33 12.45% |
| Symbol | Paid |
Paid '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 Paid's pink sheet 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 Paid.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Paid on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Paid Inc or generate 0.0% return on investment in Paid over 180 days. Paid is related to or competes with Rand Worldwide, and Mobivity Holdings. PAID, Inc. develops online shipping and tax management tools in the United States, and Canada More
Paid 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 Paid's pink sheet 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 Paid Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.12 | |||
| Information Ratio | 0.1601 | |||
| Maximum Drawdown | 64.31 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 25.0 |
Paid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paid's standard deviation. In reality, there are many statistical measures that can use Paid historical prices to predict the future Paid's volatility.| Risk Adjusted Performance | 0.1422 | |||
| Jensen Alpha | 1.79 | |||
| Total Risk Alpha | 0.0594 | |||
| Sortino Ratio | 0.1218 | |||
| Treynor Ratio | (3.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paid'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.
Paid Inc Backtested Returns
Paid is extremely dangerous given 3 months investment horizon. Paid Inc 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. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.79% are justified by taking the suggested risk. Use Paid Risk Adjusted Performance of 0.1422, semi deviation of 6.42, and Coefficient Of Variation of 575.11 to evaluate company specific risk that cannot be diversified away. Paid holds a performance score of 13 on a scale of zero to a hundred. The company holds a Beta of -0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Paid are expected to decrease at a much lower rate. During the bear market, Paid is likely to outperform the market. Use Paid total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to analyze future returns on Paid.
Auto-correlation | -0.29 |
Weak reverse predictability
Paid Inc has weak reverse predictability. Overlapping area represents the amount of predictability between Paid time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Paid Inc price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Paid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Paid Inc lagged returns against current returns
Autocorrelation, which is Paid pink sheet'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 Paid's pink sheet expected returns. We can calculate the autocorrelation of Paid returns to help us make a trade decision. For example, suppose you find that Paid has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Paid 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 Paid pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paid pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paid pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Paid Lagged Returns
When evaluating Paid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paid pink sheet have on its future price. Paid 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, Paid autocorrelation shows the relationship between Paid pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Paid Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Paid Pink Sheet
Paid financial ratios help investors to determine whether Paid Pink Sheet 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 Paid with respect to the benefits of owning Paid security.