Packaging Corp Of Stock Market Value
| PKG Stock | USD 178.25 0.26 0.15% |
| Symbol | Packaging |
Packaging Corp Price To Book Ratio
Is Packaging Corp'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 Packaging Corp. If investors know Packaging 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 Packaging Corp 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 (0.09) | Dividend Share 5 | Earnings Share 8.48 | Revenue Per Share 87.569 | Quarterly Revenue Growth (0.02) |
The market value of Packaging Corp is measured differently than its book value, which is the value of Packaging that is recorded on the company's balance sheet. Investors also form their own opinion of Packaging Corp's value that differs from its market value or its book value, called intrinsic value, which is Packaging Corp'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 Packaging Corp's market value can be influenced by many factors that don't directly affect Packaging Corp'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 Packaging Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Packaging Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Packaging Corp'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.
Packaging Corp '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 Packaging Corp'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 Packaging Corp.
| 04/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Packaging Corp on April 24, 2023 and sell it all today you would earn a total of 0.00 from holding Packaging Corp of or generate 0.0% return on investment in Packaging Corp over 360 days. Packaging Corp is related to or competes with Karat Packaging, Reynolds Consumer, Myers Industries, Pactiv Evergreen, and Avery Dennison. Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United S... More
Packaging Corp 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 Packaging Corp'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 Packaging Corp of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9784 | |||
| Information Ratio | 0.0619 | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.62 |
Packaging Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Packaging Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Packaging Corp's standard deviation. In reality, there are many statistical measures that can use Packaging Corp historical prices to predict the future Packaging Corp's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.0811 | |||
| Total Risk Alpha | 0.034 | |||
| Sortino Ratio | 0.0713 | |||
| Treynor Ratio | 0.1535 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Packaging Corp'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.
Packaging Corp Backtested Returns
We consider Packaging Corp very steady. Packaging Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Packaging Corp, which you can use to evaluate the volatility of the company. Please check Packaging Corp's Semi Deviation of 0.846, risk adjusted performance of 0.0745, and Coefficient Of Variation of 899.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Packaging Corp has a performance score of 10 on a scale of 0 to 100. The company holds a Beta of 0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Packaging Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Packaging Corp is expected to be smaller as well. Packaging Corp right now holds a risk of 1.15%. Please check Packaging Corp downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Packaging Corp will be following its historical price patterns.
Auto-correlation | 0.72 |
Good predictability
Packaging Corp of has good predictability. Overlapping area represents the amount of predictability between Packaging Corp time series from 24th of April 2023 to 21st of October 2023 and 21st of October 2023 to 18th 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 Packaging Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current Packaging Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 148.95 |
Packaging Corp lagged returns against current returns
Autocorrelation, which is Packaging Corp 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 Packaging Corp's stock expected returns. We can calculate the autocorrelation of Packaging Corp returns to help us make a trade decision. For example, suppose you find that Packaging Corp 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 |
Packaging Corp 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 Packaging Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Packaging Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Packaging Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Packaging Corp Lagged Returns
When evaluating Packaging Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Packaging Corp stock have on its future price. Packaging Corp 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, Packaging Corp autocorrelation shows the relationship between Packaging Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Packaging Corp of.
Regressed Prices |
| Timeline |
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Check out Packaging Corp Correlation, Packaging Corp Volatility and Packaging Corp Alpha and Beta module to complement your research on Packaging Corp. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Packaging Stock analysis
When running Packaging Corp's price analysis, check to measure Packaging Corp'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 Packaging Corp is operating at the current time. Most of Packaging Corp's value examination focuses on studying past and present price action to predict the probability of Packaging Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Packaging Corp's price. Additionally, you may evaluate how the addition of Packaging Corp to your portfolios can decrease your overall portfolio volatility.
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Packaging Corp 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.