Park Ohio Holdings Stock Statistic Functions Pearson Correlation Coefficient

PKOH Stock  USD 32.23  0.23  0.72%   
Park Ohio statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Park Ohio. Park Ohio value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Park Ohio statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Park Ohio Holdings and its benchmark or peer.

Park Ohio Technical Analysis Modules

Most technical analysis of Park Ohio help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Park from various momentum indicators to cycle indicators. When you analyze Park charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Park Ohio Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Park Ohio Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Park Ohio Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Park Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Park Ohio's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Park Ohio's intrinsic value. In addition to deriving basic predictive indicators for Park Ohio, we also check how macroeconomic factors affect Park Ohio price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 (projected)
Dividend Yield0.0270.04690.0223
Price To Sales Ratio0.180.09990.2
Hype
Prediction
LowEstimatedHigh
29.3331.9334.53
Details
Intrinsic
Valuation
LowRealHigh
28.5131.1133.71
Details
Naive
Forecast
LowNextHigh
28.8831.4734.07
Details
1 Analysts
Consensus
LowTargetHigh
28.2131.0034.41
Details

Become your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

Did you try this?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Driverless Cars Idea
Driverless Cars
Invested over 200 shares
Cash Cows Idea
Cash Cows
Invested few shares
Hedge Favorites Idea
Hedge Favorites
Invested few shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Power Assets Idea
Power Assets
Invested over 200 shares
Banking Idea
Banking
Invested over 40 shares
Blockchain Idea
Blockchain
Invested few shares
Macroaxis Picks Idea
Macroaxis Picks
Invested few shares
Defense Idea
Defense
Sold few shares
Climate Change Idea
Climate Change
Invested few shares
Manufacturing Idea
Manufacturing
Invested over 30 shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
When determining whether Park Ohio Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Park Ohio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Park Ohio Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Park Ohio Holdings Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Ohio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Park Ohio. If investors know Park will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Park Ohio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.17)
Dividend Share
0.5
Earnings Share
3.34
Revenue Per Share
130.779
Quarterly Revenue Growth
(0)
The market value of Park Ohio Holdings is measured differently than its book value, which is the value of Park that is recorded on the company's balance sheet. Investors also form their own opinion of Park Ohio's value that differs from its market value or its book value, called intrinsic value, which is Park Ohio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Park Ohio's market value can be influenced by many factors that don't directly affect Park Ohio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Park Ohio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Park Ohio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park Ohio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.