Park Ohio Holdings Stock Market Value
| PKOH Stock | USD 24.88 0.51 2.01% |
| Symbol | Park |
Park Ohio Holdings 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 Park Ohio. If investors know Park 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 Park Ohio 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 (0.17) | Dividend Share 0.5 | Earnings Share 3.34 | Revenue Per Share | Quarterly Revenue Growth (0) |
The market value of Park Ohio Holdings is measured differently than its book value, which is the value of Park that is recorded on the company's balance sheet. Investors also form their own opinion of Park Ohio's value that differs from its market value or its book value, called intrinsic value, which is Park Ohio'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 Park Ohio's market value can be influenced by many factors that don't directly affect Park Ohio'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 Park Ohio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Park Ohio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park Ohio'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 Ohio '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 Ohio'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 Ohio.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Park Ohio on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Park Ohio Holdings or generate 0.0% return on investment in Park Ohio over 30 days. Park Ohio is related to or competes with Hurco Companies, Enerpac Tool, China Yuchai, Luxfer Holdings, Omega Flex, Gorman Rupp, and Kadant. Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured comp... More
Park Ohio 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 Ohio'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 Ohio Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 3.09 |
Park Ohio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Park Ohio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Park Ohio's standard deviation. In reality, there are many statistical measures that can use Park Ohio historical prices to predict the future Park Ohio's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.25) |
Park Ohio Holdings Backtested Returns
Park Ohio Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0652, which implies the firm had a -0.0652 % return per unit of risk over the last 3 months. Park Ohio Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Park Ohio's Risk Adjusted Performance of (0.05), coefficient of variation of (1,604), and Variance of 7.42 to confirm the risk estimate we provide. The company holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Park Ohio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Park Ohio is expected to be smaller as well. At this point, Park Ohio Holdings has a negative expected return of -0.18%. Please make sure to check Park Ohio's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Park Ohio Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Park Ohio Holdings has good predictability. Overlapping area represents the amount of predictability between Park Ohio time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Park Ohio Holdings price movement. The serial correlation of 0.7 indicates that around 70.0% of current Park Ohio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Park Ohio Holdings lagged returns against current returns
Autocorrelation, which is Park Ohio 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 Ohio's stock expected returns. We can calculate the autocorrelation of Park Ohio returns to help us make a trade decision. For example, suppose you find that Park Ohio 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 Ohio 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 Ohio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Park Ohio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Park Ohio stock over time.
Current vs Lagged Prices |
| Timeline |
Park Ohio Lagged Returns
When evaluating Park Ohio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Park Ohio stock have on its future price. Park Ohio 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 Ohio autocorrelation shows the relationship between Park Ohio stock current value and its past values and can show if there is a momentum factor associated with investing in Park Ohio Holdings.
Regressed Prices |
| Timeline |
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Check out Park Ohio Correlation, Park Ohio Volatility and Park Ohio Alpha and Beta module to complement your research on Park Ohio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Park Ohio 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.