PENN NATL Price To Book vs. Z Score
| PN1 Stock | EUR 19.18 0.33 1.75% |
For PENN NATL profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PENN NATL to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PENN NATL GAMING utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PENN NATL's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PENN NATL GAMING over time as well as its relative position and ranking within its peers.
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PENN NATL GAMING Z Score vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PENN NATL's current stock value. Our valuation model uses many indicators to compare PENN NATL value to that of its competitors to determine the firm's financial worth. PENN NATL GAMING is rated below average in price to book category among its peers. It also is rated below average in z score category among its peers totaling about 0.40 of Z Score per Price To Book. The ratio of Price To Book to Z Score for PENN NATL GAMING is roughly 2.48 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the PENN NATL's earnings, one of the primary drivers of an investment's value.PENN Z Score vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 1.49 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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| = | 0.6 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
PENN Z Score Comparison
PENN NATL is currently under evaluation in z score category among its peers.
PENN Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PENN NATL. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of PENN NATL position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the PENN NATL's important profitability drivers and their relationship over time.
Use PENN NATL in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PENN NATL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PENN NATL will appreciate offsetting losses from the drop in the long position's value.PENN NATL Pair Trading
PENN NATL GAMING Pair Trading Analysis
The ability to find closely correlated positions to PENN NATL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PENN NATL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PENN NATL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PENN NATL GAMING to buy it.
The correlation of PENN NATL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PENN NATL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PENN NATL GAMING moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PENN NATL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your PENN NATL position
In addition to having PENN NATL in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Medical Equipment Thematic Idea Now
Medical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Medical Equipment Theme or any other thematic opportunities.
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Other Information on Investing in PENN Stock
To fully project PENN NATL's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of PENN NATL GAMING at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include PENN NATL's income statement, its balance sheet, and the statement of cash flows.