PENSKE AUTOMOTIVE GROUP Market Value
| 70959WAJ2 | 97.11 1.31 1.33% |
| Symbol | PENSKE |
PENSKE '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's bond 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.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in PENSKE on November 23, 2024 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 over 30 days. PENSKE is related to or competes with WEC Energy, Topbuild Corp, Cementos Pacasmayo, Newpark Resources, GE Vernova, Atmos Energy, and Suburban Propane. More
PENSKE 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's bond 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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.23 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 0.9507 |
PENSKE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PENSKE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PENSKE's standard deviation. In reality, there are many statistical measures that can use PENSKE historical prices to predict the future PENSKE's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.28) |
PENSKE AUTOMOTIVE Backtested Returns
PENSKE AUTOMOTIVE maintains Sharpe Ratio (i.e., Efficiency) of -0.073, which implies the entity had a -0.073% return per unit of volatility over the last 3 months. PENSKE AUTOMOTIVE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PENSKE's coefficient of variation of (6,290), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The bond holds a Beta of 0.0808, which implies not very significant fluctuations relative to the market. As returns on the market increase, PENSKE's returns are expected to increase less than the market. However, during the bear market, the loss of holding PENSKE is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
PENSKE AUTOMOTIVE GROUP has almost perfect reverse predictability. Overlapping area represents the amount of predictability between PENSKE time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 -0.72 indicates that around 72.0% of current PENSKE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
PENSKE AUTOMOTIVE lagged returns against current returns
Autocorrelation, which is PENSKE bond'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's bond expected returns. We can calculate the autocorrelation of PENSKE returns to help us make a trade decision. For example, suppose you find that PENSKE has exhibited high autocorrelation historically, and you observe that the bond 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 |
PENSKE 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PENSKE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PENSKE bond over time.
Current vs Lagged Prices |
| Timeline |
PENSKE Lagged Returns
When evaluating PENSKE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PENSKE bond have on its future price. PENSKE 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 autocorrelation shows the relationship between PENSKE bond 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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PENSKE Bond
PENSKE financial ratios help investors to determine whether PENSKE Bond 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 PENSKE with respect to the benefits of owning PENSKE security.