Paramount Communications (India) Market Value
| PARACABLES | 71.84 0.76 1.07% |
| Symbol | Paramount |
Paramount Communications '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 Communications' 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 Communications.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Paramount Communications on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Paramount Communications Limited or generate 0.0% return on investment in Paramount Communications over 180 days. Paramount Communications is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Paramount Communications is entity of India More
Paramount Communications 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 Communications' 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 Communications Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 3.21 |
Paramount Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramount Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramount Communications' standard deviation. In reality, there are many statistical measures that can use Paramount Communications historical prices to predict the future Paramount Communications' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paramount Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Paramount Communications Backtested Returns
Paramount Communications maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Paramount Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paramount Communications' Coefficient Of Variation of (927.05), risk adjusted performance of (0.08), and Variance of 5.67 to confirm the risk estimate we provide. The company holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paramount Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Paramount Communications is expected to be smaller as well. At this point, Paramount Communications has a negative expected return of -0.33%. Please make sure to check Paramount Communications' daily balance of power, and the relationship between the skewness and day typical price , to decide if Paramount Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Paramount Communications Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Paramount Communications time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Communications price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Paramount Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 90.63 |
Paramount Communications lagged returns against current returns
Autocorrelation, which is Paramount Communications 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 Communications' stock expected returns. We can calculate the autocorrelation of Paramount Communications returns to help us make a trade decision. For example, suppose you find that Paramount Communications 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 Communications 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 Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramount Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramount Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Paramount Communications Lagged Returns
When evaluating Paramount Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramount Communications stock have on its future price. Paramount Communications 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 Communications autocorrelation shows the relationship between Paramount Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Paramount Communications Limited.
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.Other Information on Investing in Paramount Stock
Paramount Communications financial ratios help investors to determine whether Paramount 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 Paramount with respect to the benefits of owning Paramount Communications security.