Perrigo Stock Market Value

PRGO
 Stock
  

USD 40.80  0.22  0.54%   

Perrigo's market value is the price at which a share of Perrigo stock trades on a public exchange. It measures the collective expectations of Perrigo Company investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Perrigo Company and determine expected loss or profit from investing in Perrigo over a given investment horizon. Please check Perrigo Hype Analysis, Perrigo Correlation, Perrigo Valuation, Perrigo Volatility, as well as analyze Perrigo Alpha and Beta and Perrigo Performance.
Symbol
Backtest


Is Perrigo's 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 Perrigo. If investors know Perrigo 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 Perrigo 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
-0.64
Market Capitalization
5.5 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.0089
Return On Equity
-0.0253
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo's value that differs from its market value or its book value, called intrinsic value, which is Perrigo'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 Perrigo's market value can be influenced by many factors that don't directly affect Perrigo'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 Perrigo's value and its price as these two are different measures arrived at by different means. Investors typically determine Perrigo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo'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.

Perrigo '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 Perrigo'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 Perrigo.
0.00
06/10/2021
No Change 0.00  0.0 
In 1 year and 26 days
07/05/2022
0.00
If you would invest  0.00  in Perrigo on June 10, 2021 and sell it all today you would earn a total of 0.00 from holding Perrigo Company or generate 0.0% return on investment in Perrigo over 390 days. Perrigo is related to or competes with Pfizer, Vertex Pharmaceutic, Chevron Corp, Exxon, B of A, 3M, and JP Morgan. Perrigo Company plc provides over-the-counter health and wellness solutions that enhance individual well-being by empowe...More

Perrigo 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 Perrigo'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 Perrigo Company upside and downside potential and time the market with a certain degree of confidence.

Perrigo Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Perrigo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perrigo's standard deviation. In reality, there are many statistical measures that can use Perrigo historical prices to predict the future Perrigo's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Perrigo'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. Please use the tools below to analyze the current value of Perrigo in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
38.8540.7342.61
Details
Intrinsic
Valuation
LowReal ValueHigh
36.7255.4057.28
Details
Naive
Forecast
LowNext ValueHigh
42.3744.2546.13
Details
14 Analysts
Consensus
LowTarget PriceHigh
70.0094.27125.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Perrigo. Your research has to be compared to or analyzed against Perrigo's peers to derive any actionable benefits. When done correctly, Perrigo's 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 Perrigo Company.

Perrigo Company Backtested Returns

Perrigo appears to be very steady, given 3 months investment horizon. Perrigo Company maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had 0.11% of return per unit of risk over the last 3 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 Perrigo Company, which you can use to evaluate the future volatility of the company. Please evaluate Perrigo's Coefficient Of Variation of 1453.13, risk adjusted performance of 0.1002, and Semi Deviation of 1.64 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Perrigo holds a performance score of 8. The company holds a Beta of 0.7296, which implies possible diversification benefits within a given portfolio. Let's try to break down what Perrigo's beta means in this case. As returns on the market increase, Perrigo returns are expected to increase less than the market. However, during the bear market, the loss on holding Perrigo will be expected to be smaller as well. Although it is important to respect Perrigo Company 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 Perrigo Company technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future. Please employ Perrigo Company potential upside, as well as the relationship between the kurtosis and day typical price to make a quick decision on whether Perrigo historical price patterns will revert.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Perrigo Company has weak reverse predictability. Overlapping area represents the amount of predictability between Perrigo time series from 10th of June 2021 to 22nd of December 2021 and 22nd of December 2021 to 5th of July 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 Perrigo Company price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Perrigo price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test0.22
Residual Average0.0
Price Variance4.59

Perrigo Company lagged returns against current returns

Autocorrelation, which is Perrigo 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 Perrigo's stock expected returns. We can calculate the autocorrelation of Perrigo returns to help us make a trade decision. For example, suppose you find that Perrigo 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 
Share
      Timeline 

Perrigo 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 Perrigo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perrigo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perrigo stock over time.
 Current vs Lagged Prices 
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      Timeline 

Perrigo Lagged Returns

When evaluating Perrigo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perrigo stock have on its future price. Perrigo 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, Perrigo autocorrelation shows the relationship between Perrigo stock current value and its past values and can show if there is a momentum factor associated with investing in Perrigo Company.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Perrigo without increasing your portfolio risk or giving up 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 Perrigo Hype Analysis, Perrigo Correlation, Perrigo Valuation, Perrigo Volatility, as well as analyze Perrigo Alpha and Beta and Perrigo Performance. Note that the Perrigo Company information on this page should be used as a complementary analysis to other Perrigo's 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Perrigo Company price analysis, check to measure Perrigo'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 Perrigo is operating at the current time. Most of Perrigo's value examination focuses on studying past and present price action to predict the probability of Perrigo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Perrigo's price. Additionally, you may evaluate how the addition of Perrigo to your portfolios can decrease your overall portfolio volatility.
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Perrigo 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 Perrigo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Perrigo 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...