PAX Global (Germany) Market Value
| P8X Stock | EUR 0.54 0.01 1.89% |
| Symbol | PAX |
PAX Global '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 PAX Global'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 PAX Global.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in PAX Global on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding PAX Global Technology or generate 0.0% return on investment in PAX Global over 30 days. PAX Global is related to or competes with Canon, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds tr... More
PAX Global 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 PAX Global'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 PAX Global Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.4 | |||
| Information Ratio | 0.1483 | |||
| Maximum Drawdown | 47.82 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 18.87 |
PAX Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAX Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PAX Global's standard deviation. In reality, there are many statistical measures that can use PAX Global historical prices to predict the future PAX Global's volatility.| Risk Adjusted Performance | 0.134 | |||
| Jensen Alpha | 1.35 | |||
| Total Risk Alpha | 0.06 | |||
| Sortino Ratio | 0.1708 | |||
| Treynor Ratio | 4.51 |
PAX Global Technology Backtested Returns
PAX Global is out of control given 3 months investment horizon. PAX Global Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the company had a 0.17% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use PAX Global Mean Deviation of 5.65, coefficient of variation of 611.88, and Market Risk Adjusted Performance of 4.52 to evaluate company specific risk that cannot be diversified away. PAX Global holds a performance score of 13 on a scale of zero to a hundred. The firm holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PAX Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding PAX Global is expected to be smaller as well. Use PAX Global value at risk, expected short fall, rate of daily change, as well as the relationship between the downside variance and kurtosis , to analyze future returns on PAX Global.
Auto-correlation | -0.05 |
Very weak reverse predictability
PAX Global Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between PAX Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 PAX Global Technology price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current PAX Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PAX Global Technology lagged returns against current returns
Autocorrelation, which is PAX Global 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 PAX Global's stock expected returns. We can calculate the autocorrelation of PAX Global returns to help us make a trade decision. For example, suppose you find that PAX Global 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 |
PAX Global 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 PAX Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PAX Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PAX Global stock over time.
Current vs Lagged Prices |
| Timeline |
PAX Global Lagged Returns
When evaluating PAX Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PAX Global stock have on its future price. PAX Global 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, PAX Global autocorrelation shows the relationship between PAX Global stock current value and its past values and can show if there is a momentum factor associated with investing in PAX Global Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PAX Stock
PAX Global financial ratios help investors to determine whether PAX Stock 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 PAX with respect to the benefits of owning PAX Global security.