Palfinger Ag Stock Market Value
| PLFRF Stock | USD 22.00 0.00 0.00% |
| Symbol | Palfinger |
Palfinger '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 Palfinger's pink sheet 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 Palfinger.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Palfinger on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Palfinger AG or generate 0.0% return on investment in Palfinger over 720 days. Palfinger is related to or competes with Buhler Industries, and Ag Growth. Palfinger AG produces and sells crane and lifting solutions worldwide More
Palfinger 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 Palfinger's pink sheet 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 Palfinger AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.78 |
Palfinger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palfinger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palfinger's standard deviation. In reality, there are many statistical measures that can use Palfinger historical prices to predict the future Palfinger's volatility.| Risk Adjusted Performance | 0.0122 | |||
| Jensen Alpha | 0.012 | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.08) |
Palfinger AG Backtested Returns
At this point, Palfinger is very steady. Palfinger AG maintains Sharpe Ratio (i.e., Efficiency) of 0.0089, which implies the firm had a 0.0089% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Palfinger AG, which you can use to evaluate the volatility of the company. Please check Palfinger's Coefficient Of Variation of 11523.13, risk adjusted performance of 0.0122, and Variance of 2.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.0155%. The company holds a Beta of -0.0601, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Palfinger are expected to decrease at a much lower rate. During the bear market, Palfinger is likely to outperform the market. Palfinger AG right now holds a risk of 1.75%. Please check Palfinger AG information ratio and kurtosis , to decide if Palfinger AG will be following its historical price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Palfinger AG has insignificant predictability. Overlapping area represents the amount of predictability between Palfinger time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Palfinger AG price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Palfinger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Palfinger AG lagged returns against current returns
Autocorrelation, which is Palfinger pink sheet'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 Palfinger's pink sheet expected returns. We can calculate the autocorrelation of Palfinger returns to help us make a trade decision. For example, suppose you find that Palfinger has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Palfinger 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 Palfinger pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palfinger pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palfinger pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Palfinger Lagged Returns
When evaluating Palfinger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palfinger pink sheet have on its future price. Palfinger 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, Palfinger autocorrelation shows the relationship between Palfinger pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Palfinger AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Palfinger Pink Sheet
Palfinger financial ratios help investors to determine whether Palfinger Pink Sheet 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 Palfinger with respect to the benefits of owning Palfinger security.