Patterson Stock Alpha and Beta Analysis

PDCO
 Stock
  

USD 29.30  0.57  1.98%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Patterson Companies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Patterson Companies over a specified time horizon. Remember, high Patterson Companies' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Patterson Companies Backtesting, Patterson Companies Valuation, Patterson Companies Correlation, Patterson Companies Hype Analysis, Patterson Companies Volatility, Patterson Companies History and analyze Patterson Companies Performance.
  
Please note that although Patterson Companies alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Patterson Companies did 0.005219  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Patterson Companies stock's relative risk over its benchmark. Patterson Companies has a beta of 1.03  . 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.
Patterson Companies Book Value per Share is quite stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 17.23. Enterprise Value over EBIT is expected to rise to 17.42 this year, although Price to Book Value will most likely fall to 2.52.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

4.43 Billion

Patterson Companies Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Patterson Companies market risk premium is the additional return an investor will receive from holding Patterson Companies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Patterson Companies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Patterson Companies' performance over market.
α0.005219   β1.03
90 days against NYA

Patterson Companies expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Patterson Companies' Buy-and-hold return. Our buy-and-hold chart shows how Patterson Companies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Patterson Companies Market Price Analysis

Market price analysis 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 understating and applying Patterson Companies stock market price indicators, traders can identify Patterson Companies position entry and exit signals to maximize returns.

Patterson Companies Return and Market Media

The median price of Patterson Companies for the period between Sun, Sep 4, 2022 and Sat, Dec 3, 2022 is 26.37 with a coefficient of variation of 5.51. The daily time series for the period is distributed with a sample standard deviation of 1.47, arithmetic mean of 26.68, and mean deviation of 1.24. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Acquisition by Mckoy Philip of 5326 shares of Patterson Comp...09/13/2022
2
Patterson Companies, Inc. Stocks Been Sliding But Fundamenta...09/14/2022
3
Patterson Companies Stock Mispricing Opportunity Ahead - See...09/22/2022
4
Is Patterson-UTI Energy Using Too Much Debt - Nasdaq10/06/2022
5
Patterson Companies Is Paying Out A Dividend Of 0.26 - Simpl...10/14/2022
6
EPS Estimate10/31/2022
7
Heres Why You Should Retain Patterson Companies Stock - Yaho...11/14/2022
8
EPS Reported12/01/2022

About Patterson Companies Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Patterson or other stocks. Alpha measures the amount that position in Patterson Companies has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2010 2011 2021 (projected)
Long Term Debt to Equity0.360.510.47
Interest Coverage13.838.677.74

Patterson Companies Upcoming Company Events

As portrayed in its financial statements, the presentation of Patterson Companies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Patterson Companies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Patterson Companies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Patterson Companies. Please utilize our Beneish M Score to check the likelihood of Patterson Companies' management manipulating its earnings.
Upcoming Quarterly Report2nd of March 2022
Next Financial Report22nd of June 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End22nd of June 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

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Please check Patterson Companies Backtesting, Patterson Companies Valuation, Patterson Companies Correlation, Patterson Companies Hype Analysis, Patterson Companies Volatility, Patterson Companies History and analyze Patterson Companies Performance. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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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...