Paradox Interactive (Sweden) Market Value
| PDX Stock | SEK 184.00 1.50 0.82% |
| Symbol | Paradox |
Paradox Interactive '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 Paradox Interactive'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 Paradox Interactive.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Paradox Interactive on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Paradox Interactive AB or generate 0.0% return on investment in Paradox Interactive over 30 days. Paradox Interactive is related to or competes with Flexion Mobile, IZafe Group, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, and EEducation Albert. Paradox Interactive AB develops and publishes games and brands for PC, mobile, and console platforms primarily in the Un... More
Paradox Interactive 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 Paradox Interactive'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 Paradox Interactive AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1347 | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 3.22 |
Paradox Interactive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradox Interactive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradox Interactive's standard deviation. In reality, there are many statistical measures that can use Paradox Interactive historical prices to predict the future Paradox Interactive's volatility.| Risk Adjusted Performance | 0.159 | |||
| Jensen Alpha | 0.43 | |||
| Total Risk Alpha | 0.0746 | |||
| Sortino Ratio | 0.1673 | |||
| Treynor Ratio | (1.32) |
Paradox Interactive Backtested Returns
Paradox Interactive appears to be very steady, given 3 months investment horizon. Paradox Interactive maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paradox Interactive, which you can use to evaluate the volatility of the company. Please evaluate Paradox Interactive's Risk Adjusted Performance of 0.159, semi deviation of 1.32, and Coefficient Of Variation of 502.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paradox Interactive holds a performance score of 17. The company holds a Beta of -0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Paradox Interactive are expected to decrease at a much lower rate. During the bear market, Paradox Interactive is likely to outperform the market. Please check Paradox Interactive's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Paradox Interactive's historical price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Paradox Interactive AB has modest predictability. Overlapping area represents the amount of predictability between Paradox Interactive time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Paradox Interactive price movement. The serial correlation of 0.53 indicates that about 53.0% of current Paradox Interactive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
Paradox Interactive lagged returns against current returns
Autocorrelation, which is Paradox Interactive 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 Paradox Interactive's stock expected returns. We can calculate the autocorrelation of Paradox Interactive returns to help us make a trade decision. For example, suppose you find that Paradox Interactive 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 |
Paradox Interactive 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 Paradox Interactive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradox Interactive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradox Interactive stock over time.
Current vs Lagged Prices |
| Timeline |
Paradox Interactive Lagged Returns
When evaluating Paradox Interactive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradox Interactive stock have on its future price. Paradox Interactive 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, Paradox Interactive autocorrelation shows the relationship between Paradox Interactive stock current value and its past values and can show if there is a momentum factor associated with investing in Paradox Interactive AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Paradox Stock Analysis
When running Paradox Interactive's price analysis, check to measure Paradox Interactive'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 Paradox Interactive is operating at the current time. Most of Paradox Interactive's value examination focuses on studying past and present price action to predict the probability of Paradox Interactive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paradox Interactive's price. Additionally, you may evaluate how the addition of Paradox Interactive to your portfolios can decrease your overall portfolio volatility.