Paragon GmbH (Germany) Market Value
| PGN Stock | 1.98 0.02 1.00% |
| Symbol | Paragon |
Paragon GmbH '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 Paragon GmbH'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 Paragon GmbH.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Paragon GmbH on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding paragon GmbH Co or generate 0.0% return on investment in Paragon GmbH over 570 days. Paragon GmbH is related to or competes with EVS Broadcast, CAREER EDUCATION, IDP EDUCATION, TITANIUM TRANSPORTGROUP, Grand Canyon, Broadwind, and TRAINLINE PLC. More
Paragon GmbH 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 Paragon GmbH'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 paragon GmbH Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.17 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 38.25 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 8.16 |
Paragon GmbH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paragon GmbH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paragon GmbH's standard deviation. In reality, there are many statistical measures that can use Paragon GmbH historical prices to predict the future Paragon GmbH's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.0824 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0167 | |||
| Treynor Ratio | 0.0891 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paragon GmbH'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.
paragon GmbH Backtested Returns
Currently, paragon GmbH Co is dangerous. paragon GmbH maintains Sharpe Ratio (i.e., Efficiency) of 0.0194, which implies the firm had a 0.0194 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for paragon GmbH, which you can use to evaluate the volatility of the company. Please check Paragon GmbH's Coefficient Of Variation of 5146.62, market risk adjusted performance of 0.0991, and Semi Deviation of 4.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Paragon GmbH has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.19, 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, Paragon GmbH will likely underperform. paragon GmbH right now holds a risk of 5.96%. Please check paragon GmbH expected short fall, and the relationship between the value at risk and daily balance of power , to decide if paragon GmbH will be following its historical price patterns.
Auto-correlation | 0.93 |
Excellent predictability
paragon GmbH Co has excellent predictability. Overlapping area represents the amount of predictability between Paragon GmbH time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 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 paragon GmbH price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Paragon GmbH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
paragon GmbH lagged returns against current returns
Autocorrelation, which is Paragon GmbH 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 Paragon GmbH's stock expected returns. We can calculate the autocorrelation of Paragon GmbH returns to help us make a trade decision. For example, suppose you find that Paragon GmbH 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 |
Paragon GmbH 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 Paragon GmbH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paragon GmbH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paragon GmbH stock over time.
Current vs Lagged Prices |
| Timeline |
Paragon GmbH Lagged Returns
When evaluating Paragon GmbH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paragon GmbH stock have on its future price. Paragon GmbH 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, Paragon GmbH autocorrelation shows the relationship between Paragon GmbH stock current value and its past values and can show if there is a momentum factor associated with investing in paragon GmbH Co.
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.Additional Tools for Paragon Stock Analysis
When running Paragon GmbH's price analysis, check to measure Paragon GmbH'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 Paragon GmbH is operating at the current time. Most of Paragon GmbH's value examination focuses on studying past and present price action to predict the probability of Paragon GmbH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paragon GmbH's price. Additionally, you may evaluate how the addition of Paragon GmbH to your portfolios can decrease your overall portfolio volatility.