Patterson Companies (Germany) Market Value
| PD2 Stock | EUR 29.40 0.20 0.68% |
| Symbol | Patterson |
Patterson Companies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Patterson Companies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Patterson Companies.
| 02/18/2023 |
| 01/08/2025 |
If you would invest 0.00 in Patterson Companies on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding Patterson Companies or generate 0.0% return on investment in Patterson Companies over 690 days. Patterson Companies is related to or competes with FIRST SAVINGS, WisdomTree Investments, COMPUTERSHARE, ECHO INVESTMENT, Highlight Communications, and Computershare. More
Patterson Companies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Patterson Companies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Patterson Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1532 | |||
| Maximum Drawdown | 36.88 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.0 |
Patterson Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patterson Companies' standard deviation. In reality, there are many statistical measures that can use Patterson Companies historical prices to predict the future Patterson Companies' volatility.| Risk Adjusted Performance | 0.1371 | |||
| Jensen Alpha | 0.7647 | |||
| Total Risk Alpha | 0.6233 | |||
| Sortino Ratio | 0.3897 | |||
| Treynor Ratio | (0.34) |
Patterson Companies Backtested Returns
Patterson Companies appears to be somewhat reliable, given 3 months investment horizon. Patterson Companies maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Patterson Companies' technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please evaluate Patterson Companies' Risk Adjusted Performance of 0.1371, semi deviation of 1.13, and Coefficient Of Variation of 627.86 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Patterson Companies holds a performance score of 15. The company holds a Beta of -2.11, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Patterson Companies are expected to decrease by larger amounts. On the other hand, during market turmoil, Patterson Companies is expected to outperform it. Please check Patterson Companies' value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Patterson Companies' historical price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Patterson Companies has poor reverse predictability. Overlapping area represents the amount of predictability between Patterson Companies time series from 18th of February 2023 to 29th of January 2024 and 29th of January 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Patterson Companies price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Patterson Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 7.71 |
Patterson Companies lagged returns against current returns
Autocorrelation, which is Patterson Companies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Patterson Companies' stock expected returns. We can calculate the autocorrelation of Patterson Companies returns to help us make a trade decision. For example, suppose you find that Patterson Companies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Patterson Companies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Patterson Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patterson Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patterson Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Patterson Companies Lagged Returns
When evaluating Patterson Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patterson Companies stock have on its future price. Patterson Companies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Patterson Companies autocorrelation shows the relationship between Patterson Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Patterson Companies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.