PENN Entertainment,'s market value is the price at which a share of PENN Entertainment, trades on a public exchange. It measures the collective expectations of PENN Entertainment, investors about its performance. PENN Entertainment, is trading at 11.79 as of the 5th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 11.79. With this module, you can estimate the performance of a buy and hold strategy of PENN Entertainment, and determine expected loss or profit from investing in PENN Entertainment, over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
PENN
PENN Entertainment, '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 Entertainment,'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 Entertainment,.
0.00
11/06/2024
No Change 0.00
0.0
In 2 months and 1 day
01/05/2025
0.00
If you would invest 0.00 in PENN Entertainment, on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding PENN Entertainment, or generate 0.0% return on investment in PENN Entertainment, over 60 days.
PENN Entertainment, 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 Entertainment,'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 Entertainment, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PENN Entertainment,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PENN Entertainment,'s standard deviation. In reality, there are many statistical measures that can use PENN Entertainment, historical prices to predict the future PENN Entertainment,'s volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PENN Entertainment,. Your research has to be compared to or analyzed against PENN Entertainment,'s peers to derive any actionable benefits. When done correctly, PENN Entertainment,'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 PENN Entertainment,.
PENN Entertainment, Backtested Returns
PENN Entertainment, appears to be not too volatile, given 3 months investment horizon. PENN Entertainment, maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of volatility over the last 3 months. We have found nineteen technical indicators for PENN Entertainment,, which you can use to evaluate the volatility of the company. Please evaluate PENN Entertainment,'s risk adjusted performance of 0.1443, and Coefficient Of Variation of 582.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PENN Entertainment, holds a performance score of 12. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, PENN Entertainment,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding PENN Entertainment, is expected to be smaller as well. Please check PENN Entertainment,'s value at risk, skewness, and the relationship between the total risk alpha and potential upside , to make a quick decision on whether PENN Entertainment,'s historical price patterns will revert.
Auto-correlation
-0.57
Good reverse predictability
PENN Entertainment, has good reverse predictability. Overlapping area represents the amount of predictability between PENN Entertainment, time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 2025. 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 Entertainment, price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current PENN Entertainment, price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.57
Spearman Rank Test
-0.58
Residual Average
0.0
Price Variance
0.01
PENN Entertainment, lagged returns against current returns
Autocorrelation, which is PENN Entertainment, 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 Entertainment,'s stock expected returns. We can calculate the autocorrelation of PENN Entertainment, returns to help us make a trade decision. For example, suppose you find that PENN Entertainment, 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 Entertainment, 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 Entertainment, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PENN Entertainment, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PENN Entertainment, stock over time.
Current vs Lagged Prices
Timeline
PENN Entertainment, Lagged Returns
When evaluating PENN Entertainment,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PENN Entertainment, stock have on its future price. PENN Entertainment, 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 Entertainment, autocorrelation shows the relationship between PENN Entertainment, stock current value and its past values and can show if there is a momentum factor associated with investing in PENN Entertainment,.
Regressed Prices
Timeline
Also Currently Popular
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.