Penn National Gaming Stock Market Value
| PENN Stock | USD 21.17 0.65 3.17% |
| Symbol | Penn |
Penn National Gaming Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Penn National. If investors know Penn 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 Penn National 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 2.089 | Earnings Share (3.52) | Revenue Per Share 41.491 | Quarterly Revenue Growth 0.012 | Return On Assets (0.0008) |
The market value of Penn National Gaming is measured differently than its book value, which is the value of Penn that is recorded on the company's balance sheet. Investors also form their own opinion of Penn National's value that differs from its market value or its book value, called intrinsic value, which is Penn National'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 Penn National's market value can be influenced by many factors that don't directly affect Penn National'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 Penn National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penn National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn National'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.
Penn National '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 Penn National'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 Penn National.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Penn National on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Penn National Gaming or generate 0.0% return on investment in Penn National over 30 days. Penn National is related to or competes with DraftKings, MGM Resorts, Caesars Entertainment, Boyd Gaming, and Wynn Resorts. PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino ... More
Penn National 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 Penn National'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 Penn National Gaming upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 5.04 |
Penn National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penn National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penn National's standard deviation. In reality, there are many statistical measures that can use Penn National historical prices to predict the future Penn National's volatility.| Risk Adjusted Performance | 0.0402 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0893 |
Penn National Gaming Backtested Returns
As of now, Penn Stock is very steady. Penn National Gaming maintains Sharpe Ratio (i.e., Efficiency) of 0.0689, which implies the firm had a 0.0689% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Penn National Gaming, which you can use to evaluate the volatility of the company. Please check Penn National's Coefficient Of Variation of 2311.22, semi deviation of 2.06, and Risk Adjusted Performance of 0.0402 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Penn National has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 1.13, which implies a somewhat significant risk relative to the market. Penn National returns are very sensitive to returns on the market. As the market goes up or down, Penn National is expected to follow. Penn National Gaming right now holds a risk of 2.62%. Please check Penn National Gaming expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Penn National Gaming will be following its historical price patterns.
Auto-correlation | 0.68 |
Good predictability
Penn National Gaming has good predictability. Overlapping area represents the amount of predictability between Penn National time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Penn National Gaming price movement. The serial correlation of 0.68 indicates that around 68.0% of current Penn National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Penn National Gaming lagged returns against current returns
Autocorrelation, which is Penn National 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 Penn National's stock expected returns. We can calculate the autocorrelation of Penn National returns to help us make a trade decision. For example, suppose you find that Penn National 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 |
Penn National 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 Penn National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penn National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penn National stock over time.
Current vs Lagged Prices |
| Timeline |
Penn National Lagged Returns
When evaluating Penn National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penn National stock have on its future price. Penn National 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, Penn National autocorrelation shows the relationship between Penn National stock current value and its past values and can show if there is a momentum factor associated with investing in Penn National Gaming.
Regressed Prices |
| Timeline |
Pair Trading with Penn National
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Penn National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Penn National will appreciate offsetting losses from the drop in the long position's value.Moving together with Penn Stock
Moving against Penn Stock
The ability to find closely correlated positions to Penn National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penn National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Penn National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Penn National Gaming to buy it.
The correlation of Penn National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Penn National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penn National Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Penn National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Penn National Correlation, Penn National Volatility and Penn National Alpha and Beta module to complement your research on Penn National. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Penn National technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.