Paladin Energy Stock Market Value
| PALAF Stock | USD 5.01 0.15 2.91% |
| Symbol | Paladin |
Paladin Energy '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 Paladin Energy's otc 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 Paladin Energy.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Paladin Energy on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Paladin Energy or generate 0.0% return on investment in Paladin Energy over 30 days. Paladin Energy is related to or competes with Mega Uranium, Laramide Resources, Deep Yellow, Bannerman Resources, and Fission Uranium. Paladin Energy Limited develops, explores for, and operates uranium mines in Australia, Canada, and Africa More
Paladin Energy 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 Paladin Energy's otc 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 Paladin Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 37.77 | |||
| Value At Risk | (8.58) | |||
| Potential Upside | 7.6 |
Paladin Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paladin Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paladin Energy's standard deviation. In reality, there are many statistical measures that can use Paladin Energy historical prices to predict the future Paladin Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (2.26) |
Paladin Energy Backtested Returns
Paladin Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0864, which implies the firm had a -0.0864% return per unit of risk over the last 3 months. Paladin Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paladin Energy's Variance of 30.11, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,947) to confirm the risk estimate we provide. The company holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paladin Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paladin Energy is expected to be smaller as well. At this point, Paladin Energy has a negative expected return of -0.47%. Please make sure to check Paladin Energy's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Paladin Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Paladin Energy has very good predictability. Overlapping area represents the amount of predictability between Paladin Energy time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Paladin Energy price movement. The serial correlation of 0.83 indicates that around 83.0% of current Paladin Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Paladin Energy lagged returns against current returns
Autocorrelation, which is Paladin Energy otc 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 Paladin Energy's otc stock expected returns. We can calculate the autocorrelation of Paladin Energy returns to help us make a trade decision. For example, suppose you find that Paladin Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Paladin Energy 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 Paladin Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paladin Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paladin Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Paladin Energy Lagged Returns
When evaluating Paladin Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paladin Energy otc stock have on its future price. Paladin Energy 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, Paladin Energy autocorrelation shows the relationship between Paladin Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Paladin Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Paladin OTC Stock
Paladin Energy financial ratios help investors to determine whether Paladin OTC 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 Paladin with respect to the benefits of owning Paladin Energy security.