Paypal Holdings Cdr Stock Market Value
| PYPL Stock | 6.44 0.02 0.31% |
| Symbol | PayPal |
PayPal Holdings '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 PayPal Holdings' 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 PayPal Holdings.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PayPal Holdings on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding PayPal Holdings CDR or generate 0.0% return on investment in PayPal Holdings over 30 days. PayPal Holdings is related to or competes with Apple, NVIDIA CDR, Microsoft Corp, Amazon CDR, Alphabet, Meta Platforms, and Berkshire Hathaway. PayPal Holdings is entity of Canada. It is traded as Stock on NEO exchange. More
PayPal Holdings 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 PayPal Holdings' 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 PayPal Holdings CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0907 | |||
| Maximum Drawdown | 10.2 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.46 |
PayPal Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PayPal Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PayPal Holdings' standard deviation. In reality, there are many statistical measures that can use PayPal Holdings historical prices to predict the future PayPal Holdings' volatility.| Risk Adjusted Performance | 0.1275 | |||
| Jensen Alpha | 0.2292 | |||
| Total Risk Alpha | 0.0051 | |||
| Sortino Ratio | 0.0905 | |||
| Treynor Ratio | 0.6136 |
PayPal Holdings CDR Backtested Returns
PayPal Holdings appears to be somewhat reliable, given 3 months investment horizon. PayPal Holdings CDR maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PayPal Holdings CDR, which you can use to evaluate the volatility of the company. Please evaluate PayPal Holdings' Coefficient Of Variation of 629.94, semi deviation of 1.59, and Risk Adjusted Performance of 0.1275 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PayPal Holdings holds a performance score of 12. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PayPal Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding PayPal Holdings is expected to be smaller as well. Please check PayPal Holdings' potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether PayPal Holdings' historical price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
PayPal Holdings CDR has modest predictability. Overlapping area represents the amount of predictability between PayPal Holdings 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 PayPal Holdings CDR price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current PayPal Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PayPal Holdings CDR lagged returns against current returns
Autocorrelation, which is PayPal Holdings 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 PayPal Holdings' stock expected returns. We can calculate the autocorrelation of PayPal Holdings returns to help us make a trade decision. For example, suppose you find that PayPal Holdings 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 |
PayPal Holdings 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 PayPal Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PayPal Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PayPal Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
PayPal Holdings Lagged Returns
When evaluating PayPal Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PayPal Holdings stock have on its future price. PayPal Holdings 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, PayPal Holdings autocorrelation shows the relationship between PayPal Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in PayPal Holdings CDR.
Regressed Prices |
| Timeline |
Pair Trading with PayPal Holdings
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 PayPal Holdings 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 PayPal Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with PayPal Stock
| 0.72 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.77 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.75 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.75 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against PayPal Stock
| 0.36 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to PayPal Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PayPal Holdings 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 PayPal Holdings - 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 PayPal Holdings CDR to buy it.
The correlation of PayPal Holdings 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 PayPal Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PayPal Holdings CDR 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 PayPal Holdings 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 PayPal Stock
PayPal Holdings financial ratios help investors to determine whether PayPal Stock 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 PayPal with respect to the benefits of owning PayPal Holdings security.