Parker Hannifin Stock Market Value
| PH Stock | USD 544.91 9.53 1.72% |
| Symbol | Parker |
Parker Hannifin Price To Book Ratio
Is Parker Hannifin's industry 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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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 0.72 | Dividend Share 5.77 | Earnings Share 20.24 | Revenue Per Share 154.399 | Quarterly Revenue Growth 0.031 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin'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 Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin'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 Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin'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.
Parker Hannifin '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 Parker Hannifin'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 Parker Hannifin.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Parker Hannifin on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Parker Hannifin or generate 0.0% return on investment in Parker Hannifin over 30 days. Parker Hannifin is related to or competes with Emerson Electric, Smith AO, and Eaton PLC. Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, indus... More
Parker Hannifin 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 Parker Hannifin'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 Parker Hannifin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8985 | |||
| Information Ratio | 0.1258 | |||
| Maximum Drawdown | 9.08 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 2.03 |
Parker Hannifin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parker Hannifin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parker Hannifin's standard deviation. In reality, there are many statistical measures that can use Parker Hannifin historical prices to predict the future Parker Hannifin's volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 0.1508 | |||
| Total Risk Alpha | 0.1165 | |||
| Sortino Ratio | 0.1929 | |||
| Treynor Ratio | 0.153 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parker Hannifin'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.
Parker Hannifin Backtested Returns
We consider Parker Hannifin very steady. Parker Hannifin maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parker Hannifin, which you can use to evaluate the volatility of the company. Please check Parker Hannifin's Risk Adjusted Performance of 0.1137, coefficient of variation of 592.12, and Semi Deviation of 0.6505 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Parker Hannifin has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of 1.46, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Parker Hannifin will likely underperform. Parker Hannifin right now holds a risk of 0.97%. Please check Parker Hannifin potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Parker Hannifin will be following its historical price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Parker Hannifin has very weak reverse predictability. Overlapping area represents the amount of predictability between Parker Hannifin time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Parker Hannifin price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Parker Hannifin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 37.9 |
Parker Hannifin lagged returns against current returns
Autocorrelation, which is Parker Hannifin 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 Parker Hannifin's stock expected returns. We can calculate the autocorrelation of Parker Hannifin returns to help us make a trade decision. For example, suppose you find that Parker Hannifin 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 |
Parker Hannifin 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 Parker Hannifin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parker Hannifin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parker Hannifin stock over time.
Current vs Lagged Prices |
| Timeline |
Parker Hannifin Lagged Returns
When evaluating Parker Hannifin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parker Hannifin stock have on its future price. Parker Hannifin 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, Parker Hannifin autocorrelation shows the relationship between Parker Hannifin stock current value and its past values and can show if there is a momentum factor associated with investing in Parker Hannifin.
Regressed Prices |
| Timeline |
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Check out Parker Hannifin Correlation, Parker Hannifin Volatility and Parker Hannifin Alpha and Beta module to complement your research on Parker Hannifin. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Parker Stock analysis
When running Parker Hannifin's price analysis, check to measure Parker Hannifin'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 Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.
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Parker Hannifin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.