Patterson UTI (Germany) Market Value
PE1 Stock | EUR 7.05 0.35 5.22% |
Symbol | Patterson |
Patterson UTI '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 UTI's 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 UTI.
12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Patterson UTI on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Patterson UTI Energy or generate 0.0% return on investment in Patterson UTI over 90 days. Patterson UTI is related to or competes with Collins Foods, Suntory Beverage, GWILLI FOOD, LOANDEPOT INC, Lendlease, SENECA FOODS-A, and Nomad Foods. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas... More
Patterson UTI 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 UTI's 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 UTI Energy upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.0143 | |||
Maximum Drawdown | 25.72 | |||
Value At Risk | (5.22) | |||
Potential Upside | 4.62 |
Patterson UTI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson UTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patterson UTI's standard deviation. In reality, there are many statistical measures that can use Patterson UTI historical prices to predict the future Patterson UTI's volatility.Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.17) | |||
Total Risk Alpha | 0.3798 | |||
Treynor Ratio | 0.0578 |
Patterson UTI Energy Backtested Returns
At this point, Patterson UTI is slightly risky. Patterson UTI Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0121, which implies the firm had a 0.0121 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Patterson UTI Energy, which you can use to evaluate the volatility of the company. Please check Patterson UTI's Variance of 12.27, insignificant risk adjusted performance, and Coefficient Of Variation of (7,169) to confirm if the risk estimate we provide is consistent with the expected return of 0.0427%. The company holds a Beta of -1.02, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Patterson UTI are expected to decrease slowly. On the other hand, during market turmoil, Patterson UTI is expected to outperform it slightly. Patterson UTI Energy right now holds a risk of 3.52%. Please check Patterson UTI Energy potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if Patterson UTI Energy will be following its historical price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Patterson UTI Energy has insignificant predictability. Overlapping area represents the amount of predictability between Patterson UTI time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 UTI Energy price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Patterson UTI price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.14 | |
Spearman Rank Test | -0.21 | |
Residual Average | 0.0 | |
Price Variance | 0.29 |
Patterson UTI Energy lagged returns against current returns
Autocorrelation, which is Patterson UTI 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 UTI's stock expected returns. We can calculate the autocorrelation of Patterson UTI returns to help us make a trade decision. For example, suppose you find that Patterson UTI 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 UTI 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 UTI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patterson UTI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patterson UTI stock over time.
Current vs Lagged Prices |
Timeline |
Patterson UTI Lagged Returns
When evaluating Patterson UTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patterson UTI stock have on its future price. Patterson UTI 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 UTI autocorrelation shows the relationship between Patterson UTI stock current value and its past values and can show if there is a momentum factor associated with investing in Patterson UTI Energy.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Patterson Stock
When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's 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 Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:Check out Patterson UTI Correlation, Patterson UTI Volatility and Patterson UTI Alpha and Beta module to complement your research on Patterson UTI. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Patterson UTI 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.