Penn National (Germany) Market Value
| PN1 Stock | EUR 14.52 0.03 0.21% |
| Symbol | Penn |
Penn National '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 Penn National'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 Penn National.
| 03/01/2024 |
| 05/30/2024 |
If you would invest 0.00 in Penn National on March 1, 2024 and sell it all today you would earn a total of 0.00 from holding Penn National Gaming or generate 0.0% return on investment in Penn National over 90 days. Penn National is related to or competes with SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR/1, Vanguard Funds, and SYNNEX. Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a foc... More
Penn National 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 Penn National'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 Penn National Gaming upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.78 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 4.48 |
Penn National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penn National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penn National's standard deviation. In reality, there are many statistical measures that can use Penn National historical prices to predict the future Penn National's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (9.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Penn National'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.
Penn National Gaming Backtested Returns
Penn National Gaming maintains Sharpe Ratio (i.e., Efficiency) of -0.055, which implies the firm had a -0.055% return per unit of risk over the last 3 months. Penn National Gaming exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Penn National's Coefficient Of Variation of (3,935), risk adjusted performance of (0.01), and Variance of 11.92 to confirm the risk estimate we provide. The company holds a Beta of 0.01, which implies not very significant fluctuations relative to the market. As returns on the market increase, Penn National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Penn National is expected to be smaller as well. Penn National Gaming has an expected return of -0.18%. Please make sure to check Penn National Gaming total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Penn National Gaming performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Penn National Gaming has good predictability. Overlapping area represents the amount of predictability between Penn National time series from 1st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of May 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 Penn National Gaming price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Penn National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Penn National Gaming lagged returns against current returns
Autocorrelation, which is Penn National 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 Penn National's stock expected returns. We can calculate the autocorrelation of Penn National returns to help us make a trade decision. For example, suppose you find that Penn National 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 |
Penn National 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 Penn National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penn National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penn National stock over time.
Current vs Lagged Prices |
| Timeline |
Penn National Lagged Returns
When evaluating Penn National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penn National stock have on its future price. Penn National 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, Penn National autocorrelation shows the relationship between Penn National stock current value and its past values and can show if there is a momentum factor associated with investing in Penn National Gaming.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Penn National Gaming offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penn National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Penn National Gaming Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penn National Gaming Stock:Check out Penn National Correlation, Penn National Volatility and Penn National Alpha and Beta module to complement your research on Penn National. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Penn Stock analysis
When running Penn National's price analysis, check to measure Penn National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Penn National is operating at the current time. Most of Penn National's value examination focuses on studying past and present price action to predict the probability of Penn National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Penn National's price. Additionally, you may evaluate how the addition of Penn National to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Penn National 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.