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Parity Group
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PenkeI guess you are interested in Parity Group. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Parity Group. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Parity Group (30 sec.)










What can you expect buying and holding a share of Parity Group? (30 sec.)

How much money do you get?

How much money do you get?
p0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
p4.67
Expected worth in 1 year
p-3.93
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
p-8.60
Return On Investment
-1,011.7%

For what price can you sell your share?

Current Price per Share
p0.85
Expected price per share
p0.75 - p0.95
How sure are you?
50%

1. Valuation of Parity Group (5 min.)




Live pricePrice per Share (EOD)

p0.85

Intrinsic Value Per Share

p-30.56 - p5.09

Total Value Per Share

p-25.89 - p9.75

2. Growth of Parity Group (5 min.)




Is Parity Group growing?

Current yearPrevious yearGrowGrow %
How rich?$6m$8.8m-$2.7m-46.1%

How much money is Parity Group making?

Current yearPrevious yearGrowGrow %
Making money-$2.1m-$802.5k-$1.3m-62.9%
Net Profit Margin-4.2%-1.4%--

How much money comes from the company's main activities?

3. Financial Health of Parity Group (5 min.)




4. Comparing to competitors in the Information Technology Services industry (5 min.)




  Industry Rankings (Information Technology Services)  


Richest
#349 / 401

Most Revenue
#223 / 401

Most Profit
#327 / 401

Most Efficient
#297 / 401

What can you expect buying and holding a share of Parity Group? (5 min.)

Welcome investor! Parity Group's management wants to use your money to grow the business. In return you get a share of Parity Group.

What can you expect buying and holding a share of Parity Group?

First you should know what it really means to hold a share of Parity Group. And how you can make/lose money.

Speculation

The Price per Share of Parity Group is p0.85. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Parity Group.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Parity Group, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is p4.67. Based on the TTM, the Book Value Change Per Share is p-2.15 per quarter. Based on the YOY, the Book Value Change Per Share is p0.14 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is p0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Parity Group.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 p% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Share
Usd Eps-0.02-2.5%-0.02-2.5%-0.01-0.9%-0.01-1.1%-0.01-1.3%
Usd Book Value Change Per Share-0.03-3.2%-0.03-3.2%0.000.2%-0.01-0.6%0.000.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.03-3.2%-0.03-3.2%0.000.2%-0.01-0.6%0.000.1%
Usd Price Per Share0.08-0.08-0.09-0.10-0.15-
Price to Earnings Ratio-3.76--3.76--10.94-32.38-82.10-
Price-to-Total Gains Ratio-2.91--2.91-49.34--8.98--0.92-
Price to Book Ratio1.34-1.34-0.99-1.31-1.65-
Price-to-Total Gains Ratio-2.91--2.91-49.34--8.98--0.92-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0107253
Number of shares93237
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.03-0.01
Usd Total Gains Per Share-0.03-0.01
Gains per Quarter (93237 shares)-2,529.25-507.41
Gains per Year (93237 shares)-10,116.98-2,029.63
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-10117-101270-2030-2040
20-20234-202440-4059-4070
30-30351-303610-6089-6100
40-40468-404780-8119-8130
50-50585-505950-10148-10160
60-60702-607120-12178-12190
70-70819-708290-14207-14220
80-80936-809460-16237-16250
90-91053-910630-18267-18280
100-101170-1011800-20296-20310

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%3.07.00.030.0%16.016.00.050.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%5.05.00.050.0%17.015.00.053.1%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%3.00.029.09.4%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%2.03.00.040.0%5.05.00.050.0%17.015.00.053.1%

Fundamentals of Parity Group

About Parity Group

Partway Group Plc, together with its subsidiaries, provides a recruitment, and data and technology solutions in the United Kingdom, European Union, and internationally. It offers data services, such as data science, data assessment, data strategy, and data driven efficiencies. The company also provides people solutions, such as permanent and contract recruitment in the fields of IT and business change, digital transformation, data and analytics, and infrastructure and software engineering. It serves government, defense, health, education, ICT, utility, retail and FMCG, financial, and professional and business industries, as well as not for profit organizations. The company was formerly known as Parity Group plc and changed its name to Partway Group Plc in December 2023. The company was founded in 1993 and is based in London, the United Kingdom.

