Patterson Companies Stock Probability of Future Stock Price Finishing Under 11.52
| PDCO Stock | USD 30.85 0.04 0.13% |
Patterson |
Patterson Companies Target Price Odds to finish below 11.52
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 drop to $ 11.52 or more in 90 days |
| 30.85 | 90 days | 11.52 | near 1 |
Based on a normal probability distribution, the odds of Patterson Companies to drop to $ 11.52 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 $ 11.52 and its current price of $30.85 at the end of the 90-day period is about 98.0 .
Given the investment horizon of 90 days Patterson Companies has a beta of -0.69 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 0.6926, implying that it can generate a 0.69 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Patterson Companies Price Density |
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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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patterson Companies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 | 0.69 | |
β | Beta against Dow Jones | -0.69 | |
σ | Overall volatility | 3.93 | |
Ir | Information ratio | 0.14 |
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 is unlikely to experience financial distress in the next 2 years | |
| Patterson Companies currently holds about 153.23 M in cash with (789.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.58. | |
| Patterson Companies has a poor financial position based on the latest SEC disclosures | |
| Over 90.0% of the company shares are owned by institutional investors | |
| On 1st of November 2024 Patterson Companies paid $ 0.26 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Patterson Companies Soars 35 percent on 4.1 Billion Buyout A Game-Changer for Dental Stocks |
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 | 93.7 M | |
| Cash And Short Term Investments | 114.5 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 is unlikely to experience financial distress in the next 2 years | |
| Patterson Companies currently holds about 153.23 M in cash with (789.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.58. | |
| Patterson Companies has a poor financial position based on the latest SEC disclosures | |
| Over 90.0% of the company shares are owned by institutional investors | |
| On 1st of November 2024 Patterson Companies paid $ 0.26 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Patterson Companies Soars 35 percent on 4.1 Billion Buyout A Game-Changer for Dental Stocks |
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. To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson Companies. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.53) | Earnings Share 1.69 | Revenue Per Share 71.704 | Quarterly Revenue Growth (0.02) | Return On Assets 0.056 |
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.