Parazero Technologies Ltd Stock Market Value
| PRZO Stock | 0.63 0.05 8.62% |
| Symbol | ParaZero |
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 ParaZero Technologies. If investors know ParaZero 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 ParaZero Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ParaZero Technologies is measured differently than its book value, which is the value of ParaZero that is recorded on the company's balance sheet. Investors also form their own opinion of ParaZero Technologies' value that differs from its market value or its book value, called intrinsic value, which is ParaZero Technologies' 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 ParaZero Technologies' market value can be influenced by many factors that don't directly affect ParaZero Technologies' 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 ParaZero Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ParaZero Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ParaZero Technologies' 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.
ParaZero Technologies '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 ParaZero Technologies' 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 ParaZero Technologies.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in ParaZero Technologies on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding ParaZero Technologies Ltd or generate 0.0% return on investment in ParaZero Technologies over 300 days. ParaZero Technologies is related to or competes with Nextplat Corp, Infosys, Arrow Financial, PennantPark Floating, Encore Capital, and Cadence Design. More
ParaZero Technologies 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 ParaZero Technologies' 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 ParaZero Technologies Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.0407 | |||
| Maximum Drawdown | 26.11 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 5.36 |
ParaZero Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ParaZero Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ParaZero Technologies' standard deviation. In reality, there are many statistical measures that can use ParaZero Technologies historical prices to predict the future ParaZero Technologies' volatility.| Risk Adjusted Performance | 0.0643 | |||
| Jensen Alpha | 0.2185 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0464 | |||
| Treynor Ratio | 0.5578 |
ParaZero Technologies Backtested Returns
ParaZero Technologies appears to be abnormally volatile, given 3 months investment horizon. ParaZero Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0736, which implies the firm had a 0.0736% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ParaZero Technologies, which you can use to evaluate the volatility of the company. Please evaluate ParaZero Technologies' Risk Adjusted Performance of 0.0643, coefficient of variation of 1358.49, and Semi Deviation of 2.57 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ParaZero Technologies holds a performance score of 5. The company holds a Beta of 0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ParaZero Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding ParaZero Technologies is expected to be smaller as well. Please check ParaZero Technologies' downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether ParaZero Technologies' historical price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
ParaZero Technologies Ltd has very weak predictability. Overlapping area represents the amount of predictability between ParaZero Technologies time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 ParaZero Technologies price movement. The serial correlation of 0.17 indicates that over 17.0% of current ParaZero Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ParaZero Technologies lagged returns against current returns
Autocorrelation, which is ParaZero Technologies 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 ParaZero Technologies' stock expected returns. We can calculate the autocorrelation of ParaZero Technologies returns to help us make a trade decision. For example, suppose you find that ParaZero Technologies 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 |
ParaZero Technologies 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 ParaZero Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ParaZero Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ParaZero Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
ParaZero Technologies Lagged Returns
When evaluating ParaZero Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ParaZero Technologies stock have on its future price. ParaZero Technologies 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, ParaZero Technologies autocorrelation shows the relationship between ParaZero Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in ParaZero Technologies Ltd.
Regressed Prices |
| Timeline |
Pair Trading with ParaZero Technologies
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 ParaZero Technologies 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 ParaZero Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with ParaZero Stock
| 0.67 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against ParaZero Stock
| 0.37 | ASAN | Asana Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to ParaZero Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ParaZero Technologies 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 ParaZero Technologies - 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 ParaZero Technologies Ltd to buy it.
The correlation of ParaZero Technologies 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 ParaZero Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ParaZero Technologies 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 ParaZero Technologies 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 ParaZero Technologies Correlation, ParaZero Technologies Volatility and ParaZero Technologies Alpha and Beta module to complement your research on ParaZero Technologies. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
ParaZero Technologies 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.