Palfinger (Austria) Market Value
| PAL Stock | EUR 19.50 0.16 0.81% |
| Symbol | Palfinger |
Palfinger '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 Palfinger'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 Palfinger.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Palfinger on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Palfinger AG or generate 0.0% return on investment in Palfinger over 720 days. Palfinger is related to or competes with UNIQA Insurance, Oberbank, BKS Bank, AMAG Austria, Vienna Insurance, and Raiffeisen Bank. More
Palfinger 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 Palfinger'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 Palfinger AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 6.96 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.63 |
Palfinger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palfinger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palfinger's standard deviation. In reality, there are many statistical measures that can use Palfinger historical prices to predict the future Palfinger's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.81) |
Palfinger AG Backtested Returns
Palfinger AG maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Palfinger AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Palfinger's Variance of 1.34, coefficient of variation of (702.92), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Palfinger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Palfinger is expected to be smaller as well. At this point, Palfinger AG has a negative expected return of -0.16%. Please make sure to check Palfinger's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Palfinger AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Palfinger AG has average predictability. Overlapping area represents the amount of predictability between Palfinger time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Palfinger AG price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Palfinger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.94 |
Palfinger AG lagged returns against current returns
Autocorrelation, which is Palfinger 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 Palfinger's stock expected returns. We can calculate the autocorrelation of Palfinger returns to help us make a trade decision. For example, suppose you find that Palfinger 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 |
Palfinger 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 Palfinger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palfinger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palfinger stock over time.
Current vs Lagged Prices |
| Timeline |
Palfinger Lagged Returns
When evaluating Palfinger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palfinger stock have on its future price. Palfinger 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, Palfinger autocorrelation shows the relationship between Palfinger stock current value and its past values and can show if there is a momentum factor associated with investing in Palfinger AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Palfinger Stock
Palfinger financial ratios help investors to determine whether Palfinger 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 Palfinger with respect to the benefits of owning Palfinger security.