Parker Hannifin Stock Market Value
| PH Stock | USD 702.68 12.25 1.77% |
| 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 | Dividend Share 6.22 | Earnings Share 22.16 | Revenue Per Share 155.467 | Quarterly Revenue Growth 0.012 |
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.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Parker Hannifin on May 26, 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 180 days. Parker Hannifin is related to or competes with Illinois Tool, Pentair PLC, Emerson Electric, Smith AO, Dover, Eaton PLC, and Graco. 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 | 1.13 | |||
| Information Ratio | 0.121 | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 2.18 |
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 | 0.1441 | |||
| Jensen Alpha | 0.1379 | |||
| Total Risk Alpha | 0.0969 | |||
| Sortino Ratio | 0.1606 | |||
| Treynor Ratio | 0.1766 |
Parker Hannifin Backtested Returns
Parker Hannifin appears to be very steady, given 3 months investment horizon. Parker Hannifin maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parker Hannifin, which you can use to evaluate the volatility of the company. Please evaluate Parker Hannifin's Semi Deviation of 0.8303, coefficient of variation of 541.72, and Risk Adjusted Performance of 0.1441 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Parker Hannifin holds a performance score of 15. The company holds a Beta of 1.51, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Parker Hannifin will likely underperform. Please check Parker Hannifin's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Parker Hannifin's historical price patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Parker Hannifin has good predictability. Overlapping area represents the amount of predictability between Parker Hannifin time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 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 Parker Hannifin price movement. The serial correlation of 0.76 indicates that around 76.0% of current Parker Hannifin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1460.49 |
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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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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.