Pax Global Technology Stock Market Value
| PXGYF Stock | USD 0.65 0.01 1.52% |
| Symbol | PAX |
PAX Global '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 PAX Global's 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 PAX Global.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in PAX Global on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding PAX Global Technology or generate 0.0% return on investment in PAX Global over 360 days. PAX Global is related to or competes with Acco Brands, HNI Corp, Steelcase, and Ennis. PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds tr... More
PAX Global 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 PAX Global's 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 PAX Global Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.76 | |||
| Information Ratio | 0.0754 | |||
| Maximum Drawdown | 26.44 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 11.76 |
PAX Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAX Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PAX Global's standard deviation. In reality, there are many statistical measures that can use PAX Global historical prices to predict the future PAX Global's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | 0.3335 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0588 | |||
| Treynor Ratio | 0.4332 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PAX Global'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.
PAX Global Technology Backtested Returns
PAX Global appears to be abnormally volatile, given 3 months investment horizon. PAX Global Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0616, which implies the company had a 0.0616% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for PAX Global Technology, which you can use to evaluate the volatility of the entity. Please evaluate PAX Global's Coefficient Of Variation of 969.53, mean deviation of 2.44, and Market Risk Adjusted Performance of 0.4432 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PAX Global holds a performance score of 4. The firm holds a Beta of 1.05, which implies a somewhat significant risk relative to the market. PAX Global returns are very sensitive to returns on the market. As the market goes up or down, PAX Global is expected to follow. Please check PAX Global's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether PAX Global's historical price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
PAX Global Technology has weak reverse predictability. Overlapping area represents the amount of predictability between PAX Global time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 PAX Global Technology price movement. The serial correlation of -0.24 indicates that over 24.0% of current PAX Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
PAX Global Technology lagged returns against current returns
Autocorrelation, which is PAX Global 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 PAX Global's pink sheet expected returns. We can calculate the autocorrelation of PAX Global returns to help us make a trade decision. For example, suppose you find that PAX Global 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 |
PAX Global 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 PAX Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PAX Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PAX Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PAX Global Lagged Returns
When evaluating PAX Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PAX Global pink sheet have on its future price. PAX Global 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, PAX Global autocorrelation shows the relationship between PAX Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PAX Global Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PAX Pink Sheet
PAX Global financial ratios help investors to determine whether PAX Pink Sheet 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 PAX with respect to the benefits of owning PAX Global security.