Parkland Stock Market Value
| PKIUF Stock | USD 22.90 0.38 1.69% |
| Symbol | Parkland |
Parkland '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 Parkland's pink sheet 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 Parkland.
| 01/06/2023 |
| 12/26/2024 |
If you would invest 0.00 in Parkland on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Parkland or generate 0.0% return on investment in Parkland over 720 days. Parkland is related to or competes with Tandy Leather, EVgo Equity, Sally Beauty, National Vision, Arko Corp, Murphy USA, and Caseys General. Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Centra... More
Parkland 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 Parkland's pink sheet 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 Parkland upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.56 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.62 |
Parkland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parkland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parkland's standard deviation. In reality, there are many statistical measures that can use Parkland historical prices to predict the future Parkland's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parkland's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Parkland Backtested Returns
Parkland maintains Sharpe Ratio (i.e., Efficiency) of -0.0838, which implies the firm had a -0.0838% return per unit of risk over the last 3 months. Parkland exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parkland's Variance of 4.25, coefficient of variation of (1,244), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.72, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parkland's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parkland is expected to be smaller as well. At this point, Parkland has a negative expected return of -0.17%. Please make sure to check Parkland's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Parkland performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Parkland has excellent reverse predictability. Overlapping area represents the amount of predictability between Parkland time series from 6th of January 2023 to 1st of January 2024 and 1st of January 2024 to 26th of December 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 Parkland price movement. The serial correlation of -0.84 indicates that around 84.0% of current Parkland price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 8.54 |
Parkland lagged returns against current returns
Autocorrelation, which is Parkland pink sheet'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 Parkland's pink sheet expected returns. We can calculate the autocorrelation of Parkland returns to help us make a trade decision. For example, suppose you find that Parkland has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Parkland 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 Parkland pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parkland pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parkland pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Parkland Lagged Returns
When evaluating Parkland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parkland pink sheet have on its future price. Parkland 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, Parkland autocorrelation shows the relationship between Parkland pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Parkland.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Parkland Pink Sheet
Parkland financial ratios help investors to determine whether Parkland Pink Sheet 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 Parkland with respect to the benefits of owning Parkland security.