Fundamental data was last updated by Penke on 2024-03-18 11:43:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating inefficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Parity Group.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Parity Group earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Parity Group to the Information Technology Services industry mean.
  • A Net Profit Margin of -4.2% means that -0.04 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Parity Group:

  • The MRQ is -4.2%. The company is making a loss. -1
  • The TTM is -4.2%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-4.2%TTM-4.2%0.0%
TTM-4.2%YOY-1.4%-2.9%
TTM-4.2%5Y-1.4%-2.8%
5Y-1.4%10Y-1.3%-0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.2%3.7%-7.9%
TTM-4.2%3.6%-7.8%
YOY-1.4%3.4%-4.8%
5Y-1.4%3.4%-4.8%
10Y-1.3%3.3%-4.6%
1.1.2. Return on Assets

Shows how efficient Parity Group is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Parity Group to the Information Technology Services industry mean.
  • -13.4% Return on Assets means that Parity Group generated -0.13 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Parity Group:

  • The MRQ is -13.4%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -13.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-13.4%TTM-13.4%0.0%
TTM-13.4%YOY-4.8%-8.6%
TTM-13.4%5Y-5.2%-8.2%
5Y-5.2%10Y-4.4%-0.8%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-13.4%1.3%-14.7%
TTM-13.4%1.3%-14.7%
YOY-4.8%1.3%-6.1%
5Y-5.2%1.3%-6.5%
10Y-4.4%1.3%-5.7%
1.1.3. Return on Equity

Shows how efficient Parity Group is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Parity Group to the Information Technology Services industry mean.
  • -35.6% Return on Equity means Parity Group generated -0.36 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Parity Group:

  • The MRQ is -35.6%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -35.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-35.6%TTM-35.6%0.0%
TTM-35.6%YOY-9.1%-26.6%
TTM-35.6%5Y-12.4%-23.3%
5Y-12.4%10Y-13.6%+1.2%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-35.6%2.8%-38.4%
TTM-35.6%2.7%-38.3%
YOY-9.1%3.3%-12.4%
5Y-12.4%3.2%-15.6%
10Y-13.6%3.0%-16.6%

1.2. Operating Efficiency of Parity Group.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Parity Group is operating .

  • Measures how much profit Parity Group makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Parity Group to the Information Technology Services industry mean.
  • An Operating Margin of 0.0% means the company generated 0.00  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Parity Group:

  • The MRQ is 0.0%. The company is operating inefficient. -1
  • The TTM is 0.0%. The company is operating inefficient. -1
Trends
Current periodCompared to+/- 
MRQ0.0%TTM0.0%0.0%
TTM0.0%YOY-0.5%+0.5%
TTM0.0%5Y0.4%-0.4%
5Y0.4%10Y-0.2%+0.6%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0%7.0%-7.0%
TTM0.0%4.0%-4.0%
YOY-0.5%5.7%-6.2%
5Y0.4%5.1%-4.7%
10Y-0.2%4.7%-4.9%
1.2.2. Operating Ratio

Measures how efficient Parity Group is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • An Operation Ratio of 1.00 means that the operating costs are 1.00 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Parity Group:

  • The MRQ is 1.000. The company is less efficient in keeping operating costs low.
  • The TTM is 1.000. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.000TTM1.0000.000
TTM1.000YOY1.005-0.005
TTM1.0005Y0.996+0.004
5Y0.99610Y0.997-0.001
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0001.133-0.133
TTM1.0001.178-0.178
YOY1.0051.078-0.073
5Y0.9961.121-0.125
10Y0.9971.087-0.090

1.3. Liquidity of Parity Group.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Parity Group is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
  • A Current Ratio of 1.01 means the company has 1.01 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Parity Group:

