Palladyne Ai Corp Stock Market Value
| PDYN Stock | 6.46 1.13 21.20% |
| Symbol | Palladyne |
Palladyne AI Corp Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Palladyne. If investors know Palladyne will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Palladyne listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.18) | Revenue Per Share 0.337 | Quarterly Revenue Growth 1.125 | Return On Assets (0.36) | Return On Equity (1.21) |
The market value of Palladyne AI Corp is measured differently than its book value, which is the value of Palladyne that is recorded on the company's balance sheet. Investors also form their own opinion of Palladyne's value that differs from its market value or its book value, called intrinsic value, which is Palladyne's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Palladyne's market value can be influenced by many factors that don't directly affect Palladyne's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Palladyne's value and its price as these two are different measures arrived at by different means. Investors typically determine if Palladyne is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palladyne's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Palladyne '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 Palladyne'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 Palladyne.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Palladyne on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Palladyne AI Corp or generate 0.0% return on investment in Palladyne over 390 days. Palladyne is related to or competes with Aldel Financial, Pintec Technology, Western Acquisition, Siriuspoint, Independence Realty, SEI Investments, and PennantPark Floating. Palladyne is entity of United States. It is traded as Stock on NASDAQ exchange. More
Palladyne 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 Palladyne'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 Palladyne AI Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.98 | |||
| Information Ratio | 0.1619 | |||
| Maximum Drawdown | 156.07 | |||
| Value At Risk | (8.07) | |||
| Potential Upside | 27.15 |
Palladyne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palladyne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palladyne's standard deviation. In reality, there are many statistical measures that can use Palladyne historical prices to predict the future Palladyne's volatility.| Risk Adjusted Performance | 0.1387 | |||
| Jensen Alpha | 2.59 | |||
| Total Risk Alpha | 0.0277 | |||
| Sortino Ratio | 0.4638 | |||
| Treynor Ratio | 0.553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Palladyne's 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.
Palladyne AI Corp Backtested Returns
Palladyne is abnormally volatile given 3 months investment horizon. Palladyne AI Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.59% are justified by taking the suggested risk. Use Palladyne Risk Adjusted Performance of 0.1387, semi deviation of 5.49, and Coefficient Of Variation of 592.35 to evaluate company specific risk that cannot be diversified away. Palladyne holds a performance score of 13 on a scale of zero to a hundred. The company holds a Beta of 6.08, 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, Palladyne will likely underperform. Use Palladyne expected short fall, and the relationship between the maximum drawdown and rate of daily change , to analyze future returns on Palladyne.
Auto-correlation | 0.30 |
Below average predictability
Palladyne AI Corp has below average predictability. Overlapping area represents the amount of predictability between Palladyne time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Palladyne AI Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Palladyne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Palladyne AI Corp lagged returns against current returns
Autocorrelation, which is Palladyne 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 Palladyne's stock expected returns. We can calculate the autocorrelation of Palladyne returns to help us make a trade decision. For example, suppose you find that Palladyne 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 |
Palladyne 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 Palladyne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palladyne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palladyne stock over time.
Current vs Lagged Prices |
| Timeline |
Palladyne Lagged Returns
When evaluating Palladyne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palladyne stock have on its future price. Palladyne 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, Palladyne autocorrelation shows the relationship between Palladyne stock current value and its past values and can show if there is a momentum factor associated with investing in Palladyne AI Corp.
Regressed Prices |
| Timeline |
Pair Trading with Palladyne
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 Palladyne 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 Palladyne will appreciate offsetting losses from the drop in the long position's value.Moving against Palladyne Stock
The ability to find closely correlated positions to Palladyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palladyne 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 Palladyne - 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 Palladyne AI Corp to buy it.
The correlation of Palladyne 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 Palladyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palladyne AI Corp 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 Palladyne 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.Check out Palladyne Correlation, Palladyne Volatility and Palladyne Alpha and Beta module to complement your research on Palladyne. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Palladyne technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.