Park Aerospace (Germany) Market Value

PKE Stock  EUR 14.10  0.10  0.70%   
Park Aerospace's market value is the price at which a share of Park Aerospace trades on a public exchange. It measures the collective expectations of Park Aerospace Corp investors about its performance. Park Aerospace is trading at 14.10 as of the 11th of December 2024. This is a 0.7% down since the beginning of the trading day. The stock's lowest day price was 14.1.
With this module, you can estimate the performance of a buy and hold strategy of Park Aerospace Corp and determine expected loss or profit from investing in Park Aerospace over a given investment horizon. Check out Park Aerospace Correlation, Park Aerospace Volatility and Park Aerospace Alpha and Beta module to complement your research on Park Aerospace.
Symbol

Please note, there is a significant difference between Park Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine if Park Aerospace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park Aerospace'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.

Park Aerospace '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 Park Aerospace'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 Park Aerospace.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Park Aerospace on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Park Aerospace Corp or generate 0.0% return on investment in Park Aerospace over 30 days. Park Aerospace is related to or competes with Broadcom, JD SPORTS, EVS Broadcast, ANTA SPORTS, GOLD ROAD, and COPLAND ROAD. Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce compos... More

Park Aerospace 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 Park Aerospace'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 Park Aerospace Corp upside and downside potential and time the market with a certain degree of confidence.

Park Aerospace Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Park Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Park Aerospace's standard deviation. In reality, there are many statistical measures that can use Park Aerospace historical prices to predict the future Park Aerospace's volatility.
Hype
Prediction
LowEstimatedHigh
11.9414.1016.26
Details
Intrinsic
Valuation
LowRealHigh
11.3113.4715.63
Details
Naive
Forecast
LowNextHigh
11.4813.6515.81
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.9714.2214.47
Details

Park Aerospace Corp Backtested Returns

Park Aerospace appears to be not too volatile, given 3 months investment horizon. Park Aerospace Corp 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. We have found twenty-eight technical indicators for Park Aerospace Corp, which you can use to evaluate the volatility of the company. Please evaluate Park Aerospace's Risk Adjusted Performance of 0.1193, semi deviation of 1.14, and Coefficient Of Variation of 641.11 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Park Aerospace holds a performance score of 10. The company holds a Beta of 1.19, 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, Park Aerospace will likely underperform. Please check Park Aerospace's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Park Aerospace's historical price patterns will revert.

Auto-correlation

    
  -0.54  

Good reverse predictability

Park Aerospace Corp has good reverse predictability. Overlapping area represents the amount of predictability between Park Aerospace time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Park Aerospace Corp price movement. The serial correlation of -0.54 indicates that about 54.0% of current Park Aerospace price fluctuation can be explain by its past prices.
Correlation Coefficient-0.54
Spearman Rank Test-0.29
Residual Average0.0
Price Variance0.02

Park Aerospace Corp lagged returns against current returns

Autocorrelation, which is Park Aerospace 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 Park Aerospace's stock expected returns. We can calculate the autocorrelation of Park Aerospace returns to help us make a trade decision. For example, suppose you find that Park Aerospace 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  

Park Aerospace 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 Park Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Park Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Park Aerospace stock over time.
   Current vs Lagged Prices   
       Timeline  

Park Aerospace Lagged Returns

When evaluating Park Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Park Aerospace stock have on its future price. Park Aerospace 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, Park Aerospace autocorrelation shows the relationship between Park Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Park Aerospace Corp.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Park Stock

Park Aerospace financial ratios help investors to determine whether Park Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Park with respect to the benefits of owning Park Aerospace security.