Payfare Stock Market Value
| PYFRF Stock | USD 1.57 0.01 0.63% |
| Symbol | Payfare |
Payfare '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 Payfare's 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 Payfare.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in Payfare on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Payfare or generate 0.0% return on investment in Payfare over 720 days. Payfare is related to or competes with Priority Technology, Repay Holdings, Radware, Global Blue, Optiva, Sangoma Technologies, and Evertec. Payfare Inc., a financial technology company, provides instant payment and digital banking solutions to gig economy work... More
Payfare 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 Payfare's 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 Payfare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 76.99 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.7 |
Payfare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payfare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payfare's standard deviation. In reality, there are many statistical measures that can use Payfare historical prices to predict the future Payfare's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (2.07) | |||
| Treynor Ratio | 5.54 |
Payfare Backtested Returns
Payfare maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Payfare exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Payfare's Coefficient Of Variation of (960.16), risk adjusted performance of (0.07), and Variance of 97.4 to confirm the risk estimate we provide. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payfare are expected to decrease at a much lower rate. During the bear market, Payfare is likely to outperform the market. At this point, Payfare has a negative expected return of -1.09%. Please make sure to check Payfare's total risk alpha, and the relationship between the standard deviation and kurtosis , to decide if Payfare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Payfare has good predictability. Overlapping area represents the amount of predictability between Payfare time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Payfare price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Payfare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
Payfare lagged returns against current returns
Autocorrelation, which is Payfare 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 Payfare's otc stock expected returns. We can calculate the autocorrelation of Payfare returns to help us make a trade decision. For example, suppose you find that Payfare 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 |
Payfare 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 Payfare otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payfare otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payfare otc stock over time.
Current vs Lagged Prices |
| Timeline |
Payfare Lagged Returns
When evaluating Payfare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payfare otc stock have on its future price. Payfare 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, Payfare autocorrelation shows the relationship between Payfare otc stock current value and its past values and can show if there is a momentum factor associated with investing in Payfare.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Payfare OTC Stock
Payfare financial ratios help investors to determine whether Payfare 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 Payfare with respect to the benefits of owning Payfare security.