Pinnacle Financial Partners Stock Market Value
| PNFP Stock | USD 127.11 0.14 0.11% |
| Symbol | Pinnacle |
Pinnacle Financial Price To Book Ratio
Is Regional Banks 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 Pinnacle Financial. If investors know Pinnacle 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 Pinnacle Financial 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 0.101 | Dividend Share 0.88 | Earnings Share 5.22 | Revenue Per Share 20.31 | Quarterly Revenue Growth 0.155 |
The market value of Pinnacle Financial is measured differently than its book value, which is the value of Pinnacle that is recorded on the company's balance sheet. Investors also form their own opinion of Pinnacle Financial's value that differs from its market value or its book value, called intrinsic value, which is Pinnacle Financial's 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 Pinnacle Financial's market value can be influenced by many factors that don't directly affect Pinnacle Financial's 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 Pinnacle Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pinnacle Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pinnacle Financial's 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.
Pinnacle Financial '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 Pinnacle Financial'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 Pinnacle Financial.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Pinnacle Financial on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Pinnacle Financial Partners or generate 0.0% return on investment in Pinnacle Financial over 90 days. Pinnacle Financial is related to or competes with Wintrust Financial, Renasant, Texas Capital, and Home BancShares. Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Ban... More
Pinnacle Financial 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 Pinnacle Financial'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 Pinnacle Financial Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.1087 | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.5 |
Pinnacle Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle Financial's standard deviation. In reality, there are many statistical measures that can use Pinnacle Financial historical prices to predict the future Pinnacle Financial's volatility.| Risk Adjusted Performance | 0.1295 | |||
| Jensen Alpha | 0.0714 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1647 | |||
| Treynor Ratio | 0.1538 |
Pinnacle Financial Backtested Returns
Pinnacle Financial appears to be very steady, given 3 months investment horizon. Pinnacle Financial 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. We have found thirty technical indicators for Pinnacle Financial, which you can use to evaluate the volatility of the company. Please evaluate Pinnacle Financial's Risk Adjusted Performance of 0.1295, semi deviation of 1.5, and Coefficient Of Variation of 624.98 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pinnacle Financial holds a performance score of 12. The company holds a Beta of 2.72, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pinnacle Financial will likely underperform. Please check Pinnacle Financial's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Pinnacle Financial's historical price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Pinnacle Financial Partners has below average predictability. Overlapping area represents the amount of predictability between Pinnacle Financial time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Pinnacle Financial price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Pinnacle Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 111.9 |
Pinnacle Financial lagged returns against current returns
Autocorrelation, which is Pinnacle Financial 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 Pinnacle Financial's stock expected returns. We can calculate the autocorrelation of Pinnacle Financial returns to help us make a trade decision. For example, suppose you find that Pinnacle Financial 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 |
Pinnacle Financial 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 Pinnacle Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle Financial Lagged Returns
When evaluating Pinnacle Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle Financial stock have on its future price. Pinnacle Financial 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, Pinnacle Financial autocorrelation shows the relationship between Pinnacle Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle Financial Partners.
Regressed Prices |
| Timeline |
Pair Trading with Pinnacle Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pinnacle Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pinnacle Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Pinnacle Stock
Moving against Pinnacle Stock
| 0.68 | CFG-PE | Citizens Financial | PairCorr |
| 0.65 | TFC-PO | Truist Financial | PairCorr |
| 0.62 | TFC-PR | Truist Financial | PairCorr |
| 0.35 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Pinnacle Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinnacle Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pinnacle Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pinnacle Financial Partners to buy it.
The correlation of Pinnacle Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pinnacle Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinnacle Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pinnacle Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Pinnacle Stock Analysis
When running Pinnacle Financial's price analysis, check to measure Pinnacle Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pinnacle Financial is operating at the current time. Most of Pinnacle Financial's value examination focuses on studying past and present price action to predict the probability of Pinnacle Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle Financial's price. Additionally, you may evaluate how the addition of Pinnacle Financial to your portfolios can decrease your overall portfolio volatility.