Parkland Fuel Bond Technical Analysis
| 70137TAP0 | 98.23 0.21 0.21% |
As of the 24th of April, Parkland holds the Coefficient Of Variation of (1,749), variance of 0.1146, and Risk Adjusted Performance of (0.04). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parkland, as well as the relationship between them. Put it differently, you can use this information to find out if the bond will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Parkland Fuel, which can be compared to its competitors. Please check Parkland Fuel coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Parkland Fuel is priced some-what accurately, providing market reflects its current price of 98.23 per share.
Parkland Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Parkland, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ParklandParkland |
Parkland technical bond 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, bond market cycles, or different charting patterns.
Parkland Fuel Trend Analysis
Use this graph to draw trend lines for Parkland Fuel. You can use it to identify possible trend reversals for Parkland as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parkland price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Parkland Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Parkland Fuel applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Parkland Fuel market price will keep on failing further. It has 122 observation points and a regression sum of squares at 13.68, which is the sum of squared deviations for the predicted Parkland price change compared to its average price change.About Parkland Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Parkland Fuel on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Parkland Fuel based on its technical analysis. In general, a bottom-up approach, as applied to this corporate bond, focuses on Parkland Fuel price pattern first instead of the macroeconomic environment surrounding Parkland Fuel. By analyzing Parkland's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Parkland's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Parkland specific price patterns or momentum indicators. Please read more on our technical analysis page.
Parkland April 24, 2024 Technical Indicators
Most technical analysis of Parkland help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Parkland from various momentum indicators to cycle indicators. When you analyze Parkland charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 0.2569 | |||
| Coefficient Of Variation | (1,749) | |||
| Standard Deviation | 0.3386 | |||
| Variance | 0.1146 | |||
| Information Ratio | (0.34) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 1.69 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5386 | |||
| Skewness | (0.23) | |||
| Kurtosis | 0.5859 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any corporate bond could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.