PARKWAY LIFE (Germany) Market Value
| 3P51 Stock | EUR 2.56 0.03 1.19% |
| Symbol | PARKWAY |
PARKWAY LIFE '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 PARKWAY LIFE'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 PARKWAY LIFE.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in PARKWAY LIFE on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding PARKWAY LIFE REAL or generate 0.0% return on investment in PARKWAY LIFE over 720 days. PARKWAY LIFE is related to or competes with Welltower, Sabra Health, National Health, GEO, and Universal Health. Parkway Life Real Estate Investment Trust is one of Asias largest listed healthcare REITs by asset size More
PARKWAY LIFE 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 PARKWAY LIFE'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 PARKWAY LIFE REAL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 4.0 |
PARKWAY LIFE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARKWAY LIFE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARKWAY LIFE's standard deviation. In reality, there are many statistical measures that can use PARKWAY LIFE historical prices to predict the future PARKWAY LIFE's volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 0.0692 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 7.56 |
PARKWAY LIFE REAL Backtested Returns
At this point, PARKWAY LIFE is moderately volatile. PARKWAY LIFE REAL maintains Sharpe Ratio (i.e., Efficiency) of 0.04, which implies the company had a 0.04% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for PARKWAY LIFE REAL, which you can use to evaluate the volatility of the entity. Please check PARKWAY LIFE's Coefficient Of Variation of 2500.78, market risk adjusted performance of 7.57, and Mean Deviation of 1.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.0803%. PARKWAY LIFE has a performance score of 3 on a scale of 0 to 100. The firm holds a Beta of 0.0093, which implies not very significant fluctuations relative to the market. As returns on the market increase, PARKWAY LIFE's returns are expected to increase less than the market. However, during the bear market, the loss of holding PARKWAY LIFE is expected to be smaller as well. PARKWAY LIFE REAL currently holds a risk of 2.01%. Please check PARKWAY LIFE REAL coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if PARKWAY LIFE REAL will be following its historical price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
PARKWAY LIFE REAL has weak reverse predictability. Overlapping area represents the amount of predictability between PARKWAY LIFE 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 PARKWAY LIFE REAL price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current PARKWAY LIFE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
PARKWAY LIFE REAL lagged returns against current returns
Autocorrelation, which is PARKWAY LIFE 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 PARKWAY LIFE's stock expected returns. We can calculate the autocorrelation of PARKWAY LIFE returns to help us make a trade decision. For example, suppose you find that PARKWAY LIFE 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 |
PARKWAY LIFE 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 PARKWAY LIFE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARKWAY LIFE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARKWAY LIFE stock over time.
Current vs Lagged Prices |
| Timeline |
PARKWAY LIFE Lagged Returns
When evaluating PARKWAY LIFE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARKWAY LIFE stock have on its future price. PARKWAY LIFE 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, PARKWAY LIFE autocorrelation shows the relationship between PARKWAY LIFE stock current value and its past values and can show if there is a momentum factor associated with investing in PARKWAY LIFE REAL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PARKWAY Stock
PARKWAY LIFE financial ratios help investors to determine whether PARKWAY 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 PARKWAY with respect to the benefits of owning PARKWAY LIFE security.