Packagingof America (Germany) Market Value
| PKA Stock | EUR 231.90 2.90 1.24% |
| Symbol | Packagingof |
Packagingof America '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 Packagingof America'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 Packagingof America.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Packagingof America on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Packaging of or generate 0.0% return on investment in Packagingof America over 30 days. Packagingof America is related to or competes with Crown Holdings, Smurfit Kappa, Superior Plus, Origin Agritech, Identiv, and INTUITIVE SURGICAL. Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in th... More
Packagingof America 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 Packagingof America'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 Packaging of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7141 | |||
| Information Ratio | 0.1908 | |||
| Maximum Drawdown | 7.44 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 2.53 |
Packagingof America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Packagingof America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Packagingof America's standard deviation. In reality, there are many statistical measures that can use Packagingof America historical prices to predict the future Packagingof America's volatility.| Risk Adjusted Performance | 0.2244 | |||
| Jensen Alpha | 0.2619 | |||
| Total Risk Alpha | 0.1676 | |||
| Sortino Ratio | 0.3464 | |||
| Treynor Ratio | 0.415 |
Packagingof America Backtested Returns
Packagingof America appears to be very steady, given 3 months investment horizon. Packagingof America maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the firm had a 0.27% return per unit of risk over the last 3 months. We have found thirty technical indicators for Packagingof America, which you can use to evaluate the volatility of the company. Please evaluate Packagingof America's Semi Deviation of 0.0788, risk adjusted performance of 0.2244, and Coefficient Of Variation of 347.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Packagingof America holds a performance score of 21. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Packagingof America returns are very sensitive to returns on the market. As the market goes up or down, Packagingof America is expected to follow. Please check Packagingof America's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Packagingof America's historical price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
Packaging of has very good predictability. Overlapping area represents the amount of predictability between Packagingof America 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 Packagingof America price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Packagingof America price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 25.1 |
Packagingof America lagged returns against current returns
Autocorrelation, which is Packagingof America 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 Packagingof America's stock expected returns. We can calculate the autocorrelation of Packagingof America returns to help us make a trade decision. For example, suppose you find that Packagingof America 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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Packagingof America 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 Packagingof America stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Packagingof America stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Packagingof America stock over time.
Current vs Lagged Prices |
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Packagingof America Lagged Returns
When evaluating Packagingof America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Packagingof America stock have on its future price. Packagingof America 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, Packagingof America autocorrelation shows the relationship between Packagingof America stock current value and its past values and can show if there is a momentum factor associated with investing in Packaging of.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Packagingof Stock
Packagingof America financial ratios help investors to determine whether Packagingof 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 Packagingof with respect to the benefits of owning Packagingof America security.