Penn National Gaming Market Value
| 707569AS8 | 95.51 3.90 3.92% |
| Symbol | 707569AS8 |
707569AS8 '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 707569AS8'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 707569AS8.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in 707569AS8 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Penn National Gaming or generate 0.0% return on investment in 707569AS8 over 30 days. 707569AS8 is related to or competes with Kaltura, Addus HomeCare, Western Digital, Yuexiu Transport, Franklin Street, Agnico Eagle, and FARO Technologies. More
707569AS8 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 707569AS8'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 Penn National Gaming upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 2.45 |
707569AS8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 707569AS8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 707569AS8's standard deviation. In reality, there are many statistical measures that can use 707569AS8 historical prices to predict the future 707569AS8's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.5431 |
Penn National Gaming Backtested Returns
Penn National Gaming secures Sharpe Ratio (or Efficiency) of -0.058, which signifies that the bond had a -0.058% return per unit of standard deviation over the last 3 months. Penn National Gaming exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 707569AS8's Mean Deviation of 0.5948, coefficient of variation of (12,954), and Market Risk Adjusted Performance of 0.5531 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.038, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 707569AS8 are expected to decrease at a much lower rate. During the bear market, 707569AS8 is likely to outperform the market.
Auto-correlation | 0.15 |
Insignificant predictability
Penn National Gaming has insignificant predictability. Overlapping area represents the amount of predictability between 707569AS8 time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Penn National Gaming price movement. The serial correlation of 0.15 indicates that less than 15.0% of current 707569AS8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Penn National Gaming lagged returns against current returns
Autocorrelation, which is 707569AS8 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 707569AS8's bond expected returns. We can calculate the autocorrelation of 707569AS8 returns to help us make a trade decision. For example, suppose you find that 707569AS8 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 |
707569AS8 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 707569AS8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 707569AS8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 707569AS8 bond over time.
Current vs Lagged Prices |
| Timeline |
707569AS8 Lagged Returns
When evaluating 707569AS8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 707569AS8 bond have on its future price. 707569AS8 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, 707569AS8 autocorrelation shows the relationship between 707569AS8 bond current value and its past values and can show if there is a momentum factor associated with investing in Penn National Gaming.
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 707569AS8 Bond
707569AS8 financial ratios help investors to determine whether 707569AS8 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 707569AS8 with respect to the benefits of owning 707569AS8 security.