Parker Hannifin Stock Forecast - Accumulation Distribution
| PH Stock | USD 538.09 2.48 0.46% |
Parker Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Parker Hannifin stock prices and determine the direction of Parker Hannifin's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Parker Hannifin's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Parker Hannifin's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Parker Hannifin's systematic risk associated with finding meaningful patterns of Parker Hannifin fundamentals over time.
Check out Historical Fundamental Analysis of Parker Hannifin to cross-verify your projections. Parker |
Open Interest Against 2024-04-19 Parker Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Parker Hannifin's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Parker Hannifin's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Parker Hannifin stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Parker Hannifin's open interest, investors have to compare it to Parker Hannifin's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Parker Hannifin is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Parker. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Parker Hannifin cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Parker Hannifin's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Parker Hannifin's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Parker Hannifin is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Parker Hannifin to determine if accumulation or reduction is taking place in the market. This value is adjusted by Parker Hannifin trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 11277.36 | 7567.38 |
| Check Parker Hannifin Volatility | Backtest Parker Hannifin | Information Ratio |
Parker Hannifin Trading Date Momentum
| On April 18 2024 Parker Hannifin was traded for 538.09 at the closing time. The highest price during the trading period was 547.93 and the lowest recorded bid was listed for 537.38 . The volume for the day was 393 K. This history from April 18, 2024 did not cause price change. The trading delta at closing time to the current price is 1.28% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Parker Hannifin to competition |
Other Forecasting Options for Parker Hannifin
For every potential investor in Parker, whether a beginner or expert, Parker Hannifin's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Parker Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Parker. Basic forecasting techniques help filter out the noise by identifying Parker Hannifin's price trends.Parker Hannifin Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Parker Hannifin stock to make a market-neutral strategy. Peer analysis of Parker Hannifin could also be used in its relative valuation, which is a method of valuing Parker Hannifin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Parker Hannifin Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Parker Hannifin's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Parker Hannifin's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Parker Hannifin Market Strength Events
Market strength indicators help investors to evaluate how Parker Hannifin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parker Hannifin shares will generate the highest return on investment. By undertsting and applying Parker Hannifin stock market strength indicators, traders can identify Parker Hannifin entry and exit signals to maximize returns.
| Accumulation Distribution | 7567.38 | |||
| Daily Balance Of Power | (0.24) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 542.66 | |||
| Day Typical Price | 541.13 | |||
| Price Action Indicator | (5.80) | |||
| Period Momentum Indicator | (2.48) |
Parker Hannifin Risk Indicators
The analysis of Parker Hannifin's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Parker Hannifin's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting parker stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9259 | |||
| Semi Deviation | 0.6002 | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.91 | |||
| Downside Variance | 0.7451 | |||
| Semi Variance | 0.3602 | |||
| Expected Short fall | (1.19) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Check out Historical Fundamental Analysis of Parker Hannifin to cross-verify your projections. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin'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 Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Parker Stock analysis
When running Parker Hannifin's price analysis, check to measure Parker Hannifin'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 Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.
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Is Parker Hannifin'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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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 0.72 | Dividend Share 5.77 | Earnings Share 20.24 | Revenue Per Share 154.399 | Quarterly Revenue Growth 0.031 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin'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 Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin'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 Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin'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.