  • The MRQ is 1.008. The company is just able to pay all its short-term debts.
  • The TTM is 1.008. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.008TTM1.0080.000
TTM1.008YOY0.961+0.047
TTM1.0085Y1.090-0.082
5Y1.09010Y1.0900.000
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0081.467-0.459
TTM1.0081.466-0.458
YOY0.9611.584-0.623
5Y1.0901.628-0.538
10Y1.0901.577-0.487
1.3.2. Quick Ratio

Measures if Parity Group is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Parity Group to the Information Technology Services industry mean.
  • A Quick Ratio of 0.97 means the company can pay off 0.97 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Parity Group:

  • The MRQ is 0.972. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.972. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.972TTM0.9720.000
TTM0.972YOY0.938+0.034
TTM0.9725Y1.067-0.095
5Y1.06710Y0.984+0.082
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9721.002-0.030
TTM0.9721.010-0.038
YOY0.9381.161-0.223
5Y1.0671.194-0.127
10Y0.9841.162-0.178

1.4. Solvency of Parity Group.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Parity Group assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Parity Group to Information Technology Services industry mean.
  • A Debt to Asset Ratio of 0.62 means that Parity Group assets are financed with 62.3% credit (debt) and the remaining percentage (100% - 62.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Parity Group:

  • The MRQ is 0.623. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.623. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.623TTM0.6230.000
TTM0.623YOY0.469+0.154
TTM0.6235Y0.595+0.028
5Y0.59510Y0.660-0.065
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6230.502+0.121
TTM0.6230.499+0.124
YOY0.4690.498-0.029
5Y0.5950.506+0.089
10Y0.6600.495+0.165
1.4.2. Debt to Equity Ratio

Measures if Parity Group is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Parity Group to the Information Technology Services industry mean.
  • A Debt to Equity ratio of 165.4% means that company has 1.65 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Parity Group:

  • The MRQ is 1.654. The company is just able to pay all its debts with equity.
  • The TTM is 1.654. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.654TTM1.6540.000
TTM1.654YOY0.882+0.771
TTM1.6545Y1.593+0.060
5Y1.59310Y2.139-0.545
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6540.938+0.716
TTM1.6540.984+0.670
YOY0.8820.972-0.090
5Y1.5931.046+0.547
10Y2.1391.057+1.082

2. Market Valuation of Parity Group

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every 1 in earnings Parity Group generates.

  • Above 15 is considered overpriced but always compare Parity Group to the Information Technology Services industry mean.
  • A PE ratio of -3.76 means the investor is paying -3.76 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Parity Group:

  • The EOD is -0.511. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.756. Based on the earnings, the company is expensive. -2
  • The TTM is -3.756. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.511MRQ-3.756+3.246
MRQ-3.756TTM-3.7560.000
TTM-3.756YOY-10.940+7.183
TTM-3.7565Y32.385-36.141
5Y32.38510Y82.104-49.720
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD-0.51115.268-15.779
MRQ-3.75612.943-16.699
TTM-3.75614.770-18.526
YOY-10.94017.385-28.325
5Y32.38518.091+14.294
10Y82.10420.242+61.862
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Parity Group:

  • The EOD is -1.231. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -9.048. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -9.048. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.231MRQ-9.048+7.818
MRQ-9.048TTM-9.0480.000
TTM-9.048YOY-7.739-1.309
TTM-9.0485Y-3.343-5.705
5Y-3.34310Y-6.978+3.635
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD-1.2316.559-7.790
MRQ-9.0486.379-15.427
TTM-9.0484.370-13.418
YOY-7.7396.332-14.071
5Y-3.3435.929-9.272
10Y-6.9785.680-12.658
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Parity Group is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • A PB ratio of 1.34 means the investor is paying 1.34 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Parity Group:

