PARKER HANNIFIN P MEDIUM Market Value
| 70109HAM7 | 95.17 0.50 0.52% |
| Symbol | PARKER |
PARKER '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 PARKER's bond 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 PARKER.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in PARKER on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding PARKER HANNIFIN P MEDIUM or generate 0.0% return on investment in PARKER over 90 days. PARKER is related to or competes with Jutal Offshore, Viemed Healthcare, Summit Materials, Avadel Pharmaceuticals, and Catalent. More
PARKER 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 PARKER's bond 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 PARKER HANNIFIN P MEDIUM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 0.83 |
PARKER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARKER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARKER's standard deviation. In reality, there are many statistical measures that can use PARKER historical prices to predict the future PARKER's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.8641 |
PARKER HANNIFIN P Backtested Returns
PARKER HANNIFIN P maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the bond had a -0.18% return per unit of standard deviation over the last 3 months. PARKER HANNIFIN P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PARKER's Mean Deviation of 0.4807, market risk adjusted performance of 0.8741, and Variance of 0.8017 to confirm the risk estimate we provide. The entity holds a Beta of -0.0973, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PARKER are expected to decrease at a much lower rate. During the bear market, PARKER is likely to outperform the market.
Auto-correlation | -0.66 |
Very good reverse predictability
PARKER HANNIFIN P MEDIUM has very good reverse predictability. Overlapping area represents the amount of predictability between PARKER time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 PARKER HANNIFIN P price movement. The serial correlation of -0.66 indicates that around 66.0% of current PARKER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
PARKER HANNIFIN P lagged returns against current returns
Autocorrelation, which is PARKER bond'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 PARKER's bond expected returns. We can calculate the autocorrelation of PARKER returns to help us make a trade decision. For example, suppose you find that PARKER has exhibited high autocorrelation historically, and you observe that the bond 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 |
PARKER 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 PARKER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARKER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARKER bond over time.
Current vs Lagged Prices |
| Timeline |
PARKER Lagged Returns
When evaluating PARKER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARKER bond have on its future price. PARKER 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, PARKER autocorrelation shows the relationship between PARKER bond current value and its past values and can show if there is a momentum factor associated with investing in PARKER HANNIFIN P MEDIUM.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PARKER Bond
PARKER financial ratios help investors to determine whether PARKER Bond 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 PARKER with respect to the benefits of owning PARKER security.