Paramount Global Preferred Stock Fundamentals
| PARAPDelisted Preferred Stock | USD 22.27 0.19 0.86% |
Paramount Global fundamentals help investors to digest information that contributes to Paramount Global's financial success or failures. It also enables traders to predict the movement of Paramount Preferred Stock. The fundamental analysis module provides a way to measure Paramount Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Paramount Global preferred stock.
Paramount |
Paramount Global Company Price To Earning Analysis
Paramount Global's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Paramount Global Price To Earning | 4.91 X |
Most of Paramount Global's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Paramount Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionBased on the latest financial disclosure, Paramount Global has a Price To Earning of 4.91 times. This is 94.25% lower than that of the Communication Services sector and significantly higher than that of the Entertainment industry. The price to earning for all United States preferred stocks is 82.9% higher than that of the company.
Paramount Global Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Paramount Global's current stock value. Our valuation model uses many indicators to compare Paramount Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Paramount Global competition to find correlations between indicators driving Paramount Global's intrinsic value. More Info.Paramount Global is considered to be number one stock in price to earning category among its peers. It also is considered to be number one stock in beta category among its peers totaling about 0.34 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Paramount Global is roughly 2.97 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Paramount Global's earnings, one of the primary drivers of an investment's value.Paramount Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Paramount Global's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Paramount Global could also be used in its relative valuation, which is a method of valuing Paramount Global by comparing valuation metrics of similar companies.Paramount Global is currently under evaluation in price to earning category among its peers.
Paramount Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0307 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.09 % | ||||
| Shares Owned By Institutions | 56.74 % | ||||
| Number Of Shares Shorted | 158.3 K | ||||
| Price To Earning | 4.91 X | ||||
| Revenue | 28.59 B | ||||
| Gross Profit | 10.84 B | ||||
| EBITDA | 6.57 B | ||||
| Net Income | 4.63 B | ||||
| Cash And Equivalents | 3.38 B | ||||
| Cash Per Share | 5.21 X | ||||
| Total Debt | 17.7 B | ||||
| Debt To Equity | 0.74 % | ||||
| Current Ratio | 1.31 X | ||||
| Book Value Per Share | 34.90 X | ||||
| Cash Flow From Operations | 953 M | ||||
| Short Ratio | 2.89 X | ||||
| Earnings Per Share | 6.14 X | ||||
| Number Of Employees | 22.96 K | ||||
| Beta | 1.65 | ||||
| Total Asset | 58.62 B | ||||
| Annual Yield | 0.19 % | ||||
| Net Asset | 58.62 B | ||||
| Last Dividend Paid | 0.96 |
About Paramount Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Paramount Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Paramount Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Paramount Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Paramount Global operates as a media and entertainment company worldwide. Paramount Global operates as a subsidiary of National Amusements, Inc. Paramount Global operates under Entertainment classification in the United States and is traded on NASDAQ Exchange. It employs 22965 people.
Pair Trading with Paramount Global
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 Paramount Global 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 Paramount Global will appreciate offsetting losses from the drop in the long position's value.Moving against Paramount Preferred Stock
| 0.76 | APLD | Applied Blockchain Trending | PairCorr |
| 0.57 | OHI | Omega Healthcare Inv | PairCorr |
| 0.56 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.49 | LYV | Live Nation Entertainment | PairCorr |
| 0.49 | LLYVK | Liberty Media | PairCorr |
The ability to find closely correlated positions to Paramount Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paramount Global 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 Paramount Global - 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 Paramount Global to buy it.
The correlation of Paramount Global 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 Paramount Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paramount Global 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 Paramount Global 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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Consideration for investing in Paramount Preferred Stock
If you are still planning to invest in Paramount Global check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Paramount Global's history and understand the potential risks before investing.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |