Paragon Technologies Stock Market Value
| PGNT Stock | USD 7.70 0.20 2.67% |
| Symbol | Paragon |
Paragon 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 Paragon Technologies' pink sheet 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 Technologies.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Paragon Technologies on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Paragon Technologies or generate 0.0% return on investment in Paragon Technologies over 180 days. Paragon Technologies is related to or competes with Surge Components, SCI Engineered, Ieh Corp, and Solitron Devices. Paragon Technologies, Inc., through its subsidiaries, engages in the material handling, distribution, and real estate ac... More
Paragon 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 Paragon Technologies' pink sheet 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 Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.0225 | |||
| Maximum Drawdown | 17.95 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 8.72 |
Paragon Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paragon Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paragon Technologies' standard deviation. In reality, there are many statistical measures that can use Paragon Technologies historical prices to predict the future Paragon Technologies' volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | 0.166 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0158 | |||
| Treynor Ratio | 0.7629 |
Paragon Technologies Backtested Returns
Paragon Technologies appears to be slightly risky, given 3 months investment horizon. Paragon Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0585, which implies the firm had a 0.0585% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paragon Technologies, which you can use to evaluate the volatility of the company. Please evaluate Paragon Technologies' Coefficient Of Variation of 1734.54, risk adjusted performance of 0.052, and Semi Deviation of 2.31 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paragon Technologies holds a performance score of 4. The company holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paragon Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Paragon Technologies is expected to be smaller as well. Please check Paragon 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 Paragon Technologies' historical price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Paragon Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Paragon Technologies time series from 1st of June 2024 to 30th of August 2024 and 30th of August 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 Paragon Technologies price movement. The serial correlation of -0.02 indicates that only 2.0% of current Paragon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Paragon Technologies lagged returns against current returns
Autocorrelation, which is Paragon Technologies pink sheet'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 Technologies' pink sheet expected returns. We can calculate the autocorrelation of Paragon Technologies returns to help us make a trade decision. For example, suppose you find that Paragon Technologies has exhibited high autocorrelation historically, and you observe that the pink sheet 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 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 Paragon Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paragon Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paragon Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Paragon Technologies Lagged Returns
When evaluating Paragon Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paragon Technologies pink sheet have on its future price. Paragon 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, Paragon Technologies autocorrelation shows the relationship between Paragon Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Paragon Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Paragon Pink Sheet Analysis
When running Paragon Technologies' price analysis, check to measure Paragon Technologies' 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 Paragon Technologies is operating at the current time. Most of Paragon Technologies' value examination focuses on studying past and present price action to predict the probability of Paragon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paragon Technologies' price. Additionally, you may evaluate how the addition of Paragon Technologies to your portfolios can decrease your overall portfolio volatility.