| 2013 | 2014 | 2015 | 2018 | 2019 (projected) | Parker Hannifin Cost of Revenue | 10,188,227,000 | 9,655,245,000 | 8,823,384,000 | 7,941,045,600 | 7,499,705,237 | Parker Hannifin Consolidated Income | 1,041,418,000 | 1,012,553,000 | 807,216,000 | 726,494,400 | 676,248,026 |
Time to bring in Parker Hannifin is now
 | By Ellen Johnson | Macroaxis Story |
This feature is directed to investors considering to exit their positions in Parker Hannifin. I will examine why in spite of prevalent disturbance, the overall long-run investment outlook of the entity is still stable. Parker Hannifin barely shadows market. The returns on investing in Parker Hannifin and the market returns of the last few months appear not related. The occurrence of stable fundamental indicators of the entity hints to mid-run price swing for stockholder of the entity. What is Parker Hannifin Target Price Odds to finish over Current Price? In reference to normal probability distribution, the odds of Parker Hannifin to move above current price in 30 days from now is about 27.03%. The Parker Hannifin Corporation probability density function shows the probability of Parker Hannifin Stock to fall within a particular range of prices over 30 days . Allowing for the 30-days total investment horizon, Parker Hannifin has beta of 0.0049 . This implies as returns on market go up, Parker Hannifin average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Parker Hannifin Corporation will be expected to be much smaller as well. Additionally, the company has a negative alpha implying that the risk taken by holding this equity is not justified. Parker Hannifin is significantly underperforming S&P 500.
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Reviewed by Michael Smolkin
The company average rating is Buy from 16 analysts. As of 27 of January Parker Hannifin holds Risk Adjusted Performance of (0.01575) and Coefficient Of Variation of (10,477). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Parker Hannifin as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Parker Hannifin which can be compared to its competitors. Please check Parker Hannifin Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Parker Hannifin is priced some-what accurately providing market reflects its current price of 160.99 per share. Given that Parker Hannifin has Jensen Alpha of (0.032311), we recommend you check out Parker Hannifin recent market performance to make sure the company can sustain itself at future point.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Parker Hannifin. Your research has to be compared to or analyzed against Parker Hannifin's peers to derive any actionable benefits. When done correctly, Parker Hannifin's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Parker Hannifin.
Using predictive technical analysis, we can analyze different prices and returns patterns and diagnose historical swings to determine the real value of Parker Hannifin. In general, sophisticated investors focus on analyzing Parker Hannifin stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Parker Hannifin's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Parker Hannifin's intrinsic value. In addition to deriving basic predictive indicators for Parker Hannifin, many experienced traders also check how macroeconomic factors affect Parker Hannifin price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parker Hannifin'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.
How important is Parker Hannifin's Liquidity
Parker Hannifin financial leverage refers to using borrowed capital as a funding source to finance Parker Hannifin ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Parker Hannifin financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Parker Hannifin's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Parker Hannifin's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Parker Hannifin's total debt and its cash.
Parker Hannifin Gross Profit
Parker Hannifin Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Parker Hannifin previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Parker Hannifin Gross Profit growth over the last 10 years. Please check Parker Hannifin's gross profit and other fundamental indicators for more details.
What is the case for Parker Hannifin Investors
The small decline in market price for the last few months may encourage investors to take a closer look at the company as it closed today at a share price of 159.38 on 1103945.000 in trading volume. The company executives did not add much value to Parker Hannifin investors in December. However, diversifying your holdings with Parker Hannifin or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 2.3533. The current volatility is consistent with the ongoing market swings in December 2018 as well as with Parker Hannifin unsystematic, company specific events. Parker Hannifin preserves 24.88b of current valuation. Parker Hannifin is selling for under 160.99. That is 1.85 percent up. Day high is 161.64. Parker Hannifin Sales per Share is increasing over the last 5 years. Also, Parker Hannifin Interest Coverage is nearly stable at the moment.
To conclude, our up-to-date buy/sell recommendation on the entity is Cautious Hold. We believe Parker Hannifin is fairly valued with low probability of distress for the next two years.
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