Paccar Inc Stock Market Value
| PCAR Stock | USD 112.58 1.39 1.25% |
| Symbol | PACCAR |
PACCAR Inc Price To Book Ratio
Is PACCAR's industry 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 PACCAR. If investors know PACCAR 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 PACCAR 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 0.528 | Dividend Share 1.04 | Earnings Share 8.76 | Revenue Per Share 67.05 | Quarterly Revenue Growth 0.117 |
The market value of PACCAR Inc is measured differently than its book value, which is the value of PACCAR that is recorded on the company's balance sheet. Investors also form their own opinion of PACCAR's value that differs from its market value or its book value, called intrinsic value, which is PACCAR'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 PACCAR's market value can be influenced by many factors that don't directly affect PACCAR'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 PACCAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if PACCAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PACCAR'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.
PACCAR '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 PACCAR's stock 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 PACCAR.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in PACCAR on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding PACCAR Inc or generate 0.0% return on investment in PACCAR over 30 days. PACCAR is related to or competes with AGCO, CNH Industrial, Deere, Lindsay, and Lion Electric. PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, ... More
PACCAR 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 PACCAR's stock 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 PACCAR Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.1504 | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.07 |
PACCAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PACCAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PACCAR's standard deviation. In reality, there are many statistical measures that can use PACCAR historical prices to predict the future PACCAR's volatility.| Risk Adjusted Performance | 0.1408 | |||
| Jensen Alpha | 0.1964 | |||
| Total Risk Alpha | 0.1077 | |||
| Sortino Ratio | 0.1735 | |||
| Treynor Ratio | 0.3308 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PACCAR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PACCAR Inc Backtested Returns
We consider PACCAR very steady. PACCAR Inc retains Efficiency (Sharpe Ratio) of 0.15, which implies the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PACCAR, which you can use to evaluate the volatility of the entity. Please check PACCAR's market risk adjusted performance of 0.3408, and Semi Deviation of 0.7438 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. PACCAR has a performance score of 11 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PACCAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding PACCAR is expected to be smaller as well. PACCAR Inc at this time owns a risk of 1.1%. Please check PACCAR Inc value at risk, and the relationship between the jensen alpha and skewness , to decide if PACCAR Inc will be following its current price history.
Auto-correlation | 0.36 |
Below average predictability
PACCAR Inc has below average predictability. Overlapping area represents the amount of predictability between PACCAR time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of April 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 PACCAR Inc price movement. The serial correlation of 0.36 indicates that just about 36.0% of current PACCAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 8.81 |
PACCAR Inc lagged returns against current returns
Autocorrelation, which is PACCAR stock'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 PACCAR's stock expected returns. We can calculate the autocorrelation of PACCAR returns to help us make a trade decision. For example, suppose you find that PACCAR has exhibited high autocorrelation historically, and you observe that the stock 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 |
PACCAR 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 PACCAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PACCAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PACCAR stock over time.
Current vs Lagged Prices |
| Timeline |
PACCAR Lagged Returns
When evaluating PACCAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PACCAR stock have on its future price. PACCAR 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, PACCAR autocorrelation shows the relationship between PACCAR stock current value and its past values and can show if there is a momentum factor associated with investing in PACCAR Inc.
Regressed Prices |
| Timeline |
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Check out PACCAR Correlation, PACCAR Volatility and PACCAR Alpha and Beta module to complement your research on PACCAR. Note that the PACCAR Inc information on this page should be used as a complementary analysis to other PACCAR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for PACCAR Stock analysis
When running PACCAR's price analysis, check to measure PACCAR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PACCAR is operating at the current time. Most of PACCAR's value examination focuses on studying past and present price action to predict the probability of PACCAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PACCAR's price. Additionally, you may evaluate how the addition of PACCAR to your portfolios can decrease your overall portfolio volatility.
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PACCAR technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.