Paragon Union (Malaysia) Market Value
| 9407 Stock | 3.77 0.08 2.17% |
| Symbol | Paragon |
Paragon Union '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 Paragon Union'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 Paragon Union.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in Paragon Union on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Paragon Union Bhd or generate 0.0% return on investment in Paragon Union over 30 days. Paragon Union is related to or competes with Malayan Banking, Public Bank, Petronas Chemicals, Tenaga Nasional, IHH Healthcare, Hong Leong, and Press Metal. More
Paragon Union 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 Paragon Union'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 Paragon Union Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0105 | |||
| Maximum Drawdown | 21.66 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 5.0 |
Paragon Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paragon Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paragon Union's standard deviation. In reality, there are many statistical measures that can use Paragon Union historical prices to predict the future Paragon Union's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.0394 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0101 | |||
| Treynor Ratio | 0.1358 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paragon Union'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.
Paragon Union Bhd Backtested Returns
Paragon Union Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.0029, which implies the firm had a -0.0029% return per unit of risk over the last 3 months. Paragon Union Bhd exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paragon Union's Semi Deviation of 2.74, risk adjusted performance of 0.0184, and Coefficient Of Variation of 5983.27 to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paragon Union's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paragon Union is expected to be smaller as well. At this point, Paragon Union Bhd has a negative expected return of -0.0072%. Please make sure to check Paragon Union's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Paragon Union Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Paragon Union Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between Paragon Union time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 Paragon Union Bhd price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Paragon Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Paragon Union Bhd lagged returns against current returns
Autocorrelation, which is Paragon Union 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 Paragon Union's stock expected returns. We can calculate the autocorrelation of Paragon Union returns to help us make a trade decision. For example, suppose you find that Paragon Union 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 |
Paragon Union 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 Paragon Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paragon Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paragon Union stock over time.
Current vs Lagged Prices |
| Timeline |
Paragon Union Lagged Returns
When evaluating Paragon Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paragon Union stock have on its future price. Paragon Union 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, Paragon Union autocorrelation shows the relationship between Paragon Union stock current value and its past values and can show if there is a momentum factor associated with investing in Paragon Union Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Paragon Stock
Paragon Union financial ratios help investors to determine whether Paragon 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 Paragon with respect to the benefits of owning Paragon Union security.