Patterson Companies (Germany) Probability of Future Stock Price Finishing Over 29.60
| PD2 Stock | EUR 29.60 0.20 0.67% |
Patterson |
Patterson Companies Target Price Odds to finish over 29.60
The tendency of Patterson Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 29.60 | 90 days | 29.60 | about 1.75 |
Based on a normal probability distribution, the odds of Patterson Companies to move above the current price in 90 days from now is about 1.75 (This Patterson Companies probability density function shows the probability of Patterson Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Patterson Companies has a beta of -2.12 indicating as returns on its benchmark rise, returns on holding Patterson Companies are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Patterson Companies is expected to outperform its benchmark. Additionally Patterson Companies has an alpha of 0.8023, implying that it can generate a 0.8 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Patterson Companies Price Density |
| Price |
Predictive Modules for Patterson Companies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Patterson Companies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Patterson Companies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Patterson Companies is not an exception. The market had few large corrections towards the Patterson Companies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Patterson Companies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Patterson Companies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.80 | |
β | Beta against Dow Jones | -2.12 | |
σ | Overall volatility | 3.98 | |
Ir | Information ratio | 0.17 |
Patterson Companies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Patterson Companies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Patterson Companies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Patterson Companies appears to be risky and price may revert if volatility continues | |
| Patterson Companies generates negative cash flow from operations |
Patterson Companies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Patterson Stock often depends not only on the future outlook of the current and potential Patterson Companies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Patterson Companies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 96.8 M | |
| Dividends Paid | 101.1 M | |
| Short Long Term Debt | 29 M |
Patterson Companies Technical Analysis
Patterson Companies' future price can be derived by breaking down and analyzing its technical indicators over time. Patterson Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Patterson Companies. In general, you should focus on analyzing Patterson Stock price patterns and their correlations with different microeconomic environments and drivers.
Patterson Companies Predictive Forecast Models
Patterson Companies' time-series forecasting models is one of many Patterson Companies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Patterson Companies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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. Our 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 appears to be risky and price may revert if volatility continues | |
| Patterson Companies generates negative cash flow from operations |
Additional Tools for Patterson Stock Analysis
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 the 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.