Penn Average Inventory from 2010 to 2026
| PENN Stock | USD 13.48 0.40 2.88% |
Average Inventory | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
Check Penn National financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Penn National's main balance sheet or income statement drivers, such as Depreciation And Amortization of 523.6 M, Interest Expense of 568.1 M or Total Revenue of 7.9 B, as well as many indicators such as Price To Sales Ratio of 0.38, Dividend Yield of 0.0605 or PTB Ratio of 1.27. Penn financial statements analysis is a perfect complement when working with Penn National Valuation or Volatility modules.
Penn | Average Inventory | Build AI portfolio with Penn Stock |
Pair Trading with Penn National
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 Penn National 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 Penn National will appreciate offsetting losses from the drop in the long position's value.Moving against Penn Stock
| 0.61 | MTY | MTY Food Group Earnings Call This Week | PairCorr |
| 0.53 | YUMC | Yum China Holdings | PairCorr |
| 0.53 | RAVE | Rave Restaurant Group | PairCorr |
| 0.52 | MCD | McDonalds Earnings Call Today | PairCorr |
| 0.47 | SBUX | Starbucks | PairCorr |
The ability to find closely correlated positions to Penn National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penn National 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 Penn National - 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 Penn National Gaming to buy it.
The correlation of Penn National 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 Penn National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penn National Gaming 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 Penn National 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.Check out the analysis of Penn National Correlation against competitors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Will Hotels, Restaurants & Leisure sector continue expanding? Could Penn diversify its offerings? Factors like these will boost the valuation of Penn National. Anticipated expansion of Penn directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Penn National data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 2.089 | Earnings Share (6.08) | Revenue Per Share | Quarterly Revenue Growth 0.048 | Return On Assets |
Understanding Penn National Gaming requires distinguishing between market price and book value, where the latter reflects Penn's accounting equity. The concept of intrinsic value - what Penn National's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Penn National's price substantially above or below its fundamental value.
It's important to distinguish between Penn National's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Penn National should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Penn National's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.