PXGYF Story

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PXGYF -- USA Stock  

USD 1.13  0.01  0.89%

It looks as if PAX Global may not recover as fast as we have hopped for as its price went down 6.12% today. The entity current daily volatility is 4.52 percent, with a beta of 0.44 and an alpha of 0.18 over DOW. While some baby boomers are getting worried growing market volatility, it is reasonable to digest PAX Global Technolog based on its historical price movement. I will address the reasons why this entity does not get much respect from shareholders under the current market uncertainty.
Published over two weeks ago
View all stories for PAX Global | View All Stories
Is PAX Global (OTC:PXGYF) way too risky for millennials?
This firm classifies itself under Industrials sector and is part of Business Equipment & Supplies industry. The company has accumulated 16.09 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest PAX Global is not taking enough advantage from borrowing. PAX Global Technolog has a current ratio of 3.55, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due.
Investing in PAX Global, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding PAX Global along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of PAX Global's stock 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. Please use the tools below to analyze the current value of PAX Global in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PAX Global. Your research has to be compared to or analyzed against PAX Global's peers to derive any actionable benefits. When done correctly, PAX Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in PAX Global Technolog.

Watch out for price decline

Please consider monitoring PAX Global on a daily basis if you are holding a position in it. PAX Global is trading at a penny-stock level, and the possibility of delisting is much higher compared to other equities. However, just because the otc stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as PAX Global stock to be traded above the $1 level to remain listed. If PAX Global stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.

How important is PAX Global's Liquidity

PAX Global financial leverage refers to using borrowed capital as a funding source to finance PAX Global Technolog ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. PAX Global financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between PAX Global's total debt and its cash.

How PXGYF utilizes its cash?

To perform a cash flow analysis of PAX Global, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash PAX Global is receiving and how much cash it distributes out in a given period. The PAX Global cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

PAX Global Correlation with Peers

Investors in PXGYF can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in PAX Global Technolog. Diversification will allow for the same portfolio return with reduced risk. The correlation table of PAX Global and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities PXGYF is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of PXGYF for more details

Details

PAX Global appears to be extremely dangerous, given 1 month investment horizon. PAX Global Technolog maintains Sharpe Ratio (i.e. Efficiency) of 0.0649, which implies the company had 0.0649% of return per unit of standard deviation over the last month. Our approach into forecasting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for PAX Global Technolog, which you can use to evaluate future volatility of the entity. Please employ PAX Global Technolog Coefficient Of Variation of 1828.03, market risk adjusted performance of 0.5463, and Mean Deviation of 3.38 to confirm if our risk estimates are consistent with your expectations.
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Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Is PAX Global getting off balance?

PAX Global latest jensen alpha ascents over 0.18. PAX Global Technolog shows above-average downside volatility for the selected time horizon. We advise investors to inspect PAX Global Technolog further and ensure that all market timing and asset allocation strategies are consistent with the estimation of PAX Global future alpha. PAX Global Technolog is a potential penny stock. Although PAX Global may be in fact a good instrument to invest, many penny otc stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in PAX Global Technolog. We encourage investors to look for the signals such us email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on PXGYF instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of an artificial hype usually unable to maintain its increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.

Our Bottom Line On PAX Global Technolog

Although other entities in the business equipment & supplies industry are either recovering or due for a correction, PXGYF may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 29th of March 2021, we believe that at this point, PAX Global is overvalued with very low probability of distress within the next 2 years. Our latest buy-or-sell advice on the firm is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of PAX Global Technolog. Please refer to our Terms of Use for any information regarding our disclosure principles.

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