Penumbra Price To Free Cash Flows Ratio from 2010 to 2024
| PEN Stock | USD 244.15 4.81 1.93% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 117.62579826 | Current Value 123.51 | Quarterly Volatility 552.42898049 |
Check Penumbra financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Penumbra's main balance sheet or income statement drivers, such as Interest Expense of 1.7 M, Total Revenue of 1.1 B or Gross Profit of 716.8 M, as well as many indicators such as Price To Sales Ratio of 7.88, Dividend Yield of 0.0 or PTB Ratio of 8.6. Penumbra financial statements analysis is a perfect complement when working with Penumbra Valuation or Volatility modules.
Penumbra | Price To Free Cash Flows Ratio |
Latest Penumbra's Price To Free Cash Flows Ratio Growth Pattern
Below is the plot of the Price To Free Cash Flows Ratio of Penumbra over the last few years. It is Penumbra's Price To Free Cash Flows Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Penumbra's overall financial position and show how it may be relating to other accounts over time.
| Price To Free Cash Flows Ratio | 10 Years Trend |
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Price To Free Cash Flows Ratio |
| Timeline |
Penumbra Price To Free Cash Flows Ratio Regression Statistics
| Arithmetic Mean | (125.59) | |
| Coefficient Of Variation | (439.88) | |
| Mean Deviation | 325.61 | |
| Median | (107.92) | |
| Standard Deviation | 552.43 | |
| Sample Variance | 305,178 | |
| Range | 2.6K | |
| R-Value | 0.16 | |
| Mean Square Error | 320,236 | |
| R-Squared | 0.03 | |
| Significance | 0.57 | |
| Slope | 19.77 | |
| Total Sum of Squares | 4.3M |
Penumbra Price To Free Cash Flows Ratio History
About Penumbra Financial Statements
Penumbra investors utilize fundamental indicators, such as Price To Free Cash Flows Ratio, to predict how Penumbra Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Free Cash Flows Ratio | 117.63 | 123.51 |
Pair Trading with Penumbra
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Penumbra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Penumbra will appreciate offsetting losses from the drop in the long position's value.Moving together with Penumbra Stock
Moving against Penumbra Stock
| 0.95 | TFX | Teleflex Incorporated | PairCorr |
| 0.89 | GCTK | GlucoTrack | PairCorr |
| 0.87 | ZJYL | JIN MEDICAL INTERNATIONAL | PairCorr |
| 0.82 | XTNT | Xtant Medical Holdings | PairCorr |
| 0.79 | CNC | Centene Corp Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Penumbra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penumbra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Penumbra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Penumbra to buy it.
The correlation of Penumbra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Penumbra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penumbra moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Penumbra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Penumbra Correlation against competitors. To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Health Care Equipment & Supplies space 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 Penumbra. If investors know Penumbra 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 Penumbra 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 2.261 | Earnings Share 0.88 | Revenue Per Share 30.081 | Quarterly Revenue Growth 0.111 | Return On Assets 0.0333 |
The market value of Penumbra is measured differently than its book value, which is the value of Penumbra that is recorded on the company's balance sheet. Investors also form their own opinion of Penumbra's value that differs from its market value or its book value, called intrinsic value, which is Penumbra'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 Penumbra's market value can be influenced by many factors that don't directly affect Penumbra'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 Penumbra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penumbra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penumbra'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.