  • The EOD is 0.182. Based on the equity, the company is cheap. +2
  • The MRQ is 1.339. Based on the equity, the company is underpriced. +1
  • The TTM is 1.339. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.182MRQ1.339-1.157
MRQ1.339TTM1.3390.000
TTM1.339YOY0.990+0.349
TTM1.3395Y1.307+0.032
5Y1.30710Y1.648-0.340
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.1822.403-2.221
MRQ1.3392.210-0.871
TTM1.3392.324-0.985
YOY0.9902.739-1.749
5Y1.3072.853-1.546
10Y1.6483.305-1.657
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Parity Group compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.150-2.1500%0.137-1672%-0.431-80%0.091-2475%
Book Value Per Share--4.6674.6670%6.817-32%6.147-24%6.746-31%
Current Ratio--1.0081.0080%0.961+5%1.090-8%1.090-8%
Debt To Asset Ratio--0.6230.6230%0.469+33%0.595+5%0.660-6%
Debt To Equity Ratio--1.6541.6540%0.882+87%1.593+4%2.139-23%
Dividend Per Share----0%-0%-0%-0%
Eps---1.664-1.6640%-0.617-63%-0.750-55%-0.881-47%
Free Cash Flow Per Share---0.691-0.6910%-0.872+26%0.323-314%0.082-940%
Free Cash Flow To Equity Per Share--0.9040.9040%-1.990+320%-0.588+165%0.036+2420%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--5.085--------
Intrinsic Value_10Y_min---30.556--------
Intrinsic Value_1Y_max--0.364--------
Intrinsic Value_1Y_min---1.300--------
Intrinsic Value_3Y_max--1.206--------
Intrinsic Value_3Y_min---5.455--------
Intrinsic Value_5Y_max--2.180--------
Intrinsic Value_5Y_min---11.276--------
Market Cap87614600.000-635%644225000.000644225000.0000%695763000.000-7%824394500.000-22%1201059750.000-46%
Net Profit Margin---0.042-0.0420%-0.014-68%-0.014-66%-0.013-69%
Operating Margin--0.0000.0000%-0.005+3960%0.004-97%-0.002+1847%
Operating Ratio--1.0001.0000%1.0050%0.996+0%0.997+0%
Pb Ratio0.182-635%1.3391.3390%0.990+35%1.307+2%1.648-19%
Pe Ratio-0.511+86%-3.756-3.7560%-10.940+191%32.385-112%82.104-105%
Price Per Share0.850-635%6.2506.2500%6.750-7%7.990-22%11.595-46%
Price To Free Cash Flow Ratio-1.231+86%-9.048-9.0480%-7.739-14%-3.343-63%-6.978-23%
Price To Total Gains Ratio-0.395+86%-2.907-2.9070%49.345-106%-8.980+209%-0.925-68%
Quick Ratio--0.9720.9720%0.938+4%1.067-9%0.984-1%
Return On Assets---0.134-0.1340%-0.048-64%-0.052-61%-0.044-67%
Return On Equity---0.356-0.3560%-0.091-75%-0.124-65%-0.136-62%
Total Gains Per Share---2.150-2.1500%0.137-1672%-0.431-80%0.091-2475%
Usd Book Value--6070519.8006070519.8000%8866668.600-32%8002587.960-24%8824272.120-31%
Usd Book Value Change Per Share---0.027-0.0270%0.002-1672%-0.005-80%0.001-2475%
Usd Book Value Per Share--0.0590.0590%0.086-32%0.078-24%0.085-31%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.021-0.0210%-0.008-63%-0.009-55%-0.011-47%
Usd Free Cash Flow---898401.600-898401.6000%-1134358.200+26%421441.200-313%128451.240-799%
Usd Free Cash Flow Per Share---0.009-0.0090%-0.011+26%0.004-314%0.001-940%
Usd Free Cash Flow To Equity Per Share--0.0110.0110%-0.025+320%-0.007+165%0.000+2420%
Usd Market Cap1105521.023-635%8128831.0508128831.0500%8779137.534-7%10402209.801-22%15154971.926-46%
Usd Price Per Share0.011-635%0.0790.0790%0.085-7%0.101-22%0.146-46%
Usd Profit---2163987.000-2163987.0000%-802504.800-63%-878717.520-59%-1093980.600-49%
Usd Revenue--51289646.40051289646.4000%59256651.600-13%78725720.880-35%95466778.560-46%
Usd Total Gains Per Share---0.027-0.0270%0.002-1672%-0.005-80%0.001-2475%
 EOD+3 -5MRQTTM+0 -0YOY+11 -225Y+6 -2710Y+9 -24

