Parker Hannifin Stock Market Value
| PH Stock | USD 703.89 38.08 5.72% |
| Symbol | Parker |
Parker Hannifin Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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 0.07 | Earnings Share 24.21 | Revenue Per Share | Quarterly Revenue Growth 0.012 | Return On Assets |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin'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 Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin'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 Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin'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.
Parker Hannifin '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 Parker Hannifin'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 Parker Hannifin.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in Parker Hannifin on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Parker Hannifin or generate 0.0% return on investment in Parker Hannifin over 90 days. Parker Hannifin is related to or competes with Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, indus... More
Parker Hannifin 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 Parker Hannifin'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 Parker Hannifin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 11.9 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.81 |
Parker Hannifin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parker Hannifin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parker Hannifin's standard deviation. In reality, there are many statistical measures that can use Parker Hannifin historical prices to predict the future Parker Hannifin's volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.1377 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | 0.0798 | |||
| Treynor Ratio | 0.3274 |
Parker Hannifin Backtested Returns
Parker Hannifin is very steady at the moment. Parker Hannifin maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parker Hannifin, which you can use to evaluate the volatility of the company. Please check Parker Hannifin's Semi Deviation of 1.07, coefficient of variation of 849.26, and Risk Adjusted Performance of 0.1034 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Parker Hannifin has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parker Hannifin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parker Hannifin is expected to be smaller as well. Parker Hannifin right now holds a risk of 1.77%. Please check Parker Hannifin potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Parker Hannifin will be following its historical price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Parker Hannifin has poor reverse predictability. Overlapping area represents the amount of predictability between Parker Hannifin time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Parker Hannifin price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Parker Hannifin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 319.3 |
Parker Hannifin lagged returns against current returns
Autocorrelation, which is Parker Hannifin 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 Parker Hannifin's stock expected returns. We can calculate the autocorrelation of Parker Hannifin returns to help us make a trade decision. For example, suppose you find that Parker Hannifin 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 |
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Parker Hannifin 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 Parker Hannifin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parker Hannifin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parker Hannifin stock over time.
Current vs Lagged Prices |
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Parker Hannifin Lagged Returns
When evaluating Parker Hannifin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parker Hannifin stock have on its future price. Parker Hannifin 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, Parker Hannifin autocorrelation shows the relationship between Parker Hannifin stock current value and its past values and can show if there is a momentum factor associated with investing in Parker Hannifin.
Regressed Prices |
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Currently Active Assets on Macroaxis
Check out Parker Hannifin Correlation, Parker Hannifin Volatility and Parker Hannifin Alpha and Beta module to complement your research on Parker Hannifin. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Parker Hannifin 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.