Parkit Enterprise Stock Market Value
| PKT Stock | CAD 0.67 0.01 1.52% |
| Symbol | Parkit |
Parkit Enterprise Price To Book Ratio
Parkit Enterprise '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 Parkit Enterprise'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 Parkit Enterprise.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Parkit Enterprise on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Parkit Enterprise or generate 0.0% return on investment in Parkit Enterprise over 420 days. Parkit Enterprise is related to or competes with Thunderbird Entertainment, Storage Vault, Westbond Enterprises, Gatekeeper Systems, and Nubeva Technologies. Parkit Enterprise Inc. is a real estate investment firm specializing in acquisition and operation of income-producing pa... More
Parkit Enterprise 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 Parkit Enterprise'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 Parkit Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.55 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 32.81 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 8.06 |
Parkit Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parkit Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parkit Enterprise's standard deviation. In reality, there are many statistical measures that can use Parkit Enterprise historical prices to predict the future Parkit Enterprise's volatility.| Risk Adjusted Performance | 0.0773 | |||
| Jensen Alpha | 0.4595 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0468 | |||
| Treynor Ratio | (0.58) |
Parkit Enterprise Backtested Returns
Parkit Enterprise appears to be abnormally volatile, given 3 months investment horizon. Parkit Enterprise maintains Sharpe Ratio (i.e., Efficiency) of 0.0928, which implies the firm had a 0.0928% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parkit Enterprise, which you can use to evaluate the volatility of the company. Please evaluate Parkit Enterprise's Coefficient Of Variation of 1106.54, risk adjusted performance of 0.0773, and Semi Deviation of 3.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Parkit Enterprise holds a performance score of 7. The company holds a Beta of -0.66, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Parkit Enterprise are expected to decrease at a much lower rate. During the bear market, Parkit Enterprise is likely to outperform the market. Please check Parkit Enterprise's value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Parkit Enterprise's historical price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Parkit Enterprise has virtually no predictability. Overlapping area represents the amount of predictability between Parkit Enterprise time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 Parkit Enterprise price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Parkit Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Parkit Enterprise lagged returns against current returns
Autocorrelation, which is Parkit Enterprise 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 Parkit Enterprise's stock expected returns. We can calculate the autocorrelation of Parkit Enterprise returns to help us make a trade decision. For example, suppose you find that Parkit Enterprise 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 |
Parkit Enterprise 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 Parkit Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parkit Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parkit Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Parkit Enterprise Lagged Returns
When evaluating Parkit Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parkit Enterprise stock have on its future price. Parkit Enterprise 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, Parkit Enterprise autocorrelation shows the relationship between Parkit Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Parkit Enterprise.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Parkit Stock Analysis
When running Parkit Enterprise's price analysis, check to measure Parkit Enterprise'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 Parkit Enterprise is operating at the current time. Most of Parkit Enterprise's value examination focuses on studying past and present price action to predict the probability of Parkit Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkit Enterprise's price. Additionally, you may evaluate how the addition of Parkit Enterprise to your portfolios can decrease your overall portfolio volatility.