3.2. Fundamental Score

Let's check the fundamental score of Parity Group based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.511
Price to Book Ratio (EOD)Between0-10.182
Net Profit Margin (MRQ)Greater than0-0.042
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.972
Current Ratio (MRQ)Greater than11.008
Debt to Asset Ratio (MRQ)Less than10.623
Debt to Equity Ratio (MRQ)Less than11.654
Return on Equity (MRQ)Greater than0.15-0.356
Return on Assets (MRQ)Greater than0.05-0.134
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Parity Group based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.655
Ma 20Greater thanMa 500.894
Ma 50Greater thanMa 1000.872
Ma 100Greater thanMa 2001.055
OpenGreater thanClose0.850
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in GBP. All numbers in thousands.

Summary
Total Assets12,766
Total Liabilities7,955
Total Stockholder Equity4,811
 As reported
Total Liabilities 7,955
Total Stockholder Equity+ 4,811
Total Assets = 12,766

Assets

Total Assets12,766
Total Current Assets7,962
Long-term Assets4,804
Total Current Assets
Cash And Cash Equivalents 2,053
Net Receivables 5,621
Other Current Assets 288
Total Current Assets  (as reported)7,962
Total Current Assets  (calculated)7,962
+/-0
Long-term Assets
Property Plant Equipment 184
Goodwill 2,642
Intangible Assets 2,830
Long-term Assets Other 1,269
Long-term Assets  (as reported)4,804
Long-term Assets  (calculated)6,925
+/- 2,121

Liabilities & Shareholders' Equity

Total Current Liabilities7,899
Long-term Liabilities56
Total Stockholder Equity4,811
Total Current Liabilities
Short-term Debt 4,559
Short Long Term Debt 4,356
Accounts payable 2,368
Other Current Liabilities 972
Total Current Liabilities  (as reported)7,899
Total Current Liabilities  (calculated)12,255
+/- 4,356
Long-term Liabilities
Other Liabilities 42
Long-term Liabilities  (as reported)56
Long-term Liabilities  (calculated)42
+/- 14
Total Stockholder Equity
Common Stock2,062
Retained Earnings -79,400
Accumulated Other Comprehensive Income 48,879
Other Stockholders Equity 33,270
Total Stockholder Equity (as reported)4,811
Total Stockholder Equity (calculated)4,811
+/-0
Other
Capital Stock2,062
Cash and Short Term Investments 2,053
Common Stock Shares Outstanding 103,075
Liabilities and Stockholders Equity 12,766
Net Debt 2,520
Net Invested Capital 9,167
Net Tangible Assets 1,981
Net Working Capital 63
Property Plant and Equipment Gross 387
Short Long Term Debt Total 4,573



