Paradigm Oil And Stock Market Value
| PDGO Stock | USD 0.0001 0.00 0.00% |
| Symbol | Paradigm |
Paradigm Oil '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 Paradigm Oil's pink sheet 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 Paradigm Oil.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Paradigm Oil on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Paradigm Oil And or generate 0.0% return on investment in Paradigm Oil over 30 days. Paradigm Oil and Gas, Inc., an exploration stage company, engages in the acquisition, exploration, development, and oper... More
Paradigm Oil 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 Paradigm Oil's pink sheet 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 Paradigm Oil And upside and downside potential and time the market with a certain degree of confidence.
Paradigm Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradigm Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradigm Oil's standard deviation. In reality, there are many statistical measures that can use Paradigm Oil historical prices to predict the future Paradigm Oil's volatility.Paradigm Oil And Backtested Returns
Paradigm Oil And maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for three different technical indicators, which can help you to evaluate if expected returns of 14.29% are justified by taking the suggested risk. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Paradigm Oil are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Paradigm Oil And has no correlation between past and present. Overlapping area represents the amount of predictability between Paradigm Oil time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Paradigm Oil And price movement. The serial correlation of 0.0 indicates that just 0.0% of current Paradigm Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paradigm Oil And lagged returns against current returns
Autocorrelation, which is Paradigm Oil pink sheet'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 Paradigm Oil's pink sheet expected returns. We can calculate the autocorrelation of Paradigm Oil returns to help us make a trade decision. For example, suppose you find that Paradigm Oil has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Paradigm Oil 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 Paradigm Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradigm Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradigm Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Paradigm Oil Lagged Returns
When evaluating Paradigm Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradigm Oil pink sheet have on its future price. Paradigm Oil 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, Paradigm Oil autocorrelation shows the relationship between Paradigm Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Paradigm Oil And.
Regressed Prices |
| Timeline |
Pair Trading with Paradigm Oil
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 Paradigm Oil 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 Paradigm Oil will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Paradigm Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paradigm Oil 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 Paradigm Oil - 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 Paradigm Oil And to buy it.
The correlation of Paradigm Oil 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 Paradigm Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paradigm Oil And 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 Paradigm Oil 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.Other Information on Investing in Paradigm Pink Sheet
Paradigm Oil financial ratios help investors to determine whether Paradigm Pink Sheet 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 Paradigm with respect to the benefits of owning Paradigm Oil security.