Penske Automotive (Germany) Market Value
| UA9 Stock | EUR 150.00 1.00 0.67% |
| Symbol | Penske |
Penske Automotive '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 Penske Automotive'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 Penske Automotive.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Penske Automotive on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Penske Automotive Group or generate 0.0% return on investment in Penske Automotive over 720 days. Penske Automotive is related to or competes with Copart, Zhongsheng Group, CarMax, DIeteren Group, Lithia Motors, and AutoNation. Penske Automotive Group, Inc. operates as a transportation services company More
Penske Automotive 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 Penske Automotive'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 Penske Automotive Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 6.93 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.7 |
Penske Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penske Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penske Automotive's standard deviation. In reality, there are many statistical measures that can use Penske Automotive historical prices to predict the future Penske Automotive's volatility.| Risk Adjusted Performance | 0.05 | |||
| Jensen Alpha | 0.0535 | |||
| Total Risk Alpha | 0.0333 | |||
| Sortino Ratio | 0.0367 | |||
| Treynor Ratio | 0.0784 |
Penske Automotive Backtested Returns
At this point, Penske Automotive is very steady. Penske Automotive maintains Sharpe Ratio (i.e., Efficiency) of 0.0801, which implies the firm had a 0.0801% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Penske Automotive, which you can use to evaluate the volatility of the company. Please check Penske Automotive's Coefficient Of Variation of 1744.79, risk adjusted performance of 0.05, and Semi Deviation of 1.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Penske Automotive has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Penske Automotive returns are very sensitive to returns on the market. As the market goes up or down, Penske Automotive is expected to follow. Penske Automotive right now holds a risk of 1.45%. Please check Penske Automotive total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Penske Automotive will be following its historical price patterns.
Auto-correlation | 0.35 |
Below average predictability
Penske Automotive Group has below average predictability. Overlapping area represents the amount of predictability between Penske Automotive time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 Penske Automotive price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Penske Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 45.19 |
Penske Automotive lagged returns against current returns
Autocorrelation, which is Penske Automotive 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 Penske Automotive's stock expected returns. We can calculate the autocorrelation of Penske Automotive returns to help us make a trade decision. For example, suppose you find that Penske Automotive 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 |
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Penske Automotive 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 Penske Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penske Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penske Automotive stock over time.
Current vs Lagged Prices |
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Penske Automotive Lagged Returns
When evaluating Penske Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penske Automotive stock have on its future price. Penske Automotive 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, Penske Automotive autocorrelation shows the relationship between Penske Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Penske Automotive Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Penske Stock
When determining whether Penske Automotive is a strong investment it is important to analyze Penske Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Penske Automotive's future performance. For an informed investment choice regarding Penske Stock, refer to the following important reports:Check out Penske Automotive Correlation, Penske Automotive Volatility and Penske Automotive Alpha and Beta module to complement your research on Penske Automotive. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Penske Automotive technical stock 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, stock market cycles, or different charting patterns.