Penn National Stock Forecast - Daily Balance Of Power

PENN
 Stock
  

USD 33.97  0.21  0.61%   

Penn National Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Penn National historical stock prices and determine the direction of Penn National Gaming'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 National historical fundamentals such as revenue growth or operating cash flow patterns. Although Penn National 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 National Gaming systematic risk associated with finding meaningful patterns of Penn National fundamentals over time.
Please check Historical Fundamental Analysis of Penn National to cross-verify your projections.
  
Penn National 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 National 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 2022-12-09 Penn National Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Penn National'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 National's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Penn National 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 National's open interest, investors have to compare it to Penn National'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 National 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 National. 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 National Gaming has current Daily Balance Of Power of 0.
Most investors in Penn National 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 National's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Penn National's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Penn National Gaming market sensitivity to bulls and bears. It estimates the ability of Penn National buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Penn National Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
(0.48)0
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Penn National Trading Date Momentum

On December 06 2022 Penn National Gaming was traded for  33.97  at the closing time. The top price for the day was 34.40  and the lowest listed price was  33.04 . The trading volume for the day was 2.3 M. The trading history from December 6, 2022 did not cause price change. The trading delta at closing time against the current closing price is 1.21% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Penn National

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

Penn National 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 National stock to make a market-neutral strategy. Peer analysis of Penn National could also be used in its relative valuation, which is a method of valuing Penn National by comparing valuation metrics with similar companies.
Comcast CorpElectronic ArtsInternational GameNetflixCOMSovereign Holding CorpPfizer IncAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian Gold
 Risk & Return  Correlation

Penn National Gaming 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 National'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 National's current price.

Penn National Risk Indicators

The analysis of Penn National'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 National's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Penn National 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Penn National without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Currently Active Assets on Macroaxis

Please check Historical Fundamental Analysis of Penn National to cross-verify your projections. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Penn National'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 National. If investors know Penn National 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 National 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
0.383
Market Capitalization
5.3 B
Quarterly Revenue Growth YOY
0.075
Return On Assets
0.0428
Return On Equity
0.0735
The market value of Penn National Gaming is measured differently than its book value, which is the value of Penn National that is recorded on the company's balance sheet. Investors also form their own opinion of Penn National's value that differs from its market value or its book value, called intrinsic value, which is Penn National'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 National's market value can be influenced by many factors that don't directly affect Penn National'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 National's value and its price as these two are different measures arrived at by different means. Investors typically determine Penn National value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn National'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.