Patterson Companies Stock Market Value
| PDCO Stock | USD 23.85 0.44 1.81% |
| Symbol | Patterson |
Patterson Companies Price To Book Ratio
Is Health Care Providers & Services space 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 Patterson Companies. If investors know Patterson 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 Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 1.04 | Earnings Share 2.03 | Revenue Per Share 69.215 | Quarterly Revenue Growth 0.01 |
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' 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 Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' 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 Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' 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.
Patterson Companies '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 Patterson Companies' 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 Patterson Companies.
| 03/15/2023 |
| 06/07/2024 |
If you would invest 0.00 in Patterson Companies on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Patterson Companies or generate 0.0% return on investment in Patterson Companies over 450 days. Patterson Companies is related to or competes with Owens Minor, Zynex, and EDAP TMS. Patterson Companies, Inc. engages in distribution of dental and animal health products in the United States, the United ... More
Patterson Companies 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 Patterson Companies' 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 Patterson Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.57 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 1.66 |
Patterson Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patterson Companies' standard deviation. In reality, there are many statistical measures that can use Patterson Companies historical prices to predict the future Patterson Companies' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patterson Companies' 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.
Patterson Companies Backtested Returns
Patterson Companies maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Patterson Companies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patterson Companies' Coefficient Of Variation of (836.98), variance of 1.6, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of 1.02, which implies a somewhat significant risk relative to the market. Patterson Companies returns are very sensitive to returns on the market. As the market goes up or down, Patterson Companies is expected to follow. At this point, Patterson Companies has a negative expected return of -0.18%. Please make sure to check Patterson Companies' maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Patterson Companies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Patterson Companies has modest reverse predictability. Overlapping area represents the amount of predictability between Patterson Companies time series from 15th of March 2023 to 26th of October 2023 and 26th of October 2023 to 7th of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Patterson Companies price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Patterson Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 3.98 |
Patterson Companies lagged returns against current returns
Autocorrelation, which is Patterson Companies 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 Patterson Companies' stock expected returns. We can calculate the autocorrelation of Patterson Companies returns to help us make a trade decision. For example, suppose you find that Patterson Companies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Patterson Companies 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 Patterson Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patterson Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patterson Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Patterson Companies Lagged Returns
When evaluating Patterson Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patterson Companies stock have on its future price. Patterson Companies 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, Patterson Companies autocorrelation shows the relationship between Patterson Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Patterson Companies.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Patterson Stock
When determining whether Patterson Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Companies Stock:Check out Patterson Companies Correlation, Patterson Companies Volatility and Patterson Companies Alpha and Beta module to complement your research on Patterson Companies. To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Patterson Companies 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.