Pennantpark Floating Rate Stock Market Value
| PFLT Stock | USD 11.16 0.09 0.81% |
| Symbol | PennantPark |
PennantPark Floating Rate Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PennantPark Floating. If investors know PennantPark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PennantPark Floating listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.244 | Earnings Share 1.4 | Revenue Per Share 2.697 | Quarterly Revenue Growth 0.286 | Return On Assets 0.0544 |
The market value of PennantPark Floating Rate is measured differently than its book value, which is the value of PennantPark that is recorded on the company's balance sheet. Investors also form their own opinion of PennantPark Floating's value that differs from its market value or its book value, called intrinsic value, which is PennantPark Floating's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PennantPark Floating's market value can be influenced by many factors that don't directly affect PennantPark Floating's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PennantPark Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennantPark Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennantPark Floating's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PennantPark Floating '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 Floating'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 Floating.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in PennantPark Floating on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding PennantPark Floating Rate or generate 0.0% return on investment in PennantPark Floating over 180 days. PennantPark Floating is related to or competes with Visa, Diamond Hill, Distoken Acquisition, Associated Capital, Brookfield Corp, Blackstone, and Carlyle. PennantPark Floating Rate Capital Ltd. is a business development company More
PennantPark Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.09 |
PennantPark Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PennantPark Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PennantPark Floating's standard deviation. In reality, there are many statistical measures that can use PennantPark Floating historical prices to predict the future PennantPark Floating's volatility.| Risk Adjusted Performance | 0.0501 | |||
| Jensen Alpha | 0.0212 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.252 |
PennantPark Floating Rate Backtested Returns
Currently, PennantPark Floating Rate is very steady. PennantPark Floating Rate maintains Sharpe Ratio (i.e., Efficiency) of 0.0268, which implies the firm had a 0.0268% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PennantPark Floating Rate, which you can use to evaluate the volatility of the company. Please check PennantPark Floating's Coefficient Of Variation of 1546.75, risk adjusted performance of 0.0501, and Semi Deviation of 1.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0219%. PennantPark Floating has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, PennantPark Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding PennantPark Floating is expected to be smaller as well. PennantPark Floating Rate right now holds a risk of 0.82%. Please check PennantPark Floating Rate expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if PennantPark Floating Rate will be following its historical price patterns.
Auto-correlation | 0.66 |
Good predictability
PennantPark Floating Rate has good predictability. Overlapping area represents the amount of predictability between PennantPark Floating time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Floating Rate price movement. The serial correlation of 0.66 indicates that around 66.0% of current PennantPark Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
PennantPark Floating Rate lagged returns against current returns
Autocorrelation, which is PennantPark Floating 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 Floating's stock expected returns. We can calculate the autocorrelation of PennantPark Floating returns to help us make a trade decision. For example, suppose you find that PennantPark Floating 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 |
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PennantPark Floating 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 Floating stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PennantPark Floating stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PennantPark Floating stock over time.
Current vs Lagged Prices |
| Timeline |
PennantPark Floating Lagged Returns
When evaluating PennantPark Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PennantPark Floating stock have on its future price. PennantPark Floating 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 Floating autocorrelation shows the relationship between PennantPark Floating stock current value and its past values and can show if there is a momentum factor associated with investing in PennantPark Floating Rate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PennantPark Stock Analysis
When running PennantPark Floating's price analysis, check to measure PennantPark Floating'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 PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.