Paramount Gold Nevada Stock Market Value
| PZG Stock | USD 0.38 0.01 2.70% |
| Symbol | Paramount |
Paramount Gold Nevada Price To Book Ratio
Is Precious Metals & Minerals 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 Paramount Gold. If investors know Paramount 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 Paramount Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.12) | Revenue Per Share | Quarterly Revenue Growth (0.55) | Return On Assets | Return On Equity |
The market value of Paramount Gold Nevada is measured differently than its book value, which is the value of Paramount that is recorded on the company's balance sheet. Investors also form their own opinion of Paramount Gold's value that differs from its market value or its book value, called intrinsic value, which is Paramount Gold'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 Paramount Gold's market value can be influenced by many factors that don't directly affect Paramount Gold'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 Paramount Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paramount Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paramount Gold'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.
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.
| 02/18/2025 |
| 03/20/2025 |
If you would invest 0.00 in Paramount Gold on February 18, 2025 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 30 days. Paramount Gold is related to or competes with Vista Gold, International Tower, Avino Silver, and Seabridge Gold. 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.
| Downside Deviation | 4.88 | |||
| Information Ratio | 0.0777 | |||
| Maximum Drawdown | 20.63 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 5.71 |
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 | 0.0625 | |||
| Jensen Alpha | 0.2697 | |||
| Total Risk Alpha | 0.5798 | |||
| Sortino Ratio | 0.0643 | |||
| Treynor Ratio | 0.579 |
Paramount Gold Nevada Backtested Returns
Paramount Gold appears to be out of control, given 3 months investment horizon. Paramount Gold Nevada maintains Sharpe Ratio (i.e., Efficiency) of 0.0659, which implies the firm had a 0.0659 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Paramount Gold Nevada, which you can use to evaluate the volatility of the company. Please evaluate Paramount Gold's Semi Deviation of 3.37, coefficient of variation of 1623.03, and Risk Adjusted Performance of 0.0625 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paramount Gold holds a performance score of 5. The company holds a Beta of 0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paramount Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paramount Gold is expected to be smaller as well. Please check Paramount Gold's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Paramount Gold's historical price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Paramount Gold Nevada has modest reverse predictability. Overlapping area represents the amount of predictability between Paramount Gold time series from 18th of February 2025 to 5th of March 2025 and 5th of March 2025 to 20th 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 -0.43 indicates that just about 43.0% of current Paramount Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.03 | |
| 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
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.