Parkway Life Real Stock Market Value
| PRKWF Stock | USD 2.55 0.00 0.00% |
| Symbol | Parkway |
Parkway Life '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 Parkway Life's pink sheet 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 Parkway Life.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in Parkway Life on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding Parkway Life Real or generate 0.0% return on investment in Parkway Life over 30 days. Parkway Life is related to or competes with Medical Properties, Sabra Healthcare, LTC Properties, Healthpeak Properties, and National Health. Parkway Life Real Estate Investment Trust is one of Asias largest listed healthcare REITs by asset size More
Parkway Life 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 Parkway Life's pink sheet 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 Parkway Life Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 2.44 |
Parkway Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parkway Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parkway Life's standard deviation. In reality, there are many statistical measures that can use Parkway Life historical prices to predict the future Parkway Life's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | 0.0191 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parkway Life'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.
Parkway Life Real Backtested Returns
Parkway Life Real maintains Sharpe Ratio (i.e., Efficiency) of -0.0221, which implies the firm had a -0.0221% return per unit of risk over the last 3 months. Parkway Life Real exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parkway Life's Variance of 2.23, risk adjusted performance of 0.0154, and Coefficient Of Variation of 6509.25 to confirm the risk estimate we provide. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Parkway Life are expected to decrease at a much lower rate. During the bear market, Parkway Life is likely to outperform the market. Parkway Life Real has an expected return of -0.0319%. Please make sure to check Parkway Life Real total risk alpha and rate of daily change , to decide if Parkway Life Real performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Parkway Life Real has no correlation between past and present. Overlapping area represents the amount of predictability between Parkway Life time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 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 Parkway Life Real price movement. The serial correlation of 0.0 indicates that just 0.0% of current Parkway Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Parkway Life Real lagged returns against current returns
Autocorrelation, which is Parkway Life pink sheet'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 Parkway Life's pink sheet expected returns. We can calculate the autocorrelation of Parkway Life returns to help us make a trade decision. For example, suppose you find that Parkway Life has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Parkway Life 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 Parkway Life pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parkway Life pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parkway Life pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Parkway Life Lagged Returns
When evaluating Parkway Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parkway Life pink sheet have on its future price. Parkway Life 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, Parkway Life autocorrelation shows the relationship between Parkway Life pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Parkway Life Real.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Parkway Life Correlation, Parkway Life Volatility and Parkway Life Alpha and Beta module to complement your research on Parkway Life. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Parkway Pink Sheet analysis
When running Parkway Life's price analysis, check to measure Parkway Life'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 Parkway Life is operating at the current time. Most of Parkway Life's value examination focuses on studying past and present price action to predict the probability of Parkway Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkway Life's price. Additionally, you may evaluate how the addition of Parkway Life to your portfolios can decrease your overall portfolio volatility.
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Parkway Life technical pink sheet 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, pink sheet market cycles, or different charting patterns.