Paramount Spinning (Pakistan) Price on October 17, 2024
| PASM Stock | 4.20 0.51 13.82% |
If you're considering investing in Paramount Stock, it is important to understand the factors that can impact its price. As of today, the current price of Paramount Spinning stands at 4.20, as last reported on the 26th of February, with the highest price reaching 4.29 and the lowest price hitting 4.20 during the day. Paramount Spinning Mills maintains Sharpe Ratio (i.e., Efficiency) of -0.0448, which implies the firm had a -0.0448 % return per unit of risk over the last 3 months. Paramount Spinning Mills exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paramount Spinning's Coefficient Of Variation of (3,517), risk adjusted performance of (0.01), and Variance of 44.8 to confirm the risk estimate we provide.
Paramount Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Paramount |
Sharpe Ratio = -0.0448
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Estimated Market Risk
| 6.5 actual daily | 57 57% of assets are less volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Paramount Spinning is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Paramount Spinning by adding Paramount Spinning to a well-diversified portfolio.
Paramount Spinning Valuation on October 17, 2024
It is possible to determine the worth of Paramount Spinning on a given historical date. On October 17, 2024 Paramount was worth 5.99 at the beginning of the trading date compared to the closed value of 5.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Paramount Spinning stock. Still, in general, we apply an absolute valuation method to find Paramount Spinning's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Paramount Spinning where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Paramount Spinning's related companies.
| Open | High | Low | Close | Volume | |
| 6.25 | 6.25 | 5.60 | 6.00 | 24.00 | |
10/17/2024 | 5.99 | 5.99 | 5.10 | 5.50 | 5,315 |
| 5.98 | 5.98 | 5.20 | 5.79 | 15.00 |
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Paramount Spinning Trading Date Momentum on October 17, 2024
| On October 18 2024 Paramount Spinning Mills was traded for 5.79 at the closing time. The highest price during the trading period was 5.98 and the lowest recorded bid was listed for 5.20 . The volume for the day was 15.0. This history from October 18, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 5.27% . The trading delta at closing time to the current price is 18.18% . |
Price Boundaries
Paramount Spinning Period Price Range
Low | February 26, 2025
| High |
0.00 | 0.00 |
Paramount Spinning Mills cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Paramount Spinning February 26, 2025 Market Strength
Market strength indicators help investors to evaluate how Paramount Spinning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Paramount Spinning shares will generate the highest return on investment. By undertsting and applying Paramount Spinning stock market strength indicators, traders can identify Paramount Spinning Mills entry and exit signals to maximize returns
Paramount Spinning Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Paramount Spinning's price direction in advance. Along with the technical and fundamental analysis of Paramount Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Paramount to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.33) |
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| Volume Indicators |
Complementary Tools for Paramount Stock analysis
When running Paramount Spinning's price analysis, check to measure Paramount Spinning'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 Paramount Spinning is operating at the current time. Most of Paramount Spinning's value examination focuses on studying past and present price action to predict the probability of Paramount Spinning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paramount Spinning's price. Additionally, you may evaluate how the addition of Paramount Spinning to your portfolios can decrease your overall portfolio volatility.
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