Balance Sheet

Currency in GBP. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-311996-12-311995-12-311994-12-311993-12-311992-12-311991-12-311990-12-311989-12-311988-12-311987-12-311986-12-311985-12-31
> Total Assets 
279
556
1,299
1,253
2,167
1,883
1,887
2,743
26,479
39,127
40,584
38,526
62,852
77,267
100,104
89,333
88,517
58,438
60,002
61,774
59,469
54,061
49,472
37,728
34,896
23,580
25,420
25,424
33,100
28,970
26,128
26,570
23,609
23,749
16,889
15,026
13,227
12,766
12,76613,22715,02616,88923,74923,60926,57026,12828,97033,10025,42425,42023,58034,89637,72849,47254,06159,46961,77460,00258,43888,51789,333100,10477,26762,85238,52640,58439,12726,4792,7431,8871,8832,1671,2531,299556279
   > Total Current Assets 
220
447
1,202
1,027
2,008
1,749
1,747
2,602
24,988
35,443
37,026
35,313
58,419
72,161
70,114
57,646
51,681
42,636
47,770
44,928
46,381
41,228
37,156
29,781
25,961
15,282
17,896
15,935
23,755
18,525
18,328
21,034
17,791
17,847
10,855
9,234
5,889
7,962
7,9625,8899,23410,85517,84717,79121,03418,32818,52523,75515,93517,89615,28225,96129,78137,15641,22846,38144,92847,77042,63651,68157,64670,11472,16158,41935,31337,02635,44324,9882,6021,7471,7492,0081,0271,202447220
       Cash And Cash Equivalents 
0
2
5
73
85
38
387
616
13,884
13,063
11,221
3,652
10,701
12,446
12,997
4,078
5,948
3,608
3,241
2,175
749
736
770
369
128
245
5,241
2,871
7,376
2,974
2,648
4,272
4,968
5,829
4,116
3,172
1,121
2,053
2,0531,1213,1724,1165,8294,9684,2722,6482,9747,3762,8715,2412451283697707367492,1753,2413,6085,9484,07812,99712,44610,7013,65211,22113,06313,884616387388573520
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38,538
33,577
26,430
24,760
25,564
34,207
38,368
34,795
23,800
25,012
14,325
12,111
12,552
15,808
15,211
15,277
14,020
11,739
11,741
6,552
5,898
4,626
5,621
5,6214,6265,8986,55211,74111,73914,02015,27715,21115,80812,55212,11114,32525,01223,80034,79538,36834,20725,56424,76026,43033,57738,538000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,030
12,156
12,598
19,208
19,655
1,356
1,126
885
919
370
475
428
492
552
313
342
2,389
12,823
12,018
187
164
142
288
28814216418712,01812,8232,3893423135524924284753709198851,1261,35619,65519,20812,59812,15615,030000000000000000
   > Long-term Assets 
59
109
97
226
159
134
140
141
1,491
3,684
3,558
3,213
4,433
5,106
29,990
31,687
36,836
15,802
12,232
16,846
13,088
12,833
12,316
7,947
8,935
8,298
7,524
9,489
9,345
10,445
7,800
5,536
5,818
5,902
6,034
5,792
7,338
4,804
4,8047,3385,7926,0345,9025,8185,5367,80010,4459,3459,4897,5248,2988,9357,94712,31612,83313,08816,84612,23215,80236,83631,68729,9905,1064,4333,2133,5583,6841,4911411401341592269710959
       Property Plant Equipment 
59
109
97
226
159
78
78
79
1,491
3,334
3,058
2,713
3,358
3,790
6,123
6,283
6,589
4,380
2,586
1,920
988
615
2,071
1,343
1,159
870
593
415
334
602
180
72
78
69
438
270
164
184
1841642704386978721806023344155938701,1591,3432,0716159881,9202,5864,3806,5896,2836,1233,7903,3582,7133,0583,3341,4917978781592269710959
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,266
24,380
10,245
9,616
8,987
7,116
7,116
7,116
4,594
4,594
4,594
4,594
7,753
7,753
7,753
5,759
4,594
4,594
4,594
4,594
4,594
4,594
2,642
2,6424,5944,5944,5944,5944,5944,5945,7597,7537,7537,7534,5944,5944,5944,5947,1167,1167,1168,9879,61610,24524,38020,266000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,370
20,266
24,380
10,245
9,616
9,616
7,116
7,116
370
67
1,530
5,796
5,547
3
706
1,554
1,354
461
227
86
4,626
4,600
4,678
2,830
2,8304,6784,6004,626862274611,3541,55470635,5475,7961,530673707,1167,1169,6169,61610,24524,38020,26622,37000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,138
5,138
0
0
0
13,700
5,102
2,635
5,868
1,535
1,498
1,384
1,318
552
536
507
409
919
1,153
0
922
2,496
1,790
1,7902,49692201,1539194095075365521,3181,3841,4981,5355,8682,6355,10213,7000005,1385,138000000000000000
> Total Liabilities 
261
472
619
1,060
1,278
1,095
837
1,538
17,915
33,021
34,002
29,825
48,856
52,923
61,328
46,030
