Park Ohio Holdings Stock Market Value
| PKOH Stock | USD 33.04 0.76 2.35% |
| 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 130.779 | 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.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Park Ohio on February 29, 2024 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 270 days. Park Ohio is related to or competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. 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.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0394 | |||
| Maximum Drawdown | 19.17 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 2.93 |
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 | 0.0753 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0493 | |||
| Treynor Ratio | 0.0873 |
Park Ohio Holdings Backtested Returns
Park Ohio is very steady at the moment. Park Ohio Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.066, which implies the firm had a 0.066% return per unit of risk over the last 3 months. We have found thirty technical indicators for Park Ohio Holdings, which you can use to evaluate the volatility of the company. Please check Park Ohio's Semi Deviation of 1.88, coefficient of variation of 1123.87, and Risk Adjusted Performance of 0.0753 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Park Ohio has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 2.58, 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 Ohio will likely underperform. Park Ohio Holdings right now holds a risk of 2.61%. Please check Park Ohio Holdings potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Park Ohio Holdings will be following its historical price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Park Ohio Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Park Ohio time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Park Ohio Holdings price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Park Ohio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.41 |
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 |
Currently Active Assets on Macroaxis
When determining whether Park Ohio Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Park Ohio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Park Ohio Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Park Ohio Holdings Stock: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 Global Correlations module to find global opportunities by holding instruments from different markets.
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.