Paramount Global Class Stock Market Value
| PARA Stock | USD 10.88 0.21 1.89% |
| Symbol | Paramount |
Paramount Global Class Price To Book Ratio
Is Broadcasting 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 Global. 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 Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 79.876 | Dividend Share 0.2 | Earnings Share (9.06) | Revenue Per Share 43.672 | Quarterly Revenue Growth (0.06) |
The market value of Paramount Global Class 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Paramount Global'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 Global's market value can be influenced by many factors that don't directly affect Paramount Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paramount Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paramount Global'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 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 Paramount 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 Paramount Global.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Paramount Global on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Paramount Global Class or generate 0.0% return on investment in Paramount Global over 360 days. Paramount Global is related to or competes with Disney, Roku, Netflix, AMC Entertainment, Warner Bros, Fox Corp, and News Corp. Paramount Global operates as a media and entertainment company worldwide More
Paramount 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 Paramount 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 Paramount Global Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.83 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.82 |
Paramount Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramount Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramount Global's standard deviation. In reality, there are many statistical measures that can use Paramount Global historical prices to predict the future Paramount Global's volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.03) |
Paramount Global Class Backtested Returns
Paramount Global Class maintains Sharpe Ratio (i.e., Efficiency) of -0.0176, which implies the firm had a -0.0176% return per unit of risk over the last 3 months. Paramount Global Class exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paramount Global's Variance of 4.03, coefficient of variation of (13,941), and Risk Adjusted Performance of 7.0E-4 to confirm the risk estimate we provide. The company holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paramount Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paramount Global is expected to be smaller as well. At this point, Paramount Global Class has a negative expected return of -0.0354%. Please make sure to check Paramount Global's daily balance of power, and the relationship between the skewness and day typical price , to decide if Paramount Global Class performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Paramount Global Class has below average predictability. Overlapping area represents the amount of predictability between Paramount Global time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Paramount Global Class price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Paramount Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Paramount Global Class lagged returns against current returns
Autocorrelation, which is Paramount 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 Paramount Global's stock expected returns. We can calculate the autocorrelation of Paramount Global returns to help us make a trade decision. For example, suppose you find that Paramount 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 |
Paramount 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 Paramount Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramount Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramount Global stock over time.
Current vs Lagged Prices |
| Timeline |
Paramount Global Lagged Returns
When evaluating Paramount Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramount Global stock have on its future price. Paramount 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, Paramount Global autocorrelation shows the relationship between Paramount Global stock current value and its past values and can show if there is a momentum factor associated with investing in Paramount Global Class.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Paramount Global Class offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paramount Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paramount Global Class Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paramount Global Class Stock:Check out Paramount Global Correlation, Paramount Global Volatility and Paramount Global Alpha and Beta module to complement your research on Paramount Global. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Paramount Global 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.