Paramount Group Stock Market Value
| PGRE Stock | USD 4.61 0.04 0.88% |
| Symbol | Paramount |
Paramount Group Price To Book Ratio
Is Paramount's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paramount. If investors know Paramount will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paramount listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Dividend Share 0.183 | Earnings Share (1.20) | Revenue Per Share 2.174 | Quarterly Revenue Growth 0.291 |
The market value of Paramount Group is measured differently than its book value, which is the value of Paramount that is recorded on the company's balance sheet. Investors also form their own opinion of Paramount's value that differs from its market value or its book value, called intrinsic value, which is Paramount's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paramount's market value can be influenced by many factors that don't directly affect Paramount's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paramount's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paramount is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paramount's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Paramount '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 Paramount'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 Paramount.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Paramount on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Paramount Group or generate 0.0% return on investment in Paramount over 720 days. Paramount is related to or competes with Highwoods Properties, Piedmont Office, Douglas Emmett, Kilroy Realty, Brandywine Realty, City Office, and Cousins Properties. Headquartered in New York City, Paramount Group, Inc More
Paramount 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 Paramount'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 Paramount Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.73 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 3.06 |
Paramount Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramount's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramount's standard deviation. In reality, there are many statistical measures that can use Paramount historical prices to predict the future Paramount's volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0205 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paramount'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.
Paramount Group Backtested Returns
Paramount Group maintains Sharpe Ratio (i.e., Efficiency) of -0.033, which implies the firm had a -0.033% return per unit of risk over the last 3 months. Paramount Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paramount's Risk Adjusted Performance of 0.0216, semi deviation of 2.31, and Coefficient Of Variation of 4389.66 to confirm the risk estimate we provide. The company holds a Beta of 2.3, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paramount will likely underperform. Paramount Group has an expected return of -0.0758%. Please make sure to check Paramount Group expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Paramount Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Paramount Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Paramount time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Paramount Group price movement. The serial correlation of -0.19 indicates that over 19.0% of current Paramount price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Paramount Group lagged returns against current returns
Autocorrelation, which is Paramount 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 Paramount's stock expected returns. We can calculate the autocorrelation of Paramount returns to help us make a trade decision. For example, suppose you find that Paramount 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 |
Paramount 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 Paramount stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramount stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramount stock over time.
Current vs Lagged Prices |
| Timeline |
Paramount Lagged Returns
When evaluating Paramount's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramount stock have on its future price. Paramount 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, Paramount autocorrelation shows the relationship between Paramount stock current value and its past values and can show if there is a momentum factor associated with investing in Paramount Group.
Regressed Prices |
| Timeline |
Paramount Investors Sentiment
The influence of Paramount's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Paramount. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Paramount's public news can be used to forecast risks associated with an investment in Paramount. The trend in average sentiment can be used to explain how an investor holding Paramount can time the market purely based on public headlines and social activities around Paramount Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Paramount's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Paramount's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Paramount's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Paramount.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Paramount in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Paramount's short interest history, or implied volatility extrapolated from Paramount options trading.
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Check out Paramount Correlation, Paramount Volatility and Paramount Alpha and Beta module to complement your research on Paramount. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Paramount Stock analysis
When running Paramount's price analysis, check to measure Paramount's 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 Paramount is operating at the current time. Most of Paramount's value examination focuses on studying past and present price action to predict the probability of Paramount's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paramount's price. Additionally, you may evaluate how the addition of Paramount to your portfolios can decrease your overall portfolio volatility.
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Paramount technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.