51,941
46,830
46,500
56,777
63,559
43,032
36,713
29,069
27,762
22,247
19,701
21,546
23,439
20,079
20,106
20,110
16,420
17,185
10,466
8,140
6,200
7,955
7,9556,2008,14010,46617,18516,42020,11020,10620,07923,43921,54619,70122,24727,76229,06936,71343,03263,55956,77746,50046,83051,94146,03061,32852,92348,85629,82534,00233,02117,9151,5388371,0951,2781,060619472261
   > Total Current Liabilities 
229
406
574
978
1,223
1,068
824
1,525
16,067
28,702
32,050
27,882
45,983
51,613
60,561
45,332
37,321
44,466
30,942
36,974
56,754
35,959
32,800
22,108
23,790
18,899
16,168
17,529
21,191
17,955
18,590
18,223
15,336
15,223
9,380
8,011
6,129
7,899
7,8996,1298,0119,38015,22315,33618,22318,59017,95521,19117,52916,16818,89923,79022,10832,80035,95956,75436,97430,94244,46637,32145,33260,56151,61345,98327,88232,05028,70216,0671,5258241,0681,223978574406229
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,909
9,582
10,027
8,613
6,592
6,919
3,044
3,262
2,521
4,559
4,5592,5213,2623,0446,9196,5928,61310,0279,5829,9090000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,909
9,582
10,027
8,613
6,581
6,911
2,719
2,941
2,279
4,356
4,3562,2792,9412,7196,9116,5818,61310,0279,5829,9090000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,818
13,375
10,884
13,038
15,771
14,788
16,917
13,403
11,086
9,741
7,070
5,946
5,365
6,767
5,366
8,574
6,018
5,318
5,919
3,972
2,921
2,494
2,368
2,3682,4942,9213,9725,9195,3186,0188,5745,3666,7675,3655,9467,0709,74111,08613,40316,91714,78815,77113,03810,88413,37514,818000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,186
17,324
14,979
13,684
15,939
16,696
12,648
12,000
6,712
4,136
5,475
3,718
3,881
4,515
3,030
3,150
3,569
3,426
2,385
2,364
1,828
1,114
972
9721,1141,8282,3642,3853,4263,5693,1503,0304,5153,8813,7185,4754,1366,71212,00012,64816,69615,93913,68414,97917,32424,186000000000000000
   > Long-term Liabilities 
32
66
45
82
55
27
13
13
1,848
4,319
1,952
1,943
2,873
1,310
767
698
14,620
2,364
15,558
19,803
6,805
7,073
3,913
6,961
3,972
3,348
3,533
4,017
2,248
2,124
1,516
1,887
1,084
1,962
1,086
129
71
56
56711291,0861,9621,0841,8871,5162,1242,2484,0173,5333,3483,9726,9613,9137,0736,80519,80315,5582,36414,6206987671,3102,8731,9431,9524,3191,8481313275582456632
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
604
2,869
2,364
4,500
5,611
14,017
7,072
3,913
6,961
3,972
3,348
3,533
4,009
2,248
2,101
1,505
1,865
1,077
1,962
913
42
42
42
4242429131,9621,0771,8651,5052,1012,2484,0093,5333,3483,9726,9613,9137,07214,0175,6114,5002,3642,869604000000000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
43,303
36,576
11,608
13,950
6,806
0
11,029
12,759
8,659
7,134
1,333
5,719
3,878
9,661
8,891
6,022
6,460
7,189
6,564
6,423
6,886
7,027
4,811
4,8117,0276,8866,4236,5647,1896,4606,0228,8919,6613,8785,7191,3337,1348,65912,75911,02906,80613,95011,60836,57643,303000000000000000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,675
7,694
7,698
14,434
14,434
14,434
756
760
760
760
760
1,375
1,437
2,033
2,035
2,037
2,037
2,043
2,053
2,053
2,053
2,062
2,062
2,0622,0622,0532,0532,0532,0432,0372,0372,0352,0331,4371,37576076076076075614,43414,43414,4347,6987,6947,675000000000000000
   Retained Earnings Total Equity00000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
-6,199
-7,100
-7,857
-8,923
-12,152
-14,654
-17,107
-18,897
-19,562
-20,491
-19,922
-19,542
-18,689
-14,522
-9,629
-3,141
-3,399
-3,665
-3,915
-3,270
-3,339
-3,008
-1,079
-145
48,879
48,879
48,879
48,879
48,87948,87948,87948,879-145-1,079-3,008-3,339-3,270-3,915-3,665-3,399-3,141-9,629-14,522-18,689-19,542-19,922-20,491-19,562-18,897-17,107-14,654-12,152-8,923-7,857-7,100-6,1990000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,195
33,211
33,244
33,244
33,244
0
0
0033,24433,24433,24433,21133,1950000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
58,479
58,479
58,479
58,479
92,769
82,268
33,244
33,244
33,270
33,270
33,27033,27033,24433,24482,26892,76958,47958,47958,47958,4790000000000000000000000000000



