Patterson-UTI Energy (Germany) Market Value
| PE1 Stock | EUR 8.00 0.05 0.62% |
| Symbol | Patterson-UTI |
Patterson-UTI Energy '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 Energy'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 Energy.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Patterson-UTI Energy on December 13, 2022 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 Energy over 720 days. Patterson-UTI Energy is related to or competes with TOREX SEMICONDUCTOR, Elmos Semiconductor, Laureate Education, Magnachip Semiconductor, ON SEMICONDUCTOR, ELMOS SEMICONDUCTOR, and TAL Education. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas... More
Patterson-UTI Energy 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 Energy'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.
| Downside Deviation | 2.89 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.23 |
Patterson-UTI Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson-UTI Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patterson-UTI Energy's standard deviation. In reality, there are many statistical measures that can use Patterson-UTI Energy historical prices to predict the future Patterson-UTI Energy's volatility.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1331 |
Patterson UTI Energy Backtested Returns
At this point, Patterson-UTI Energy is slightly risky. Patterson UTI Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0072, which implies the firm had a 0.0072% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Patterson UTI Energy, which you can use to evaluate the volatility of the company. Please check Patterson-UTI Energy's Semi Deviation of 2.48, coefficient of variation of 13942.21, and Risk Adjusted Performance of 0.0128 to confirm if the risk estimate we provide is consistent with the expected return of 0.0204%. The company holds a Beta of 0.0779, which implies not very significant fluctuations relative to the market. As returns on the market increase, Patterson-UTI Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Patterson-UTI Energy is expected to be smaller as well. Patterson UTI Energy right now holds a risk of 2.84%. Please check Patterson UTI Energy value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Patterson UTI Energy will be following its historical price patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
Patterson UTI Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Patterson-UTI Energy time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 UTI Energy price movement. The serial correlation of -0.22 indicates that over 22.0% of current Patterson-UTI Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Patterson UTI Energy lagged returns against current returns
Autocorrelation, which is Patterson-UTI Energy 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 Energy's stock expected returns. We can calculate the autocorrelation of Patterson-UTI Energy returns to help us make a trade decision. For example, suppose you find that Patterson-UTI Energy 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-UTI Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patterson-UTI Energy 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 Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Patterson-UTI Energy Lagged Returns
When evaluating Patterson-UTI Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patterson-UTI Energy stock have on its future price. Patterson-UTI Energy 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 Energy autocorrelation shows the relationship between Patterson-UTI Energy 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-UTI 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 Energy'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 Energy Correlation, Patterson-UTI Energy Volatility and Patterson-UTI Energy Alpha and Beta module to complement your research on Patterson-UTI Energy. For more detail on how to invest in Patterson-UTI Stock please use our How to Invest in Patterson-UTI Energy guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Patterson-UTI Energy 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.