Payton Planar (Belgium) Market Value
| PAY Stock | EUR 8.40 0.15 1.75% |
| Symbol | Payton |
Payton Planar '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 Payton Planar'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 Payton Planar.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Payton Planar on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Payton Planar Magnetics or generate 0.0% return on investment in Payton Planar over 30 days. Payton Planar is related to or competes with Tessenderlo, Jensen, Melexis NV, Sipef NV, and EVS Broadcast. Payton Planar Magnetics Ltd., together with its subsidiaries, develops, manufactures, and markets planar and conventiona... More
Payton Planar 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 Payton Planar'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 Payton Planar Magnetics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 1.97 |
Payton Planar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payton Planar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payton Planar's standard deviation. In reality, there are many statistical measures that can use Payton Planar historical prices to predict the future Payton Planar's volatility.| Risk Adjusted Performance | 0.0492 | |||
| Jensen Alpha | 0.152 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.25) |
Payton Planar Magnetics Backtested Returns
Currently, Payton Planar Magnetics is somewhat reliable. Payton Planar Magnetics maintains Sharpe Ratio (i.e., Efficiency) of 0.0566, which implies the firm had a 0.0566% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Payton Planar Magnetics, which you can use to evaluate the volatility of the company. Please check Payton Planar's Semi Deviation of 1.23, risk adjusted performance of 0.0492, and Coefficient Of Variation of 1781.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Payton Planar has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Payton Planar are expected to decrease at a much lower rate. During the bear market, Payton Planar is likely to outperform the market. Payton Planar Magnetics right now holds a risk of 2.01%. Please check Payton Planar Magnetics maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Payton Planar Magnetics will be following its historical price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Payton Planar Magnetics has very weak predictability. Overlapping area represents the amount of predictability between Payton Planar time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Payton Planar Magnetics price movement. The serial correlation of 0.17 indicates that over 17.0% of current Payton Planar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Payton Planar Magnetics lagged returns against current returns
Autocorrelation, which is Payton Planar 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 Payton Planar's stock expected returns. We can calculate the autocorrelation of Payton Planar returns to help us make a trade decision. For example, suppose you find that Payton Planar 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 |
Payton Planar 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 Payton Planar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payton Planar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payton Planar stock over time.
Current vs Lagged Prices |
| Timeline |
Payton Planar Lagged Returns
When evaluating Payton Planar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payton Planar stock have on its future price. Payton Planar 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, Payton Planar autocorrelation shows the relationship between Payton Planar stock current value and its past values and can show if there is a momentum factor associated with investing in Payton Planar Magnetics.
Regressed Prices |
| Timeline |
Pair Trading with Payton Planar
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 Payton Planar 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 Payton Planar will appreciate offsetting losses from the drop in the long position's value.Moving against Payton Stock
| 0.57 | ELI | Elia Group SANV Earnings Call This Week | PairCorr |
| 0.56 | BEKB | NV Bekaert SA | PairCorr |
| 0.55 | BAR | Barco NV | PairCorr |
| 0.51 | BNB | Banque nationale | PairCorr |
| 0.44 | UMI | Umicore SA | PairCorr |
The ability to find closely correlated positions to Payton Planar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payton Planar 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 Payton Planar - 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 Payton Planar Magnetics to buy it.
The correlation of Payton Planar 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 Payton Planar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payton Planar Magnetics 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 Payton Planar 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.Additional Tools for Payton Stock Analysis
When running Payton Planar's price analysis, check to measure Payton Planar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Payton Planar is operating at the current time. Most of Payton Planar's value examination focuses on studying past and present price action to predict the probability of Payton Planar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Payton Planar's price. Additionally, you may evaluate how the addition of Payton Planar to your portfolios can decrease your overall portfolio volatility.