PARKEN Sport (Germany) Market Value
| D2V Stock | EUR 16.05 0.10 0.62% |
| Symbol | PARKEN |
PARKEN Sport '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 PARKEN Sport'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 PARKEN Sport.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in PARKEN Sport on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding PARKEN Sport Entertainment or generate 0.0% return on investment in PARKEN Sport over 180 days. PARKEN Sport is related to or competes with PennantPark Investment, Japan Tobacco, BORR DRILLING, Virtus Investment, WisdomTree Investments, and Genco Shipping. PARKEN Sport Entertainment AS operates in the sports and entertainment industry in Denmark More
PARKEN Sport 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 PARKEN Sport'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 PARKEN Sport Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.66 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 1.68 |
PARKEN Sport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARKEN Sport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARKEN Sport's standard deviation. In reality, there are many statistical measures that can use PARKEN Sport historical prices to predict the future PARKEN Sport's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.1061 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.18) |
PARKEN Sport Enterta Backtested Returns
At this point, PARKEN Sport is not too volatile. PARKEN Sport Enterta maintains Sharpe Ratio (i.e., Efficiency) of 0.0446, which implies the company had a 0.0446% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for PARKEN Sport Enterta, which you can use to evaluate the volatility of the entity. Please check PARKEN Sport's Mean Deviation of 1.14, coefficient of variation of 2879.98, and Market Risk Adjusted Performance of (0.17) to confirm if the risk estimate we provide is consistent with the expected return of 0.0975%. PARKEN Sport has a performance score of 3 on a scale of 0 to 100. The firm holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PARKEN Sport are expected to decrease at a much lower rate. During the bear market, PARKEN Sport is likely to outperform the market. PARKEN Sport Enterta currently holds a risk of 2.19%. Please check PARKEN Sport Enterta jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if PARKEN Sport Enterta will be following its historical price patterns.
Auto-correlation | 0.65 |
Good predictability
PARKEN Sport Entertainment has good predictability. Overlapping area represents the amount of predictability between PARKEN Sport time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 PARKEN Sport Enterta price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current PARKEN Sport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
PARKEN Sport Enterta lagged returns against current returns
Autocorrelation, which is PARKEN Sport 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 PARKEN Sport's stock expected returns. We can calculate the autocorrelation of PARKEN Sport returns to help us make a trade decision. For example, suppose you find that PARKEN Sport 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 |
PARKEN Sport 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 PARKEN Sport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARKEN Sport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARKEN Sport stock over time.
Current vs Lagged Prices |
| Timeline |
PARKEN Sport Lagged Returns
When evaluating PARKEN Sport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARKEN Sport stock have on its future price. PARKEN Sport 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, PARKEN Sport autocorrelation shows the relationship between PARKEN Sport stock current value and its past values and can show if there is a momentum factor associated with investing in PARKEN Sport Entertainment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.