Parks America Stock Market Value
| PRKA Stock | USD 0.44 0.01 2.33% |
| Symbol | Parks |
Parks 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 Parks America'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 Parks America.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Parks America on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Parks America or generate 0.0% return on investment in Parks America over 30 days. Parks America is related to or competes with Arhaus, Floor Decor, Live Ventures, ATT, Verizon Communications, HP, and GE Aerospace. America, Inc., through its subsidiaries, engages in acquiring, developing, and operating local and regional theme parks ... More
Parks 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 Parks America'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 Parks America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.75 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 21.52 | |||
| Value At Risk | (6.52) | |||
| Potential Upside | 7.32 |
Parks America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parks America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parks America's standard deviation. In reality, there are many statistical measures that can use Parks America historical prices to predict the future Parks America's volatility.| Risk Adjusted Performance | 0.029 | |||
| Jensen Alpha | 0.0748 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | 0.2834 |
Parks America Backtested Returns
At this point, Parks America is out of control. Parks America maintains Sharpe Ratio (i.e., Efficiency) of 0.0289, which implies the firm had a 0.0289% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parks America, which you can use to evaluate the volatility of the company. Please check Parks America's Semi Deviation of 3.19, coefficient of variation of 3501.56, and Risk Adjusted Performance of 0.029 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Parks America has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parks America's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parks America is expected to be smaller as well. Parks America right now holds a risk of 4.23%. Please check Parks America skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Parks America will be following its historical price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Parks America has very weak reverse predictability. Overlapping area represents the amount of predictability between Parks America time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Parks America price movement. The serial correlation of -0.03 indicates that only 3.0% of current Parks America price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Parks America lagged returns against current returns
Autocorrelation, which is Parks America 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 Parks America's pink sheet expected returns. We can calculate the autocorrelation of Parks America returns to help us make a trade decision. For example, suppose you find that Parks America 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 |
Parks 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 Parks America pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parks America pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parks America pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Parks America Lagged Returns
When evaluating Parks America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parks America pink sheet have on its future price. Parks 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, Parks America autocorrelation shows the relationship between Parks America pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Parks America.
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.Other Information on Investing in Parks Pink Sheet
Parks America financial ratios help investors to determine whether Parks 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 Parks with respect to the benefits of owning Parks America security.