Pason Systems Stock Market Value
| PSYTF Stock | USD 10.00 0.04 0.40% |
| Symbol | Pason |
Pason Systems '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 Pason Systems' otc 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 Pason Systems.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Pason Systems on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Pason Systems or generate 0.0% return on investment in Pason Systems over 30 days. Pason Systems is related to or competes with POSCO Holdings, Schweizerische Nationalbank, Berkshire Hathaway, Berkshire Hathaway, Hyundai, NAVER Corp, and KB Financial. Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Can... More
Pason Systems 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 Pason Systems' otc 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 Pason Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.32 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 3.31 |
Pason Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pason Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pason Systems' standard deviation. In reality, there are many statistical measures that can use Pason Systems historical prices to predict the future Pason Systems' volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.0296 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1851 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pason Systems' 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.
Pason Systems Backtested Returns
At this point, Pason Systems is not too volatile. Pason Systems maintains Sharpe Ratio (i.e., Efficiency) of 0.0372, which implies the firm had a 0.0372% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pason Systems, which you can use to evaluate the volatility of the company. Please check Pason Systems' Risk Adjusted Performance of 0.0444, coefficient of variation of 1861.31, and Semi Deviation of 1.24 to confirm if the risk estimate we provide is consistent with the expected return of 0.0619%. Pason Systems has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pason Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pason Systems is expected to be smaller as well. Pason Systems right now holds a risk of 1.66%. Please check Pason Systems potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Pason Systems will be following its historical price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Pason Systems has virtually no predictability. Overlapping area represents the amount of predictability between Pason Systems time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Pason Systems price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Pason Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pason Systems lagged returns against current returns
Autocorrelation, which is Pason Systems otc 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 Pason Systems' otc stock expected returns. We can calculate the autocorrelation of Pason Systems returns to help us make a trade decision. For example, suppose you find that Pason Systems has exhibited high autocorrelation historically, and you observe that the otc 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 |
Pason Systems 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 Pason Systems otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pason Systems otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pason Systems otc stock over time.
Current vs Lagged Prices |
| Timeline |
Pason Systems Lagged Returns
When evaluating Pason Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pason Systems otc stock have on its future price. Pason Systems 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, Pason Systems autocorrelation shows the relationship between Pason Systems otc stock current value and its past values and can show if there is a momentum factor associated with investing in Pason Systems.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pason OTC Stock
Pason Systems financial ratios help investors to determine whether Pason OTC 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 Pason with respect to the benefits of owning Pason Systems security.