Balance Sheet

Currency in GBP. All numbers in thousands.




Cash Flow

Currency in GBP. All numbers in thousands.




Income Statement

Currency in GBP. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue40,648
Cost of Revenue-39,603
Gross Profit1,0451,045
 
Operating Income (+$)
Gross Profit1,045
Operating Expense-1,040
Operating Income55
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense1,0400
 
Net Interest Income (+$)
Interest Income2
Interest Expense-152
Other Finance Cost-160
Net Interest Income-310
 
Pretax Income (+$)
Operating Income5
Net Interest Income-310
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-1,3391,349
EBIT - interestExpense = -147
-1,339
-1,563
Interest Expense152
Earnings Before Interest and Taxes (EBIT)5-1,187
Earnings Before Interest and Taxes (EBITDA)364
 
After tax Income (+$)
Income Before Tax-1,339
Tax Provision-376
Net Income From Continuing Ops-1,715-1,715
Net Income-1,715
Net Income Applicable To Common Shares-1,715
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses40,643
Total Other Income/Expenses Net-1,344310
 

Technical Analysis of Parity Group
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Parity Group. The general trend of Parity Group is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Parity Group's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-85.7%) Bearish trend (85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Parity Group.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.95 < 0.95 < 0.95.

The bearish price targets are: 0.75 > 0.75 > 0.75.

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Parity Group Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Parity Group. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Parity Group Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Parity Group. The current macd is 0.00516403.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Parity Group price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Parity Group. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Parity Group price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Parity Group Daily Moving Average Convergence/Divergence (MACD) ChartParity Group Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Parity Group. The current adx is 40.08.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Parity Group shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Parity Group Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Parity Group. The current sar is 0.7798474.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Parity Group Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Parity Group. The current rsi is 38.65. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Parity Group Daily Relative Strength Index (RSI) ChartParity Group Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Parity Group. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -3/(-6 +6).

  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Parity Group price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Parity Group Daily Stochastic Oscillator ChartParity Group Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Parity Group. The current cci is -35.20002606.

Parity Group Daily Commodity Channel Index (CCI) ChartParity Group Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Parity Group. The current cmo is -40.50597254.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Parity Group Daily Chande Momentum Oscillator (CMO) ChartParity Group Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Parity Group. The current willr is -50.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Parity Group is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Parity Group Daily Williams %R ChartParity Group Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Parity Group.

Parity Group Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Parity Group. The current atr is 0.08759571.

Parity Group Daily Average True Range (ATR) ChartParity Group Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Parity Group. The current obv is -17,864,492.

Parity Group Daily On-Balance Volume (OBV) ChartParity Group Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Parity Group. The current mfi is 80.11.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Parity Group Daily Money Flow Index (MFI) ChartParity Group Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Parity Group.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-08WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-11RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-11MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-26MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.

6.3. Candlestick Patterns

Parity Group Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Parity Group based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.655
Ma 20Greater thanMa 500.894
Ma 50Greater thanMa 1000.872
Ma 100Greater thanMa 2001.055
OpenGreater thanClose0.850
Total1/5 (20.0%)
Penke

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