Paccar (UK) Market Value
| 0KET Stock | 114.57 0.48 0.42% |
| Symbol | Paccar |
Paccar '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 Paccar'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 Paccar.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Paccar on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Paccar Inc or generate 0.0% return on investment in Paccar over 720 days. Paccar is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Paccar is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Paccar 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 Paccar'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 Paccar Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0874 | |||
| Maximum Drawdown | 10.64 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.14 |
Paccar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paccar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paccar's standard deviation. In reality, there are many statistical measures that can use Paccar historical prices to predict the future Paccar's volatility.| Risk Adjusted Performance | 0.1265 | |||
| Jensen Alpha | 0.124 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0875 | |||
| Treynor Ratio | 0.2144 |
Paccar Inc Backtested Returns
Paccar appears to be very steady, given 3 months investment horizon. Paccar Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Paccar Inc, which you can use to evaluate the volatility of the company. Please evaluate Paccar's Risk Adjusted Performance of 0.1265, coefficient of variation of 635.66, and Semi Deviation of 1.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paccar holds a performance score of 13. The company holds a Beta of 1.33, 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, Paccar will likely underperform. Please check Paccar's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Paccar's historical price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Paccar Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Paccar time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 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 Paccar Inc price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Paccar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 70.79 |
Paccar Inc lagged returns against current returns
Autocorrelation, which is Paccar 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 Paccar's stock expected returns. We can calculate the autocorrelation of Paccar returns to help us make a trade decision. For example, suppose you find that Paccar 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 |
Paccar 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 Paccar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paccar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paccar stock over time.
Current vs Lagged Prices |
| Timeline |
Paccar Lagged Returns
When evaluating Paccar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paccar stock have on its future price. Paccar 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, Paccar autocorrelation shows the relationship between Paccar stock current value and its past values and can show if there is a momentum factor associated with investing in Paccar Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Paccar Stock Analysis
When running Paccar's price analysis, check to measure Paccar'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 Paccar is operating at the current time. Most of Paccar's value examination focuses on studying past and present price action to predict the probability of Paccar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paccar's price. Additionally, you may evaluate how the addition of Paccar to your portfolios can decrease your overall portfolio volatility.