PennantPark Investment (Germany) Market Value
| 12P Stock | EUR 6.43 0.15 2.28% |
| Symbol | PennantPark |
PennantPark Investment '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 PennantPark Investment'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 PennantPark Investment.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in PennantPark Investment on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding PennantPark Investment or generate 0.0% return on investment in PennantPark Investment over 30 days. PennantPark Investment is related to or competes with Ameriprise Financial, Ares Management, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. PennantPark Investment Corporation specializes in direct and mezzanine investments in middle market companies More
PennantPark Investment 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 PennantPark Investment'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 PennantPark Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.8 |
PennantPark Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PennantPark Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PennantPark Investment's standard deviation. In reality, there are many statistical measures that can use PennantPark Investment historical prices to predict the future PennantPark Investment's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | 0.0201 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1413 |
PennantPark Investment Backtested Returns
At this point, PennantPark Investment is somewhat reliable. PennantPark Investment maintains Sharpe Ratio (i.e., Efficiency) of 0.059, which implies the firm had a 0.059% return per unit of risk over the last 3 months. We have found thirty technical indicators for PennantPark Investment, which you can use to evaluate the volatility of the company. Please check PennantPark Investment's Coefficient Of Variation of 1333.12, risk adjusted performance of 0.0627, and Semi Deviation of 1.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0949%. PennantPark Investment has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PennantPark Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding PennantPark Investment is expected to be smaller as well. PennantPark Investment right now holds a risk of 1.61%. Please check PennantPark Investment semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if PennantPark Investment will be following its historical price patterns.
Auto-correlation | -0.53 |
Good reverse predictability
PennantPark Investment has good reverse predictability. Overlapping area represents the amount of predictability between PennantPark Investment time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 PennantPark Investment price movement. The serial correlation of -0.53 indicates that about 53.0% of current PennantPark Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PennantPark Investment lagged returns against current returns
Autocorrelation, which is PennantPark Investment 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 PennantPark Investment's stock expected returns. We can calculate the autocorrelation of PennantPark Investment returns to help us make a trade decision. For example, suppose you find that PennantPark Investment 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 |
PennantPark Investment 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 PennantPark Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PennantPark Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PennantPark Investment stock over time.
Current vs Lagged Prices |
| Timeline |
PennantPark Investment Lagged Returns
When evaluating PennantPark Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PennantPark Investment stock have on its future price. PennantPark Investment 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, PennantPark Investment autocorrelation shows the relationship between PennantPark Investment stock current value and its past values and can show if there is a momentum factor associated with investing in PennantPark Investment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in PennantPark Stock
When determining whether PennantPark Investment is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennantPark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennantpark Investment Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Investment Stock:Check out PennantPark Investment Correlation, PennantPark Investment Volatility and PennantPark Investment Alpha and Beta module to complement your research on PennantPark Investment. For more detail on how to invest in PennantPark Stock please use our How to Invest in PennantPark Investment guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
PennantPark Investment 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.