Patterson Companies Stock Forecast - Daily Balance Of Power

PDCO
 Stock
  

USD 29.29  0.19  0.65%   

Patterson Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Patterson Companies historical stock prices and determine the direction of Patterson Companies'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 Patterson Companies historical fundamentals such as revenue growth or operating cash flow patterns. Although Patterson Companies naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Patterson Companies systematic risk associated with finding meaningful patterns of Patterson Companies fundamentals over time.
Please check Historical Fundamental Analysis of Patterson Companies to cross-verify your projections.
  
Patterson Companies Receivables Turnover is quite stable at the moment as compared to the past year. The company's current value of Receivables Turnover is estimated at 15.39. Inventory Turnover is expected to rise to 7.44 this year, although the value of PPandE Turnover will most likely fall to 24.08. . Patterson Companies 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 109.72 Million. Weighted Average Shares Diluted is expected to rise to about 110.8 M this year, although the value of Issuance Purchase of Equity Shares will most likely fall to (194.2 M).

Open Interest Agains t 2022-12-16 Patterson Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Patterson Companies' 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 Patterson Companies' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Patterson Companies 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 Patterson Companies' open interest, investors have to compare it to Patterson Companies' 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 Patterson Companies 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 Patterson. 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.
Patterson Companies has current Daily Balance Of Power of 0.3878.
Most investors in Patterson Companies 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 Patterson Companies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Patterson Companies' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Patterson Companies market sensitivity to bulls and bears. It estimates the ability of Patterson Companies buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Patterson Companies Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.20410.3878
Check Patterson Companies VolatilityBacktest Patterson CompaniesInformation Ratio  

Patterson Companies Trading Date Momentum

On November 26 2022 Patterson Companies was traded for  29.29  at the closing time. The top price for the day was 29.59  and the lowest listed price was  29.10 . The trading volume for the day was 225.8 K. The trading history from November 26, 2022 did not cause price change. The trading delta at closing time against the current closing price is 0.34% .
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.
Compare Patterson Companies to competition

Other Forecasting Options for Patterson Companies

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

Patterson Companies 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 Patterson Companies stock to make a market-neutral strategy. Peer analysis of Patterson Companies could also be used in its relative valuation, which is a method of valuing Patterson Companies by comparing valuation metrics with similar companies.
Edwards Lifesciences CorpBaxter InternationalZimmer Biomet HoldingsMedtronicJohnson JohnsonWest PharmaceuticalGoldman Sachs GroupBecton Dickinson AndAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth Trd
 Risk & Return  Correlation

Patterson Companies 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 Patterson Companies' 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 Patterson Companies' current price.

Patterson Companies Market Strength Events

Market strength indicators help investors to evaluate how Patterson Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patterson Companies shares will generate the highest return on investment. By undertsting and applying Patterson Companies stock market strength indicators, traders can identify Patterson Companies entry and exit signals to maximize returns.

Patterson Companies Risk Indicators

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

Patterson Companies Investors Sentiment

The influence of Patterson Companies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Patterson. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Patterson Companies' public news can be used to forecast risks associated with investment in Patterson. The trend in average sentiment can be used to explain how an investor holding Patterson can time the market purely based on public headlines and social activities around Patterson Companies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Patterson Companies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Patterson Companies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Patterson Companies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Patterson Companies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Patterson Companies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Patterson Companies' short interest history, or implied volatility extrapolated from Patterson Companies options trading.

Currently Active Assets on Macroaxis

Please check Historical Fundamental Analysis of Patterson Companies to cross-verify your projections. Note that the Patterson Companies information on this page should be used as a complementary analysis to other Patterson Companies' 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Patterson Stock analysis

When running Patterson Companies price analysis, check to measure Patterson Companies' 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 Patterson Companies is operating at the current time. Most of Patterson Companies' value examination focuses on studying past and present price action to predict the probability of Patterson Companies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Patterson Companies' price. Additionally, you may evaluate how the addition of Patterson Companies to your portfolios can decrease your overall portfolio volatility.
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Is Patterson Companies' 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 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 YOY
(0.29) 
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
(0.06) 
Return On Assets
0.0534
Return On Equity
0.19
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 Patterson Companies value 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.