Parkland Fuel Stock Market Value
| PKI Stock | CAD 42.76 0.05 0.12% |
| Symbol | Parkland |
Parkland Fuel Price To Book Ratio
Parkland Fuel '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 Fuel'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 Parkland Fuel.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Parkland Fuel on May 1, 2023 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 Fuel over 360 days. Parkland Fuel is related to or competes with Aecon, Element Fleet, and Tricon Capital. Parkland Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada, the Unit... More
Parkland Fuel 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 Fuel'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 Parkland Fuel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.18 |
Parkland Fuel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parkland Fuel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parkland Fuel's standard deviation. In reality, there are many statistical measures that can use Parkland Fuel historical prices to predict the future Parkland Fuel's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (1.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parkland Fuel'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.
Parkland Fuel Backtested Returns
Parkland Fuel maintains Sharpe Ratio (i.e., Efficiency) of -0.0577, which implies the firm had a -0.0577% return per unit of risk over the last 3 months. Parkland Fuel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parkland Fuel's Risk Adjusted Performance of (0.02), variance of 2.66, and Coefficient Of Variation of (2,819) to confirm the risk estimate we provide. The company holds a Beta of 0.0377, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parkland Fuel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parkland Fuel is expected to be smaller as well. Parkland Fuel has an expected return of -0.0938%. Please make sure to check Parkland Fuel kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Parkland Fuel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Parkland Fuel has virtually no predictability. Overlapping area represents the amount of predictability between Parkland Fuel time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th 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 Parkland Fuel price movement. The serial correlation of 0.01 indicates that just 1.0% of current Parkland Fuel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.27 |
Parkland Fuel lagged returns against current returns
Autocorrelation, which is Parkland Fuel 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 Parkland Fuel's stock expected returns. We can calculate the autocorrelation of Parkland Fuel returns to help us make a trade decision. For example, suppose you find that Parkland Fuel 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 |
Parkland Fuel 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 Fuel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parkland Fuel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parkland Fuel stock over time.
Current vs Lagged Prices |
| Timeline |
Parkland Fuel Lagged Returns
When evaluating Parkland Fuel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parkland Fuel stock have on its future price. Parkland Fuel 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 Fuel autocorrelation shows the relationship between Parkland Fuel stock current value and its past values and can show if there is a momentum factor associated with investing in Parkland Fuel.
Regressed Prices |
| Timeline |
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Check out Parkland Fuel Correlation, Parkland Fuel Volatility and Parkland Fuel Alpha and Beta module to complement your research on Parkland Fuel. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Parkland Stock analysis
When running Parkland Fuel's price analysis, check to measure Parkland Fuel'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 Parkland Fuel is operating at the current time. Most of Parkland Fuel's value examination focuses on studying past and present price action to predict the probability of Parkland Fuel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkland Fuel's price. Additionally, you may evaluate how the addition of Parkland Fuel to your portfolios can decrease your overall portfolio volatility.
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Parkland Fuel 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.