Parkd (Australia) Market Value
| PKD Stock | 0.02 0 8.33% |
| Symbol | Parkd |
Parkd '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 Parkd'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 Parkd.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Parkd on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Parkd or generate 0.0% return on investment in Parkd over 90 days. Parkd is related to or competes with Audio Pixels, Iodm, and Regis Healthcare. Parkd is entity of Australia. It is traded as Stock on AU exchange. More
Parkd 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 Parkd'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 Parkd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.23 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 4.55 |
Parkd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parkd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parkd's standard deviation. In reality, there are many statistical measures that can use Parkd historical prices to predict the future Parkd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 0.3552 |
Parkd Backtested Returns
Parkd maintains Sharpe Ratio (i.e., Efficiency) of -0.0974, which implies the firm had a -0.0974% return per unit of risk over the last 3 months. Parkd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parkd's Risk Adjusted Performance of (0.07), coefficient of variation of (1,027), and Variance of 12.89 to confirm the risk estimate we provide. The company holds a Beta of -1.01, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Parkd are expected to decrease slowly. On the other hand, during market turmoil, Parkd is expected to outperform it slightly. At this point, Parkd has a negative expected return of -0.35%. Please make sure to check Parkd's maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if Parkd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Parkd has virtually no predictability. Overlapping area represents the amount of predictability between Parkd time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Parkd price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Parkd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Parkd lagged returns against current returns
Autocorrelation, which is Parkd 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 Parkd's stock expected returns. We can calculate the autocorrelation of Parkd returns to help us make a trade decision. For example, suppose you find that Parkd 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 |
Parkd 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 Parkd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parkd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parkd stock over time.
Current vs Lagged Prices |
| Timeline |
Parkd Lagged Returns
When evaluating Parkd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parkd stock have on its future price. Parkd 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, Parkd autocorrelation shows the relationship between Parkd stock current value and its past values and can show if there is a momentum factor associated with investing in Parkd.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Parkd Stock Analysis
When running Parkd's price analysis, check to measure Parkd's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parkd is operating at the current time. Most of Parkd's value examination focuses on studying past and present price action to predict the probability of Parkd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkd's price. Additionally, you may evaluate how the addition of Parkd to your portfolios can decrease your overall portfolio volatility.