PATRICK INDUSTR Current Valuation vs. Market Capitalization
| PK2 Stock | 79.00 1.00 1.25% |
For PATRICK INDUSTR profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PATRICK INDUSTR to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PATRICK INDUSTR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PATRICK INDUSTR's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PATRICK INDUSTR over time as well as its relative position and ranking within its peers.
PATRICK |
PATRICK INDUSTR Market Capitalization vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PATRICK INDUSTR's current stock value. Our valuation model uses many indicators to compare PATRICK INDUSTR value to that of its competitors to determine the firm's financial worth. PATRICK INDUSTR is rated below average in current valuation category among its peers. It also is rated below average in market capitalization category among its peers creating about 0.60 of Market Capitalization per Current Valuation. The ratio of Current Valuation to Market Capitalization for PATRICK INDUSTR is roughly 1.67 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the PATRICK INDUSTR's earnings, one of the primary drivers of an investment's value.PATRICK Market Capitalization vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
PATRICK INDUSTR |
| = | 2.59 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
PATRICK INDUSTR |
| = | 1.55 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
PATRICK Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PATRICK INDUSTR. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of PATRICK INDUSTR position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the PATRICK INDUSTR's important profitability drivers and their relationship over time.
Use PATRICK INDUSTR in pair-trading
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 PATRICK INDUSTR 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 PATRICK INDUSTR will appreciate offsetting losses from the drop in the long position's value.PATRICK INDUSTR Pair Trading
PATRICK INDUSTR Pair Trading Analysis
The ability to find closely correlated positions to PATRICK INDUSTR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PATRICK INDUSTR 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 PATRICK INDUSTR - 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 PATRICK INDUSTR to buy it.
The correlation of PATRICK INDUSTR 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 PATRICK INDUSTR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PATRICK INDUSTR 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 PATRICK INDUSTR 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.Use Investing Themes to Complement your PATRICK INDUSTR position
In addition to having PATRICK INDUSTR in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Top Crypto Assets Thematic Idea Now
Top Crypto Assets
An experimental p2p digital currency that is accepted by many vendors in null. The Top Crypto Assets theme has 0 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Top Crypto Assets Theme or any other thematic opportunities.
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Additional Tools for PATRICK Stock Analysis
When running PATRICK INDUSTR's price analysis, check to measure PATRICK INDUSTR'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 PATRICK INDUSTR is operating at the current time. Most of PATRICK INDUSTR's value examination focuses on studying past and present price action to predict the probability of PATRICK INDUSTR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PATRICK INDUSTR's price. Additionally, you may evaluate how the addition of PATRICK INDUSTR to your portfolios can decrease your overall portfolio volatility.