Patterson Stock Market Value

PDCO
 Stock
  

USD 29.11  0.67  2.36%   

Patterson Companies' market value is the price at which a share of Patterson Companies stock trades on a public exchange. It measures the collective expectations of Patterson Companies investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Patterson Companies and determine expected loss or profit from investing in Patterson Companies over a given investment horizon. Please check Patterson Companies Correlation, Patterson Companies Volatility and Patterson Companies Alpha and Beta module to complement your research on Patterson Companies.
Symbol


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.

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.
0.00
01/10/2021
No Change 0.00  0.0 
In 1 year 10 months and 22 days
12/01/2022
0.00
If you would invest  0.00  in Patterson Companies on January 10, 2021 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 690 days. Patterson Companies is related to or competes with International Business, Alcoa Corp, Dupont De, Intel, American Express, Exxon, and Home Depot. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Patterson Companies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26.2628.4230.58
Details
Intrinsic
Valuation
LowReal ValueHigh
25.6031.4933.65
Details
Naive
Forecast
LowNext ValueHigh
26.2728.4330.58
Details
6 Analysts
Consensus
LowTarget PriceHigh
32.0035.5041.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Patterson Companies. Your research has to be compared to or analyzed against Patterson Companies' peers to derive any actionable benefits. When done correctly, Patterson Companies' 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 Patterson Companies.

Patterson Companies Backtested Returns

We consider Patterson Companies very steady. Patterson Companies maintains Sharpe Ratio (i.e., Efficiency) of 0.0093, which implies the firm had 0.0093% of return per unit of risk over the last 24 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 Patterson Companies, which you can use to evaluate the future volatility of the company. Please check Patterson Companies Risk Adjusted Performance of 0.0245, semi deviation of 1.95, and Coefficient Of Variation of 5520.85 to confirm if the risk estimate we provide is consistent with the expected return of 0.0189%.
The company holds a Beta of 0.9076, which implies possible diversification benefits within a given portfolio. Let's try to break down what Patterson's beta means in this case. Patterson Companies returns are very sensitive to returns on the market. As the market goes up or down, Patterson Companies is expected to follow. Although it is important to respect Patterson Companies 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 Patterson Companies technical indicators, you can presently evaluate if the expected return of 0.0189% will be sustainable into the future. Patterson Companies right now holds a risk of 2.04%. Please check Patterson Companies skewness, and the relationship between the potential upside and rate of daily change to decide if Patterson Companies will be following its historical price patterns.

Auto-correlation

    
  0.21  

Weak predictability

Patterson Companies has weak predictability. Overlapping area represents the amount of predictability between Patterson Companies time series from 10th of January 2021 to 21st of December 2021 and 21st of December 2021 to 1st of December 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 Patterson Companies price movement. The serial correlation of 0.21 indicates that over 21.0% of current Patterson Companies price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.17
Residual Average0.0
Price Variance4.42

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 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  

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   
Share
       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   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Patterson Companies without increasing your portfolio risk or giving up the 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 Patterson Companies Correlation, Patterson Companies Volatility and Patterson Companies Alpha and Beta module to complement your research on Patterson Companies. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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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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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.
A focus of Patterson Companies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Patterson Companies 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...