Palm Hills' market value is the price at which a share of Palm Hills trades on a public exchange. It measures the collective expectations of Palm Hills Development investors about its performance. Palm Hills is trading at 5.41 as of the 29th of November 2024. This is a 0.73% down since the beginning of the trading day. The stock's lowest day price was 5.4. With this module, you can estimate the performance of a buy and hold strategy of Palm Hills Development and determine expected loss or profit from investing in Palm Hills over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Palm
Palm Hills '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 Palm Hills' 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 Palm Hills.
0.00
10/30/2024
No Change 0.00
0.0
In 31 days
11/29/2024
0.00
If you would invest 0.00 in Palm Hills on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Palm Hills Development or generate 0.0% return on investment in Palm Hills over 30 days.
Palm Hills 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 Palm Hills' 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 Palm Hills Development upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palm Hills' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palm Hills' standard deviation. In reality, there are many statistical measures that can use Palm Hills historical prices to predict the future Palm Hills' volatility.
Palm Hills Development maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Palm Hills Development exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Palm Hills' Coefficient Of Variation of 938.36, risk adjusted performance of 0.0894, and Semi Deviation of 2.89 to confirm the risk estimate we provide. The company holds a Beta of 0.0924, which implies not very significant fluctuations relative to the market. As returns on the market increase, Palm Hills' returns are expected to increase less than the market. However, during the bear market, the loss of holding Palm Hills is expected to be smaller as well. At this point, Palm Hills Development has a negative expected return of -0.34%. Please make sure to check Palm Hills' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Palm Hills Development performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.79
Almost perfect reverse predictability
Palm Hills Development has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Palm Hills time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Palm Hills Development price movement. The serial correlation of -0.79 indicates that around 79.0% of current Palm Hills price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.79
Spearman Rank Test
-0.49
Residual Average
0.0
Price Variance
0.02
Palm Hills Development lagged returns against current returns
Autocorrelation, which is Palm Hills 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 Palm Hills' stock expected returns. We can calculate the autocorrelation of Palm Hills returns to help us make a trade decision. For example, suppose you find that Palm Hills 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
Palm Hills 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 Palm Hills stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palm Hills stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palm Hills stock over time.
Current vs Lagged Prices
Timeline
Palm Hills Lagged Returns
When evaluating Palm Hills' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palm Hills stock have on its future price. Palm Hills 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, Palm Hills autocorrelation shows the relationship between Palm Hills stock current value and its past values and can show if there is a momentum factor associated with investing in Palm Hills Development.
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.