Park Aerospace (Germany) Market Value
| PKE Stock | EUR 14.10 0.90 6.82% |
| Symbol | Park |
Park Aerospace '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 Park Aerospace'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 Park Aerospace.
| 10/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Park Aerospace on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Park Aerospace Corp or generate 0.0% return on investment in Park Aerospace over 60 days. Park Aerospace is related to or competes with Raytheon Technologies, Boeing, Lockheed Martin, Boeing, Lockheed Martin, and Airbus SE. Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce compos... More
Park Aerospace 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 Park Aerospace'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 Park Aerospace Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.1297 | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 4.42 |
Park Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Park Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Park Aerospace's standard deviation. In reality, there are many statistical measures that can use Park Aerospace historical prices to predict the future Park Aerospace's volatility.| Risk Adjusted Performance | 0.1208 | |||
| Jensen Alpha | 0.3268 | |||
| Total Risk Alpha | 0.2641 | |||
| Sortino Ratio | 0.179 | |||
| Treynor Ratio | 2.09 |
Park Aerospace Corp Backtested Returns
Park Aerospace appears to be not too volatile, given 3 months investment horizon. Park Aerospace Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Park Aerospace Corp, which you can use to evaluate the volatility of the company. Please evaluate Park Aerospace's Risk Adjusted Performance of 0.1208, semi deviation of 1.35, and Coefficient Of Variation of 698.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Park Aerospace holds a performance score of 11. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Park Aerospace's returns are expected to increase less than the market. However, during the bear market, the loss of holding Park Aerospace is expected to be smaller as well. Please check Park Aerospace's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Park Aerospace's historical price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Park Aerospace Corp has good reverse predictability. Overlapping area represents the amount of predictability between Park Aerospace time series from 30th of October 2024 to 29th of November 2024 and 29th of November 2024 to 29th 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 Park Aerospace Corp price movement. The serial correlation of -0.51 indicates that about 51.0% of current Park Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Park Aerospace Corp lagged returns against current returns
Autocorrelation, which is Park Aerospace 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 Park Aerospace's stock expected returns. We can calculate the autocorrelation of Park Aerospace returns to help us make a trade decision. For example, suppose you find that Park Aerospace 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 |
Park Aerospace 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 Park Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Park Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Park Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Park Aerospace Lagged Returns
When evaluating Park Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Park Aerospace stock have on its future price. Park Aerospace 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, Park Aerospace autocorrelation shows the relationship between Park Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Park Aerospace Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Park Stock
Park Aerospace financial ratios help investors to determine whether Park 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 Park with respect to the benefits of owning Park Aerospace security.