Parker-Hannifin Stock Market Value

PH
 Stock
  

USD 308.00  5.74  1.90%   

Parker-Hannifin Corp's market value is the price at which a share of Parker-Hannifin Corp stock trades on a public exchange. It measures the collective expectations of Parker-Hannifin Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Parker-Hannifin Corp and determine expected loss or profit from investing in Parker-Hannifin Corp over a given investment horizon. Please check Parker-Hannifin Corp Hype Analysis, Parker-Hannifin Corp Correlation, Parker-Hannifin Corp Valuation, Parker-Hannifin Corp Volatility, as well as analyze Parker-Hannifin Corp Alpha and Beta and Parker-Hannifin Corp Performance.
Symbol


Is Parker-Hannifin Corp'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 Corp. If investors know Parker-Hannifin 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 Corp 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
-0.74
Market Capitalization
37.2 B
Quarterly Revenue Growth YOY
0.058
Return On Assets
0.0769
Return On Equity
0.15
The market value of Parker-Hannifin Corp is measured differently than its book value, which is the value of Parker-Hannifin that is recorded on the company's balance sheet. Investors also form their own opinion of Parker-Hannifin Corp's value that differs from its market value or its book value, called intrinsic value, which is Parker-Hannifin Corp'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 Corp's market value can be influenced by many factors that don't directly affect Parker-Hannifin Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Parker-Hannifin Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker-Hannifin Corp'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 Corp '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 Corp'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 Corp.
0.00
07/13/2022
No Change 0.00  0.0 
In 31 days
08/12/2022
0.00
If you would invest  0.00  in Parker-Hannifin Corp on July 13, 2022 and sell it all today you would earn a total of 0.00 from holding Parker-Hannifin Corp or generate 0.0% return on investment in Parker-Hannifin Corp over 30 days. Parker-Hannifin Corp is related to or competes with T-Mobile, Apple, KE Holdings, Coca Cola, Intel Corp, Exxon, and Boeing. Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, indus...More

Parker-Hannifin Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.

Parker-Hannifin Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Parker-Hannifin Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parker-Hannifin Corp's standard deviation. In reality, there are many statistical measures that can use Parker-Hannifin Corp historical prices to predict the future Parker-Hannifin Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Parker-Hannifin Corp'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. Please use the tools below to analyze the current value of Parker-Hannifin Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
303.69305.67307.65
Details
Intrinsic
Valuation
LowReal ValueHigh
279.99281.97335.96
Details
Naive
Forecast
LowNext ValueHigh
295.89297.86299.84
Details
12 Analysts
Consensus
LowTarget PriceHigh
260.00347.08385.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Parker-Hannifin Corp. Your research has to be compared to or analyzed against Parker-Hannifin Corp's peers to derive any actionable benefits. When done correctly, Parker-Hannifin Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Parker-Hannifin Corp.

Parker-Hannifin Corp Backtested Returns

Parker-Hannifin Corp appears to be very steady, given 3 months investment horizon. Parker-Hannifin Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had 0.12% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Parker-Hannifin Corp, which you can use to evaluate the future volatility of the company. Please evaluate Parker-Hannifin Corp's Risk Adjusted Performance of 0.1252, semi deviation of 1.64, and Coefficient Of Variation of 1023.4 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Parker-Hannifin Corp holds a performance score of 9. The company holds a Beta of 1.3317, which implies a somewhat significant risk relative to the market. Let's try to break down what Parker-Hannifin's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Parker-Hannifin Corp will likely underperform. Although it is important to respect Parker-Hannifin Corp current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Parker-Hannifin Corp technical indicators, you can presently evaluate if the expected return of 0.24% will be sustainable into the future. Please employ Parker-Hannifin Corp potential upside, as well as the relationship between the kurtosis and day typical price to make a quick decision on whether Parker-Hannifin Corp historical price patterns will revert.

Auto-correlation

    
  0.89  

Very good predictability

Parker-Hannifin Corp has very good predictability. Overlapping area represents the amount of predictability between Parker-Hannifin Corp time series from 13th of July 2022 to 28th of July 2022 and 28th of July 2022 to 12th of August 2022. 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 Corp price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Parker-Hannifin Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.89
Spearman Rank Test0.89
Residual Average0.0
Price Variance48.2

Parker-Hannifin Corp lagged returns against current returns

Autocorrelation, which is Parker-Hannifin Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of Parker-Hannifin Corp returns to help us make a trade decision. For example, suppose you find that Parker-Hannifin Corp stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Parker-Hannifin Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parker-Hannifin Corp 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 Corp stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Parker-Hannifin Corp Lagged Returns

When evaluating Parker-Hannifin Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parker-Hannifin Corp stock have on its future price. Parker-Hannifin Corp 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 Corp autocorrelation shows the relationship between Parker-Hannifin Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Parker-Hannifin Corp.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Parker-Hannifin Corp without increasing your portfolio risk or giving up 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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Please check Parker-Hannifin Corp Hype Analysis, Parker-Hannifin Corp Correlation, Parker-Hannifin Corp Valuation, Parker-Hannifin Corp Volatility, as well as analyze Parker-Hannifin Corp Alpha and Beta and Parker-Hannifin Corp Performance. Note that the Parker-Hannifin Corp information on this page should be used as a complementary analysis to other Parker-Hannifin Corp'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Parker-Hannifin Corp price analysis, check to measure Parker-Hannifin Corp'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 Corp is operating at the current time. Most of Parker-Hannifin Corp's value examination focuses on studying past and present price action to predict the probability of Parker-Hannifin Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parker-Hannifin Corp's price. Additionally, you may evaluate how the addition of Parker-Hannifin Corp to your portfolios can decrease your overall portfolio volatility.
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Parker-Hannifin Corp 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.
A focus of Parker-Hannifin Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parker-Hannifin Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...