Palfinger (Austria) Market Value
| PAL Stock | EUR 28.10 0.55 2.00% |
| Symbol | Palfinger |
Palfinger '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 Palfinger'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 Palfinger.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Palfinger on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Palfinger AG or generate 0.0% return on investment in Palfinger over 90 days. Palfinger is related to or competes with Wiener Privatbank, BKS Bank, Addiko Bank, Erste Group, CNH Industrial, and UNIQA Insurance. More
Palfinger 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 Palfinger'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 Palfinger AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.3354 | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 4.0 |
Palfinger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palfinger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palfinger's standard deviation. In reality, there are many statistical measures that can use Palfinger historical prices to predict the future Palfinger's volatility.| Risk Adjusted Performance | 0.2536 | |||
| Jensen Alpha | 0.5971 | |||
| Total Risk Alpha | 0.7936 | |||
| Sortino Ratio | 0.4762 | |||
| Treynor Ratio | 1.22 |
Palfinger AG Backtested Returns
Palfinger appears to be very steady, given 3 months investment horizon. Palfinger AG maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the firm had a 0.32 % return per unit of risk over the last 3 months. By analyzing Palfinger's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Palfinger's Coefficient Of Variation of 351.06, risk adjusted performance of 0.2536, and Semi Deviation of 0.8574 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Palfinger holds a performance score of 25. The company holds a Beta of 0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Palfinger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Palfinger is expected to be smaller as well. Please check Palfinger's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Palfinger's historical price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Palfinger AG has very good predictability. Overlapping area represents the amount of predictability between Palfinger time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Palfinger AG price movement. The serial correlation of 0.8 indicates that around 80.0% of current Palfinger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Palfinger AG lagged returns against current returns
Autocorrelation, which is Palfinger 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 Palfinger's stock expected returns. We can calculate the autocorrelation of Palfinger returns to help us make a trade decision. For example, suppose you find that Palfinger 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 |
Palfinger 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 Palfinger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palfinger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palfinger stock over time.
Current vs Lagged Prices |
| Timeline |
Palfinger Lagged Returns
When evaluating Palfinger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palfinger stock have on its future price. Palfinger 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, Palfinger autocorrelation shows the relationship between Palfinger stock current value and its past values and can show if there is a momentum factor associated with investing in Palfinger AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Palfinger Stock
Palfinger financial ratios help investors to determine whether Palfinger Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Palfinger with respect to the benefits of owning Palfinger security.