Parker Hannifin (Germany) Price on July 31, 2024
| PAR Stock | EUR 618.40 3.40 0.55% |
If you're considering investing in Parker Stock, it is important to understand the factors that can impact its price. As of today, the current price of Parker Hannifin stands at 618.40, as last reported on the 27th of December, with the highest price reaching 621.80 and the lowest price hitting 618.40 during the day. At this point, Parker Hannifin is very steady. Parker Hannifin maintains Sharpe Ratio (i.e., Efficiency) of 0.082, which implies the firm had a 0.082% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parker Hannifin, which you can use to evaluate the volatility of the company. Please check Parker Hannifin's Coefficient Of Variation of 1262.16, semi deviation of 1.24, and Risk Adjusted Performance of 0.0693 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
Parker Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Parker |
Sharpe Ratio = 0.082
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Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Parker Hannifin is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parker Hannifin by adding it to a well-diversified portfolio.
Parker Hannifin Valuation on July 31, 2024
It is possible to determine the worth of Parker Hannifin on a given historical date. On July 31, 2024 Parker was worth 504.74 at the beginning of the trading date compared to the closed value of 504.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parker Hannifin stock. Still, in general, we apply an absolute valuation method to find Parker Hannifin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parker Hannifin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parker Hannifin's related companies.
| Open | High | Low | Close | Volume | |
| 502.36 | 502.36 | 502.36 | 502.36 | 132.00 | |
07/31/2024 | 504.74 | 504.74 | 504.74 | 504.74 | 346.00 |
| 514.49 | 524.83 | 488.73 | 488.73 | 755.00 |
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Parker Hannifin Trading Date Momentum on July 31, 2024
| On August 01 2024 Parker Hannifin was traded for 488.73 at the closing time. The highest daily price throughout the period was 524.83 and the lowest price was 488.73 . The daily volume was 755. The net trading volume on 08/01/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.17% . The trading delta at closing time to current closing price is 2.44% . |
Parker Hannifin Fundamentals Correlations and Trends
By evaluating Parker Hannifin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parker Hannifin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parker financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parker Hannifin Stock history
Parker Hannifin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parker is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parker Hannifin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parker Hannifin stock prices may prove useful in developing a viable investing in Parker Hannifin
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Parker-Hannifin Corporation was founded in 1918 and is headquartered in Cleveland, Ohio. PARKER HANNIFIN is traded on Frankfurt Stock Exchange in Germany.
Parker Hannifin Stock Technical Analysis
Parker Hannifin 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.
Price Boundaries
Parker Hannifin Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Parker Hannifin cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Parker Hannifin December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Parker Hannifin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parker Hannifin shares will generate the highest return on investment. By undertsting and applying Parker Hannifin stock market strength indicators, traders can identify Parker Hannifin entry and exit signals to maximize returns
Parker Hannifin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parker Hannifin's price direction in advance. Along with the technical and fundamental analysis of Parker Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parker to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 0.1475 | |||
| Total Risk Alpha | 0.0437 | |||
| Sortino Ratio | 0.0885 | |||
| Treynor Ratio | 0.48 |
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| Volume Indicators |
Complementary Tools for Parker Stock analysis
When running Parker Hannifin's price analysis, check to measure Parker Hannifin'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 Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.
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