Paladin Energy (Australia) Market Value
| PDN Stock | 8.20 0.46 5.94% |
| 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 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Paladin Energy on October 23, 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 Regal Investment, Pinnacle Investment, Hudson Investment, and GreenX Metals. Paladin Energy is entity of Australia. It is traded as Stock on AU exchange. 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 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 | (0.06) | |||
| Maximum Drawdown | 40.74 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 9.14 |
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 | (0.02) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.15) |
Paladin Energy Backtested Returns
Paladin Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0467, which implies the firm had a -0.0467% return per unit of risk over the last 3 months. Paladin Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paladin Energy's Risk Adjusted Performance of (0.02), variance of 32.95, and Coefficient Of Variation of (2,688) to confirm the risk estimate we provide. The company holds a Beta of 1.47, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paladin Energy will likely underperform. At this point, Paladin Energy has a negative expected return of -0.26%. Please make sure to check Paladin Energy's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Paladin Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Paladin Energy has very good predictability. Overlapping area represents the amount of predictability between Paladin Energy time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 0.87 indicates that approximately 87.0% of current Paladin Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Paladin Energy lagged returns against current returns
Autocorrelation, which is Paladin Energy 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paladin Energy 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 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 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 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 |
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Additional Tools for Paladin Stock Analysis
When running Paladin Energy's price analysis, check to measure Paladin Energy'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 Paladin Energy is operating at the current time. Most of Paladin Energy's value examination focuses on studying past and present price action to predict the probability of Paladin Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paladin Energy's price. Additionally, you may evaluate how the addition of Paladin Energy to your portfolios can decrease your overall portfolio volatility.