Paragon 28 Stock Market Value
| FNA Stock | USD 8.25 1.25 13.16% |
| Symbol | Paragon |
Paragon 28 Price To Book Ratio
Is Paragon 28'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 Paragon 28. If investors know Paragon 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 Paragon 28 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 2.718 | Quarterly Revenue Growth 0.174 | Return On Assets (0.08) | Return On Equity (0.29) |
The market value of Paragon 28 is measured differently than its book value, which is the value of Paragon that is recorded on the company's balance sheet. Investors also form their own opinion of Paragon 28's value that differs from its market value or its book value, called intrinsic value, which is Paragon 28'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 Paragon 28's market value can be influenced by many factors that don't directly affect Paragon 28'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 Paragon 28's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paragon 28 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paragon 28'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.
Paragon 28 '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 Paragon 28'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 Paragon 28.
| 05/21/2022 |
| 05/10/2024 |
If you would invest 0.00 in Paragon 28 on May 21, 2022 and sell it all today you would earn a total of 0.00 from holding Paragon 28 or generate 0.0% return on investment in Paragon 28 over 720 days. Paragon 28 is related to or competes with PulmonxCorp, Iradimed, Orthofix Medical, Neuropace, Integer Holdings, Glaukos Corp, and Orthopediatrics Corp. Paragon 28, Inc. designs, develops, distributes, and sells foot and ankle surgical systems in the United States and inte... More
Paragon 28 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 Paragon 28'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 Paragon 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 31.62 | |||
| Value At Risk | (7.51) | |||
| Potential Upside | 7.78 |
Paragon 28 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paragon 28's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paragon 28's standard deviation. In reality, there are many statistical measures that can use Paragon 28 historical prices to predict the future Paragon 28's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paragon 28'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.
Paragon 28 Backtested Returns
Paragon 28 maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Paragon 28 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paragon 28's Coefficient Of Variation of (785.60), risk adjusted performance of (0.07), and Variance of 24.12 to confirm the risk estimate we provide. The company holds a Beta of 2.59, 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, Paragon 28 will likely underperform. Paragon 28 has an expected return of -0.79%. Please make sure to check Paragon 28 accumulation distribution, and the relationship between the potential upside and day median price , to decide if Paragon 28 performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Paragon 28 has insignificant reverse predictability. Overlapping area represents the amount of predictability between Paragon 28 time series from 21st of May 2022 to 16th of May 2023 and 16th of May 2023 to 10th of May 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 Paragon 28 price movement. The serial correlation of -0.16 indicates that over 16.0% of current Paragon 28 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 9.17 |
Paragon 28 lagged returns against current returns
Autocorrelation, which is Paragon 28 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 Paragon 28's stock expected returns. We can calculate the autocorrelation of Paragon 28 returns to help us make a trade decision. For example, suppose you find that Paragon 28 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 |
Paragon 28 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 Paragon 28 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paragon 28 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paragon 28 stock over time.
Current vs Lagged Prices |
| Timeline |
Paragon 28 Lagged Returns
When evaluating Paragon 28's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paragon 28 stock have on its future price. Paragon 28 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, Paragon 28 autocorrelation shows the relationship between Paragon 28 stock current value and its past values and can show if there is a momentum factor associated with investing in Paragon 28.
Regressed Prices |
| Timeline |
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Complementary Tools for Paragon Stock analysis
When running Paragon 28's price analysis, check to measure Paragon 28'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 Paragon 28 is operating at the current time. Most of Paragon 28's value examination focuses on studying past and present price action to predict the probability of Paragon 28's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paragon 28's price. Additionally, you may evaluate how the addition of Paragon 28 to your portfolios can decrease your overall portfolio volatility.
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Paragon 28 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.