Penske Automotive Stock Forecast - Daily Balance Of Power
| PAG Stock | USD 166.54 0.24 0.14% |
Penske Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Penske Automotive's historical fundamentals, such as revenue growth or operating cash flow patterns.
Penske |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5191 | (0.32) |
| Check Penske Automotive Volatility | Backtest Penske Automotive | Trend Details |
Penske Automotive Trading Date Momentum
| On May 25 2023 Penske Automotive Group was traded for 137.58 at the closing time. Highest Penske Automotive's price during the trading hours was 138.13 and the lowest price during the day was 134.22 . The net volume was 213.4 K. The overall trading history on the 25th of May contributed to the next trading period price rise. The trading delta at closing time to the next next day price was 0.50% . The trading delta at closing time to current price is 0.30% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Penske Automotive to competition |
Other Forecasting Options for Penske Automotive
For every potential investor in Penske, whether a beginner or expert, Penske Automotive's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Penske Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Penske. Basic forecasting techniques help filter out the noise by identifying Penske Automotive's price trends.Penske Automotive Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Penske Automotive stock to make a market-neutral strategy. Peer analysis of Penske Automotive could also be used in its relative valuation, which is a method of valuing Penske Automotive by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Penske Automotive Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Penske Automotive's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Penske Automotive's current price.| Cycle Indicators | ||
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| Volume Indicators |
Penske Automotive Market Strength Events
Market strength indicators help investors to evaluate how Penske Automotive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Penske Automotive shares will generate the highest return on investment. By undertsting and applying Penske Automotive stock market strength indicators, traders can identify Penske Automotive Group entry and exit signals to maximize returns.
| Accumulation Distribution | 1280.37 | |||
| Daily Balance Of Power | (0.12) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 167.56 | |||
| Day Typical Price | 167.22 | |||
| Price Action Indicator | (1.14) | |||
| Period Momentum Indicator | (0.24) | |||
| Relative Strength Index | 63.39 |
Penske Automotive Risk Indicators
The analysis of Penske Automotive's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Penske Automotive's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting penske stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.19 | |||
| Semi Deviation | 1.48 | |||
| Standard Deviation | 1.6 | |||
| Variance | 2.57 | |||
| Downside Variance | 2.34 | |||
| Semi Variance | 2.19 | |||
| Expected Short fall | (1.32) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether Penske Automotive is a strong investment it is important to analyze Penske Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Penske Automotive's future performance. For an informed investment choice regarding Penske Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Penske Automotive to cross-verify your projections. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Automotive Retail space 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 Penske Automotive. If investors know Penske 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 Penske Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 4.09 | Earnings Share 13.06 | Revenue Per Share 447.96 | Quarterly Revenue Growth 0.019 |
The market value of Penske Automotive is measured differently than its book value, which is the value of Penske that is recorded on the company's balance sheet. Investors also form their own opinion of Penske Automotive's value that differs from its market value or its book value, called intrinsic value, which is Penske Automotive'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 Penske Automotive's market value can be influenced by many factors that don't directly affect Penske Automotive'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 Penske Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penske Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penske Automotive'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.