Patterson Stock Performance

PDCO
 Stock
  

USD 25.17  1.15  4.79%   

The company holds a Beta of 0.8091, which implies possible diversification benefits within a given portfolio. Let's try to break down what Patterson's beta means in this case. As returns on the market increase, Patterson Companies returns are expected to increase less than the market. However, during the bear market, the loss on holding Patterson Companies will be expected to be smaller as well. Even though it is essential to pay attention to Patterson Companies current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Patterson Companies exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Patterson Companies has an expected return of -0.22%. Please be advised to check Patterson Companies skewness, and the relationship between the potential upside and rate of daily change to decide if Patterson Companies performance from the past will be repeated at some point in the near future.
  
Patterson Performance
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Over the last 90 days Patterson Companies has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's fundamental indicators remain quite persistent which may send shares a bit higher in November 2022. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more

Patterson Price Channel

Quick Ratio0.78
Fifty Two Week Low23.87
Target High Price42.00
Fifty Two Week High35.29
Payout Ratio50.49%
Trailing Annual Dividend Yield4.29%
Target Low Price32.00

Patterson Companies Relative Risk vs. Return Landscape

If you would invest  2,923  in Patterson Companies on July 6, 2022 and sell it today you would lose (406.00)  from holding Patterson Companies or give up 13.89% of portfolio value over 90 days. Patterson Companies is currently does not generate positive expected returns and assumes 1.713% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Patterson, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Patterson Companies is expected to under-perform the market. In addition to that, the company is 1.42 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of volatility.

Patterson Companies Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson Companies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Patterson Companies, and traders can use it to determine the average amount a Patterson Companies' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1278

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Estimated Market Risk
 1.71
  actual daily
 
 14 %
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1414
Expected Return
 -0.22
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Risk-Adjusted Return
 -0.13
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Based on monthly moving average Patterson Companies is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Patterson Companies by adding it to a well-diversified portfolio.

About Patterson Companies Performance

To evaluate Patterson Companies Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Patterson Companies generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Patterson Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Patterson Companies market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Patterson's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Patterson Companies, Inc. engages in distribution of dental and animal health products in the United States, the United Kingdom, and Canada. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota. Patterson Companies operates under Medical Distribution classification in the United States and is traded on NASDAQ Exchange. It employs 7700 people.

Things to note about Patterson Companies

Checking the ongoing alerts about Patterson Companies for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Patterson Companies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Patterson Companies Alerts

Equity Alerts and Improvement Suggestions

Patterson Companies generated a negative expected return over the last 90 days
Patterson Companies currently holds about 145.89 M in cash with (980.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.51.
Over 85.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: Patterson Companies Seems To Use Debt Quite Sensibly - Simply Wall St
Please check Your Equity Center. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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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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.
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.