PennantPark Floating (Israel) Market Value
| PFLT Stock | ILA 41.73 0.00 0.00% |
| Symbol | PennantPark |
PennantPark Floating '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 PennantPark Floating'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 PennantPark Floating.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in PennantPark Floating on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding PennantPark Floating Rate or generate 0.0% return on investment in PennantPark Floating over 510 days. PennantPark Floating is related to or competes with First International, Mivtach Shamir, Atreyu Capital, IDI Insurance, and Peninsula. PennantPark Floating Rate Capital Ltd. is a business development company More
PennantPark Floating 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 PennantPark Floating'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 PennantPark Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2356 | |||
| Maximum Drawdown | 32.61 | |||
| Potential Upside | 32.55 |
PennantPark Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PennantPark Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PennantPark Floating's standard deviation. In reality, there are many statistical measures that can use PennantPark Floating historical prices to predict the future PennantPark Floating's volatility.| Risk Adjusted Performance | 0.2017 | |||
| Jensen Alpha | 1.91 | |||
| Total Risk Alpha | 0.7484 | |||
| Treynor Ratio | 4.02 |
PennantPark Floating Rate Backtested Returns
PennantPark Floating is not too volatile given 3 months investment horizon. PennantPark Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We were able to analyze seventeen different technical indicators, which can help you to evaluate if expected returns of 2.17% are justified by taking the suggested risk. Use PennantPark Floating Risk Adjusted Performance of 0.2017, variance of 61.33, and Coefficient Of Variation of 396.72 to evaluate company specific risk that cannot be diversified away. PennantPark Floating holds a performance score of 20 on a scale of zero to a hundred. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PennantPark Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding PennantPark Floating is expected to be smaller as well. Use PennantPark Floating potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to analyze future returns on PennantPark Floating.
Auto-correlation | -0.46 |
Modest reverse predictability
PennantPark Floating Rate has modest reverse predictability. Overlapping area represents the amount of predictability between PennantPark Floating time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 PennantPark Floating Rate price movement. The serial correlation of -0.46 indicates that about 46.0% of current PennantPark Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 46.9 K |
PennantPark Floating Rate lagged returns against current returns
Autocorrelation, which is PennantPark Floating 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 PennantPark Floating's stock expected returns. We can calculate the autocorrelation of PennantPark Floating returns to help us make a trade decision. For example, suppose you find that PennantPark Floating 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 |
PennantPark Floating 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 PennantPark Floating stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PennantPark Floating stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PennantPark Floating stock over time.
Current vs Lagged Prices |
| Timeline |
PennantPark Floating Lagged Returns
When evaluating PennantPark Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PennantPark Floating stock have on its future price. PennantPark Floating 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, PennantPark Floating autocorrelation shows the relationship between PennantPark Floating stock current value and its past values and can show if there is a momentum factor associated with investing in PennantPark Floating Rate.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in PennantPark Stock
When determining whether PennantPark Floating Rate is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennantPark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennantpark Floating Rate Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Floating Rate Stock:Check out PennantPark Floating Correlation, PennantPark Floating Volatility and PennantPark Floating Alpha and Beta module to complement your research on PennantPark Floating. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
PennantPark Floating 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.