PARKEN Sport (Denmark) Market Value
| PARKEN Stock | DKK 116.50 3.22 2.84% |
| Symbol | PARKEN |
PARKEN Sport '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 PARKEN Sport'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 PARKEN Sport.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in PARKEN Sport on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding PARKEN Sport Entertainment or generate 0.0% return on investment in PARKEN Sport over 30 days. PARKEN Sport is related to or competes with Broendbyernes, Bang Olufsen, Matas AS, NKT AS, and Jyske Bank. PARKEN Sport Entertainment AS operates in the sports industry in Denmark More
PARKEN Sport 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 PARKEN Sport'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 PARKEN Sport Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 1.63 |
PARKEN Sport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARKEN Sport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARKEN Sport's standard deviation. In reality, there are many statistical measures that can use PARKEN Sport historical prices to predict the future PARKEN Sport's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (5.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PARKEN Sport'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.
PARKEN Sport Enterta Backtested Returns
PARKEN Sport Enterta maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the company had a -0.15% return per unit of standard deviation over the last 3 months. PARKEN Sport Enterta exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PARKEN Sport's Market Risk Adjusted Performance of (4.99), variance of 2.69, and Mean Deviation of 1.17 to confirm the risk estimate we provide. The firm holds a Beta of 0.05, which implies not very significant fluctuations relative to the market. As returns on the market increase, PARKEN Sport's returns are expected to increase less than the market. However, during the bear market, the loss of holding PARKEN Sport is expected to be smaller as well. PARKEN Sport Enterta has an expected return of -0.24%. Please make sure to check PARKEN Sport Enterta kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if PARKEN Sport Enterta performance from the past will be repeated at future time.
Auto-correlation | 0.84 |
Very good predictability
PARKEN Sport Entertainment has very good predictability. Overlapping area represents the amount of predictability between PARKEN Sport time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 PARKEN Sport Enterta price movement. The serial correlation of 0.84 indicates that around 84.0% of current PARKEN Sport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 22.33 |
PARKEN Sport Enterta lagged returns against current returns
Autocorrelation, which is PARKEN Sport 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 PARKEN Sport's stock expected returns. We can calculate the autocorrelation of PARKEN Sport returns to help us make a trade decision. For example, suppose you find that PARKEN Sport 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 |
PARKEN Sport 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 PARKEN Sport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARKEN Sport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARKEN Sport stock over time.
Current vs Lagged Prices |
| Timeline |
PARKEN Sport Lagged Returns
When evaluating PARKEN Sport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARKEN Sport stock have on its future price. PARKEN Sport 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, PARKEN Sport autocorrelation shows the relationship between PARKEN Sport stock current value and its past values and can show if there is a momentum factor associated with investing in PARKEN Sport Entertainment.
Regressed Prices |
| Timeline |
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Check out PARKEN Sport Correlation, PARKEN Sport Volatility and PARKEN Sport Alpha and Beta module to complement your research on PARKEN Sport. Note that the PARKEN Sport Enterta information on this page should be used as a complementary analysis to other PARKEN Sport'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for PARKEN Stock analysis
When running PARKEN Sport's price analysis, check to measure PARKEN Sport'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 PARKEN Sport is operating at the current time. Most of PARKEN Sport's value examination focuses on studying past and present price action to predict the probability of PARKEN Sport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PARKEN Sport's price. Additionally, you may evaluate how the addition of PARKEN Sport to your portfolios can decrease your overall portfolio volatility.
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PARKEN Sport 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.