PARKEN Financial Statements From 2010 to 2024
| PARKEN Stock | DKK 121.00 1.00 0.83% |
Check PARKEN Sport financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PARKEN Sport's main balance sheet or income statement drivers, such as , as well as many indicators such as . PARKEN financial statements analysis is a perfect complement when working with PARKEN Sport Valuation or Volatility modules.
PARKEN |
PARKEN Sport Entertainment Company Return On Equity Analysis
PARKEN Sport's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current PARKEN Sport Return On Equity | 0.13 |
Most of PARKEN Sport's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, PARKEN Sport Entertainment is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, PARKEN Sport Entertainment has a Return On Equity of 0.1298. This is 96.39% lower than that of the Hotels, Restaurants & Leisure sector and 121.28% lower than that of the Consumer Discretionary industry. The return on equity for all Denmark stocks is 141.87% lower than that of the firm.
PARKEN Sport Enterta Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining PARKEN Sport's current stock value. Our valuation model uses many indicators to compare PARKEN Sport value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across PARKEN Sport competition to find correlations between indicators driving PARKEN Sport's intrinsic value. More Info.PARKEN Sport Entertainment is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.30 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for PARKEN Sport Entertainment is roughly 3.36 . Comparative valuation analysis is a catch-all model that can be used if you cannot value PARKEN Sport by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for PARKEN Sport's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About PARKEN Sport Financial Statements
PARKEN Sport stakeholders use historical fundamental indicators, such as PARKEN Sport's revenue or net income, to determine how well the company is positioned to perform in the future. Although PARKEN Sport investors may analyze each financial statement separately, they are all interrelated. For example, changes in PARKEN Sport's assets and liabilities are reflected in the revenues and expenses on PARKEN Sport's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in PARKEN Sport Entertainment. Please read more on our technical analysis and fundamental analysis pages.
PARKEN Sport Entertainment AS operates in the sports industry in Denmark. The company was founded in 1991 and is based in Copenhagen, Denmark. PARKEN Sport operates under Hotels Travel And Leisure classification in Denmark and is traded on Copenhagen Stock Exchange.
Pair Trading with PARKEN Sport
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PARKEN Sport position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PARKEN Sport will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to PARKEN Sport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PARKEN Sport when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PARKEN Sport - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PARKEN Sport Entertainment to buy it.
The correlation of PARKEN Sport is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PARKEN Sport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PARKEN Sport Enterta moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PARKEN Sport can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in PARKEN Stock
PARKEN Sport financial ratios help investors to determine whether PARKEN 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 PARKEN with respect to the benefits of owning PARKEN Sport security.