Patterson Companies (Germany) Probability of Future Stock Price Finishing Over 39.73
| PD2 Stock | EUR 29.40 0.40 1.34% |
Patterson |
Patterson Companies Target Price Odds to finish over 39.73
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 over € 39.73 or more in 90 days |
| 29.40 | 90 days | 39.73 | near 1 |
Based on a normal probability distribution, the odds of Patterson Companies to move over € 39.73 or more in 90 days from now is near 1 (This Patterson Companies probability density function shows the probability of Patterson Stock to fall within a particular range of prices over 90 days) . Probability of Patterson Companies price to stay between its current price of € 29.40 and € 39.73 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Patterson Companies has a beta of -0.2 indicating as returns on the benchmark increase, returns on holding Patterson Companies are expected to decrease at a much lower rate. During a bear market, however, Patterson Companies is likely to outperform the market. Additionally Patterson Companies has an alpha of 0.7382, implying that it can generate a 0.74 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 | 0.74 | |
β | Beta against Dow Jones | -0.2 | |
σ | Overall volatility | 3.28 | |
Ir | Information ratio | 0.15 |
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 has accumulated about 95.65 M in cash with (980.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.03. | |
| Over 84.0% of the company shares are owned by institutional investors |
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 |
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 has accumulated about 95.65 M in cash with (980.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.03. | |
| Over 84.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in Patterson Stock
When determining whether Patterson Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Companies Stock:Check out Patterson Companies Backtesting, Patterson Companies Valuation, Patterson Companies Correlation, Patterson Companies Hype Analysis, Patterson Companies Volatility, Patterson Companies History as well as Patterson Companies Performance. For more detail on how to invest in Patterson Stock please use our How to Invest in Patterson Companies guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.