Penn Entertainment Stock Forecast - Accumulation Distribution

PENN
 Stock
  

USD 33.67  1.31  3.75%   

Penn Entertainment Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Penn Entertainment historical stock prices and determine the direction of Penn Entertainment's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Penn Entertainment historical fundamentals such as revenue growth or operating cash flow patterns. Although Penn Entertainment naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Penn Entertainment systematic risk associated with finding meaningful patterns of Penn Entertainment fundamentals over time.
Please check Historical Fundamental Analysis of Penn Entertainment to cross-verify your projections.
  
Penn Entertainment PPandE Turnover is quite stable at the moment as compared to the past year. The company's current value of PPandE Turnover is estimated at 1.50. Receivables Turnover is expected to rise to 50.48 this year, although the value of Accounts Payable Turnover will most likely fall to 113.82. . Penn Entertainment Weighted Average Shares is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares is estimated at 171.23 Million. Weighted Average Shares Diluted is expected to rise to about 189.4 M this year, although the value of Issuance Purchase of Equity Shares will most likely fall to (21.2 M).

Open Interest Agains t 2022-12-02 Penn Entertainment Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Penn Entertainment's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Penn Entertainment's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Penn Entertainment stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Penn Entertainment's open interest, investors have to compare it to Penn Entertainment's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Penn Entertainment is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Penn Entertainment. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Penn Entertainment has current Accumulation Distribution of 66094.31.
Most investors in Penn Entertainment cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Penn Entertainment's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Penn Entertainment's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Penn Entertainment is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Penn Entertainment to determine if accumulation or reduction is taking place in the market. This value is adjusted by Penn Entertainment trading volume to give more weight to distributions with higher volume over lower volume.
  Previous Accumulation DistributionAccumulation DistributionTrend
066094.31
Check Penn Entertainment VolatilityBacktest Penn EntertainmentInformation Ratio  

Penn Entertainment Trading Date Momentum

On November 28 2022 Penn Entertainment was traded for  33.67  at the closing time. The top price for the day was 34.53  and the lowest listed price was  33.52 . The trading volume for the day was 2.3 M. The trading history from November 28, 2022 did not cause price change. The trading delta at closing time against the current closing price is 0.21% .
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare Penn Entertainment to competition

Other Forecasting Options for Penn Entertainment

For every potential investor in Penn Entertainment, whether a beginner or expert, Penn Entertainment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Penn Entertainment Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Penn Entertainment. Basic forecasting techniques help filter out the noise by identifying Penn Entertainment's price trends.

Penn Entertainment Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Penn Entertainment stock to make a market-neutral strategy. Peer analysis of Penn Entertainment could also be used in its relative valuation, which is a method of valuing Penn Entertainment by comparing valuation metrics with similar companies.
Activision BlizzardComcast Corp ACinemark HoldingsWalt DisneyDish Network CorpElectronic ArtsFox Corp ClGamestop CorpHasbro IncAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp Billiton
 Risk & Return  Correlation

Penn Entertainment Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Penn Entertainment's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Penn Entertainment's current price.

Penn Entertainment Market Strength Events

Market strength indicators help investors to evaluate how Penn Entertainment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Penn Entertainment shares will generate the highest return on investment. By undertsting and applying Penn Entertainment stock market strength indicators, traders can identify Penn Entertainment entry and exit signals to maximize returns.

Penn Entertainment Risk Indicators

The analysis of Penn Entertainment's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Penn Entertainment's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Penn Entertainment stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Penn Entertainment Investors Sentiment

The influence of Penn Entertainment's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Penn Entertainment. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Penn Entertainment's public news can be used to forecast risks associated with investment in Penn Entertainment. The trend in average sentiment can be used to explain how an investor holding Penn Entertainment can time the market purely based on public headlines and social activities around Penn Entertainment. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Penn Entertainment's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Penn Entertainment's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Penn Entertainment's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Penn Entertainment.

Penn Entertainment Implied Volatility

    
  48.62  
Penn Entertainment's implied volatility exposes the market's sentiment of Penn Entertainment stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Penn Entertainment's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Penn Entertainment stock will not fluctuate a lot when Penn Entertainment's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Penn Entertainment in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Penn Entertainment's short interest history, or implied volatility extrapolated from Penn Entertainment options trading.

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Please check Historical Fundamental Analysis of Penn Entertainment to cross-verify your projections. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running Penn Entertainment price analysis, check to measure Penn Entertainment'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 Penn Entertainment is operating at the current time. Most of Penn Entertainment's value examination focuses on studying past and present price action to predict the probability of Penn Entertainment's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Penn Entertainment's price. Additionally, you may evaluate how the addition of Penn Entertainment to your portfolios can decrease your overall portfolio volatility.
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Is Penn Entertainment'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 Penn Entertainment. If investors know Penn Entertainment 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 Penn Entertainment 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 YOY
0.38
Market Capitalization
5.4 B
Quarterly Revenue Growth YOY
0.075
Return On Assets
0.0428
Return On Equity
0.0735
The market value of Penn Entertainment is measured differently than its book value, which is the value of Penn Entertainment that is recorded on the company's balance sheet. Investors also form their own opinion of Penn Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Penn Entertainment'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 Penn Entertainment's market value can be influenced by many factors that don't directly affect Penn Entertainment'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 Penn Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine Penn Entertainment value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn Entertainment'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.