Paranovus Entertainment Technology Stock Market Value
| PAVS Stock | 1.10 0.09 8.91% |
| Symbol | Paranovus |
Paranovus Entertainment Price To Book Ratio
Is Paranovus Entertainment'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 Paranovus Entertainment. If investors know Paranovus 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 Paranovus Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (9.57) | Revenue Per Share 11.935 | Quarterly Revenue Growth (0.63) | Return On Assets (0.99) | Return On Equity (1.94) |
The market value of Paranovus Entertainment is measured differently than its book value, which is the value of Paranovus that is recorded on the company's balance sheet. Investors also form their own opinion of Paranovus Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Paranovus Entertainment'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 Paranovus Entertainment's market value can be influenced by many factors that don't directly affect Paranovus Entertainment'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 Paranovus Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paranovus Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paranovus Entertainment'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.
Paranovus Entertainment '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 Paranovus Entertainment'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 Paranovus Entertainment.
| 11/17/2023 |
| 05/15/2024 |
If you would invest 0.00 in Paranovus Entertainment on November 17, 2023 and sell it all today you would earn a total of 0.00 from holding Paranovus Entertainment Technology or generate 0.0% return on investment in Paranovus Entertainment over 180 days. Paranovus Entertainment is related to or competes with Kellanova, Lamb Weston, Central Garden, Farmmi, Farmer Bros, BG Foods, and BranchOut Food. Paranovus Entertainment is entity of United States More
Paranovus Entertainment 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 Paranovus Entertainment'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 Paranovus Entertainment Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 25.47 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 6.73 |
Paranovus Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paranovus Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paranovus Entertainment's standard deviation. In reality, there are many statistical measures that can use Paranovus Entertainment historical prices to predict the future Paranovus Entertainment's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (1.14) | |||
| Total Risk Alpha | (1.65) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paranovus Entertainment'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.
Paranovus Entertainment Backtested Returns
Paranovus Entertainment maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Paranovus Entertainment exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paranovus Entertainment's Coefficient Of Variation of (568.26), risk adjusted performance of (0.10), and Variance of 31.26 to confirm the risk estimate we provide. The company holds a Beta of 2.08, 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, Paranovus Entertainment will likely underperform. Paranovus Entertainment has an expected return of -1.13%. Please make sure to check Paranovus Entertainment total risk alpha and rate of daily change , to decide if Paranovus Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Paranovus Entertainment Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Paranovus Entertainment time series from 17th of November 2023 to 15th of February 2024 and 15th of February 2024 to 15th 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 Paranovus Entertainment price movement. The serial correlation of -0.19 indicates that over 19.0% of current Paranovus Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Paranovus Entertainment lagged returns against current returns
Autocorrelation, which is Paranovus Entertainment 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 Paranovus Entertainment's stock expected returns. We can calculate the autocorrelation of Paranovus Entertainment returns to help us make a trade decision. For example, suppose you find that Paranovus Entertainment 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 |
Paranovus Entertainment 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 Paranovus Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paranovus Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paranovus Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Paranovus Entertainment Lagged Returns
When evaluating Paranovus Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paranovus Entertainment stock have on its future price. Paranovus Entertainment 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, Paranovus Entertainment autocorrelation shows the relationship between Paranovus Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Paranovus Entertainment Technology.
Regressed Prices |
| Timeline |
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Check out Paranovus Entertainment Correlation, Paranovus Entertainment Volatility and Paranovus Entertainment Alpha and Beta module to complement your research on Paranovus Entertainment. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Paranovus Stock analysis
When running Paranovus Entertainment's price analysis, check to measure Paranovus Entertainment'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 Paranovus Entertainment is operating at the current time. Most of Paranovus Entertainment's value examination focuses on studying past and present price action to predict the probability of Paranovus Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paranovus Entertainment's price. Additionally, you may evaluate how the addition of Paranovus Entertainment to your portfolios can decrease your overall portfolio volatility.
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Paranovus Entertainment 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.