PARKEN Sport (Denmark) Market Value

PARKEN Stock  DKK 127.50  1.00  0.79%   
PARKEN Sport's market value is the price at which a share of PARKEN Sport trades on a public exchange. It measures the collective expectations of PARKEN Sport Entertainment investors about its performance. PARKEN Sport is trading at 127.50 as of the 28th of March 2024, a 0.79 percent increase since the beginning of the trading day. The stock's open price was 126.5.
With this module, you can estimate the performance of a buy and hold strategy of PARKEN Sport Entertainment and determine expected loss or profit from investing in PARKEN Sport over a given investment horizon. Check out PARKEN Sport Correlation, PARKEN Sport Volatility and PARKEN Sport Alpha and Beta module to complement your research on PARKEN Sport.
Symbol

Please note, there is a significant difference between PARKEN Sport's value and its price as these two are different measures arrived at by different means. Investors typically determine if PARKEN Sport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PARKEN Sport's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

PARKEN Sport '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 PARKEN Sport'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 PARKEN Sport.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in PARKEN Sport on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding PARKEN Sport Entertainment or generate 0.0% return on investment in PARKEN Sport over 30 days. PARKEN Sport is related to or competes with Carlsberg, Copenhagen Airports, Brd Klee, LUXOR-B, and Danske Andelskassers. PARKEN Sport Entertainment AS operates in the sports industry in Denmark More

PARKEN Sport 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 PARKEN Sport'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 PARKEN Sport Entertainment upside and downside potential and time the market with a certain degree of confidence.

PARKEN Sport Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PARKEN Sport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARKEN Sport's standard deviation. In reality, there are many statistical measures that can use PARKEN Sport historical prices to predict the future PARKEN Sport's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PARKEN Sport's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
126.13127.50128.87
Details
Intrinsic
Valuation
LowRealHigh
107.20108.57140.25
Details
Naive
Forecast
LowNextHigh
126.24127.61128.98
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
124.87126.50128.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PARKEN Sport. Your research has to be compared to or analyzed against PARKEN Sport's peers to derive any actionable benefits. When done correctly, PARKEN Sport's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PARKEN Sport Enterta.

PARKEN Sport Enterta Backtested Returns

PARKEN Sport Enterta maintains Sharpe Ratio (i.e., Efficiency) of -0.0509, which implies the company had a -0.0509% return per unit of standard deviation over the last 3 months. PARKEN Sport Enterta exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PARKEN Sport's Mean Deviation of 1.08, variance of 1.95, and Market Risk Adjusted Performance of 1.25 to confirm the risk estimate we provide. The firm holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PARKEN Sport are expected to decrease at a much lower rate. During the bear market, PARKEN Sport is likely to outperform the market. PARKEN Sport Enterta has an expected return of -0.0696%. Please make sure to check PARKEN Sport Enterta kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if PARKEN Sport Enterta performance from the past will be repeated at future time.

Auto-correlation

    
  -0.41  

Modest reverse predictability

PARKEN Sport Entertainment has modest reverse predictability. Overlapping area represents the amount of predictability between PARKEN Sport time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 PARKEN Sport Enterta price movement. The serial correlation of -0.41 indicates that just about 41.0% of current PARKEN Sport price fluctuation can be explain by its past prices.
Correlation Coefficient-0.41
Spearman Rank Test-0.41
Residual Average0.0
Price Variance2.63

PARKEN Sport Enterta lagged returns against current returns

Autocorrelation, which is PARKEN Sport 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 PARKEN Sport's stock expected returns. We can calculate the autocorrelation of PARKEN Sport returns to help us make a trade decision. For example, suppose you find that PARKEN Sport 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  

PARKEN Sport 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 PARKEN Sport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARKEN Sport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARKEN Sport stock over time.
   Current vs Lagged Prices   
       Timeline  

PARKEN Sport Lagged Returns

When evaluating PARKEN Sport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARKEN Sport stock have on its future price. PARKEN Sport 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, PARKEN Sport autocorrelation shows the relationship between PARKEN Sport stock current value and its past values and can show if there is a momentum factor associated with investing in PARKEN Sport Entertainment.
   Regressed Prices   
       Timeline  

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Check out PARKEN Sport Correlation, PARKEN Sport Volatility and PARKEN Sport Alpha and Beta module to complement your research on PARKEN Sport.
Note that the PARKEN Sport Enterta information on this page should be used as a complementary analysis to other PARKEN Sport's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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PARKEN Sport 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.
A focus of PARKEN Sport technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of PARKEN Sport trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...