Patrick Industries Stock Forecast - Period Momentum Indicator
| PATK Stock | USD 134.39 0.03 0.02% |
Patrick Stock Forecast is based on your current time horizon. Although Patrick Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Patrick Industries' systematic risk associated with finding meaningful patterns of Patrick Industries fundamentals over time.
Patrick |
| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (6.10) | (3.96) |
| Check Patrick Industries Volatility | Backtest Patrick Industries | Trend Details |
Patrick Industries Trading Date Momentum
| On November 27 2024 Patrick Industries was traded for 134.42 at the closing time. The top price for the day was 140.75 and the lowest listed price was 134.26 . The trading volume for the day was 174 K. The trading history from November 27, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.84% . The trading delta at closing time against the current closing price is 2.65% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare Patrick Industries to competition |
Other Forecasting Options for Patrick Industries
For every potential investor in Patrick, whether a beginner or expert, Patrick Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Patrick Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Patrick. Basic forecasting techniques help filter out the noise by identifying Patrick Industries' price trends.Patrick Industries Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Patrick Industries stock to make a market-neutral strategy. Peer analysis of Patrick Industries could also be used in its relative valuation, which is a method of valuing Patrick Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Patrick Industries Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Patrick Industries' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Patrick Industries' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Patrick Industries Market Strength Events
Market strength indicators help investors to evaluate how Patrick Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patrick Industries shares will generate the highest return on investment. By undertsting and applying Patrick Industries stock market strength indicators, traders can identify Patrick Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 1805.25 | |||
| Daily Balance Of Power | (0.01) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 134.62 | |||
| Day Typical Price | 134.54 | |||
| Price Action Indicator | (0.24) | |||
| Period Momentum Indicator | (0.03) |
Patrick Industries Risk Indicators
The analysis of Patrick Industries' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Patrick Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting patrick stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.76 | |||
| Semi Deviation | 2.54 | |||
| Standard Deviation | 2.51 | |||
| Variance | 6.31 | |||
| Downside Variance | 7.03 | |||
| Semi Variance | 6.47 | |||
| Expected Short fall | (1.64) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Patrick Industries to cross-verify your projections. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Building Products 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 Patrick Industries. If investors know Patrick 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 Patrick Industries 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 (0.01) | Dividend Share 2.2 | Earnings Share 6.96 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' 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 Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' 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 Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' 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.