Pennymac Mortgage Investment Stock Market Value
| PMTU Stock | 25.61 0.10 0.39% |
| Symbol | PennyMac |
PennyMac Mortgage Price To Book Ratio
Is Trading 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 PennyMac Mortgage. If investors know PennyMac 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 PennyMac Mortgage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of PennyMac Mortgage is measured differently than its book value, which is the value of PennyMac that is recorded on the company's balance sheet. Investors also form their own opinion of PennyMac Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PennyMac Mortgage'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 PennyMac Mortgage's market value can be influenced by many factors that don't directly affect PennyMac Mortgage'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 PennyMac Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennyMac Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennyMac Mortgage'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.
PennyMac Mortgage '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 PennyMac Mortgage'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 PennyMac Mortgage.
| 05/20/2024 |
| 11/16/2024 |
If you would invest 0.00 in PennyMac Mortgage on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding PennyMac Mortgage Investment or generate 0.0% return on investment in PennyMac Mortgage over 180 days. PennyMac Mortgage is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, Via Renewables, American Century, and T Rowe. PennyMac Mortgage is entity of United States More
PennyMac Mortgage 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 PennyMac Mortgage'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 PennyMac Mortgage Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5328 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.7859 |
PennyMac Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PennyMac Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PennyMac Mortgage's standard deviation. In reality, there are many statistical measures that can use PennyMac Mortgage historical prices to predict the future PennyMac Mortgage's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0251 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PennyMac Mortgage'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.
PennyMac Mortgage Backtested Returns
Currently, PennyMac Mortgage Investment is very steady. PennyMac Mortgage maintains Sharpe Ratio (i.e., Efficiency) of 0.0444, which implies the firm had a 0.0444% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PennyMac Mortgage, which you can use to evaluate the volatility of the company. Please check PennyMac Mortgage's Coefficient Of Variation of 1766.44, risk adjusted performance of 0.0367, and Semi Deviation of 0.4407 to confirm if the risk estimate we provide is consistent with the expected return of 0.0211%. PennyMac Mortgage has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.0859, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PennyMac Mortgage are expected to decrease at a much lower rate. During the bear market, PennyMac Mortgage is likely to outperform the market. PennyMac Mortgage right now holds a risk of 0.47%. Please check PennyMac Mortgage value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if PennyMac Mortgage will be following its historical price patterns.
Auto-correlation | 0.54 |
Modest predictability
PennyMac Mortgage Investment has modest predictability. Overlapping area represents the amount of predictability between PennyMac Mortgage time series from 20th of May 2024 to 18th of August 2024 and 18th of August 2024 to 16th of November 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 PennyMac Mortgage price movement. The serial correlation of 0.54 indicates that about 54.0% of current PennyMac Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
PennyMac Mortgage lagged returns against current returns
Autocorrelation, which is PennyMac Mortgage 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 PennyMac Mortgage's stock expected returns. We can calculate the autocorrelation of PennyMac Mortgage returns to help us make a trade decision. For example, suppose you find that PennyMac Mortgage 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 |
PennyMac Mortgage 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 PennyMac Mortgage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PennyMac Mortgage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PennyMac Mortgage stock over time.
Current vs Lagged Prices |
| Timeline |
PennyMac Mortgage Lagged Returns
When evaluating PennyMac Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PennyMac Mortgage stock have on its future price. PennyMac Mortgage 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, PennyMac Mortgage autocorrelation shows the relationship between PennyMac Mortgage stock current value and its past values and can show if there is a momentum factor associated with investing in PennyMac Mortgage Investment.
Regressed Prices |
| Timeline |
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Additional Tools for PennyMac Stock Analysis
When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.