Patterson Companies (Germany) Market Value
| PD2 Stock | EUR 29.40 0.40 1.34% |
| 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.
| 07/31/2023 |
| 12/22/2024 |
If you would invest 0.00 in Patterson Companies on July 31, 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 510 days. Patterson Companies is related to or competes with AmerisourceBergen, Cardinal Health, Henry Schein, Shanghai Pharmaceuticals, Sinopharm Group, SINOPHARM GROUP, and Prestige Consumer. Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingd... 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 | 2.23 | |||
| Information Ratio | 0.1524 | |||
| Maximum Drawdown | 35.22 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 4.08 |
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 | 0.1345 | |||
| Jensen Alpha | 0.7382 | |||
| Total Risk Alpha | 0.603 | |||
| Sortino Ratio | 0.3185 | |||
| Treynor Ratio | (3.67) |
Patterson Companies Backtested Returns
Patterson Companies appears to be not too volatile, given 3 months investment horizon. Patterson Companies maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Patterson Companies' technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please evaluate Patterson Companies' Coefficient Of Variation of 627.7, risk adjusted performance of 0.1345, and Semi Deviation of 1.37 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 12. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Patterson Companies are expected to decrease at a much lower rate. During the bear market, Patterson Companies is likely to outperform the market. Please check Patterson Companies' treynor ratio, value at risk, downside variance, as well as 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 | 0.22 |
Weak predictability
Patterson Companies has weak predictability. Overlapping area represents the amount of predictability between Patterson Companies time series from 31st of July 2023 to 11th of April 2024 and 11th of April 2024 to 22nd of December 2024. 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 0.22 indicates that over 22.0% of current Patterson Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 4.83 |
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 |
| Timeline |
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 |
Currently Active Assets on Macroaxis
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 Correlation, Patterson Companies Volatility and Patterson Companies Alpha and Beta module to complement your research on Patterson Companies. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.