PARK24 (Germany) Market Value
| 5FJ Stock | EUR 13.40 0.20 1.52% |
| Symbol | PARK24 |
PARK24 '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 PARK24'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 PARK24.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in PARK24 on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding PARK24 LTD or generate 0.0% return on investment in PARK24 over 180 days. PARK24 is related to or competes with Cintas, RENTOKIL INITIAL, INPOST SA, Elis SA, PARK24 SPONS, and RELO GROUP. PARK24 Co., Ltd. operates and manages parking facilities in Japan and Internationally More
PARK24 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 PARK24'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 PARK24 LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.1555 | |||
| Maximum Drawdown | 86.09 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.94 |
PARK24 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARK24's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARK24's standard deviation. In reality, there are many statistical measures that can use PARK24 historical prices to predict the future PARK24's volatility.| Risk Adjusted Performance | 0.1349 | |||
| Jensen Alpha | 1.67 | |||
| Total Risk Alpha | 1.35 | |||
| Sortino Ratio | 1.01 | |||
| Treynor Ratio | (1.33) |
PARK24 LTD Backtested Returns
PARK24 is unstable given 3 months investment horizon. PARK24 LTD maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the company had a 0.16% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use PARK24 Standard Deviation of 10.43, mean deviation of 3.14, and Market Risk Adjusted Performance of (1.32) to evaluate company specific risk that cannot be diversified away. PARK24 holds a performance score of 12 on a scale of zero to a hundred. The firm holds a Beta of -1.24, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning PARK24 are expected to decrease by larger amounts. On the other hand, during market turmoil, PARK24 is expected to outperform it. Use PARK24 standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on PARK24.
Auto-correlation | 0.61 |
Good predictability
PARK24 LTD has good predictability. Overlapping area represents the amount of predictability between PARK24 time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 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 PARK24 LTD price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current PARK24 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 6.93 |
PARK24 LTD lagged returns against current returns
Autocorrelation, which is PARK24 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 PARK24's stock expected returns. We can calculate the autocorrelation of PARK24 returns to help us make a trade decision. For example, suppose you find that PARK24 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 |
PARK24 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 PARK24 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARK24 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARK24 stock over time.
Current vs Lagged Prices |
| Timeline |
PARK24 Lagged Returns
When evaluating PARK24's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARK24 stock have on its future price. PARK24 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, PARK24 autocorrelation shows the relationship between PARK24 stock current value and its past values and can show if there is a momentum factor associated with investing in PARK24 LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PARK24 Stock
PARK24 financial ratios help investors to determine whether PARK24 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PARK24 with respect to the benefits of owning PARK24 security.