Parkland Fuel Market Value
| 70137TAP0 | 97.88 2.08 2.08% |
| Symbol | Parkland |
Parkland '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 Parkland'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 Parkland.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Parkland on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Parkland Fuel or generate 0.0% return on investment in Parkland over 720 days. Parkland is related to or competes with Compania Cervecerias, CECO Environmental, Simpson Manufacturing, Chart Industries, PepsiCo, Topbuild Corp, and Molson Coors. More
Parkland 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 Parkland'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 Parkland Fuel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.79 |
Parkland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parkland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parkland's standard deviation. In reality, there are many statistical measures that can use Parkland historical prices to predict the future Parkland's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0192 | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.067 |
Parkland Fuel Backtested Returns
Parkland Fuel maintains Sharpe Ratio (i.e., Efficiency) of -0.0359, which implies the entity had a -0.0359% return per unit of risk over the last 3 months. Parkland Fuel exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parkland's Variance of 1.88, risk adjusted performance of (0.01), and Coefficient Of Variation of (8,014) to confirm the risk estimate we provide. The bond holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Parkland are expected to decrease at a much lower rate. During the bear market, Parkland is likely to outperform the market.
Auto-correlation | -0.03 |
Very weak reverse predictability
Parkland Fuel has very weak reverse predictability. Overlapping area represents the amount of predictability between Parkland time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Parkland Fuel price movement. The serial correlation of -0.03 indicates that only 3.0% of current Parkland price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 46.62 |
Parkland Fuel lagged returns against current returns
Autocorrelation, which is Parkland 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 Parkland's bond expected returns. We can calculate the autocorrelation of Parkland returns to help us make a trade decision. For example, suppose you find that Parkland 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 |
Parkland 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 Parkland bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parkland bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parkland bond over time.
Current vs Lagged Prices |
| Timeline |
Parkland Lagged Returns
When evaluating Parkland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parkland bond have on its future price. Parkland 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, Parkland autocorrelation shows the relationship between Parkland bond current value and its past values and can show if there is a momentum factor associated with investing in Parkland Fuel.
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 Parkland Bond
Parkland financial ratios help investors to determine whether Parkland 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 Parkland with respect to the benefits of owning Parkland security.