Pennymac Mortgage Investment Stock Market Value
| PMT Stock | USD 13.56 0.29 2.19% |
| Symbol | PennyMac |
PennyMac Mortgage Price To Book Ratio
Is PennyMac Mortgage's industry 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 PennyMac Mortgage. If investors know PennyMac 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 PennyMac Mortgage 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 50.468 | Dividend Share 1.6 | Earnings Share 1.63 | Revenue Per Share 8.308 | Quarterly Revenue Growth 2.037 |
The market value of PennyMac Mortgage is measured differently than its book value, which is the value of PennyMac that is recorded on the company's balance sheet. Investors also form their own opinion of PennyMac Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PennyMac Mortgage'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 PennyMac Mortgage's market value can be influenced by many factors that don't directly affect PennyMac Mortgage'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 PennyMac Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennyMac Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennyMac Mortgage'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.
PennyMac Mortgage '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 PennyMac Mortgage'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 PennyMac Mortgage.
| 04/26/2023 |
| 04/20/2024 |
If you would invest 0.00 in PennyMac Mortgage on April 26, 2023 and sell it all today you would earn a total of 0.00 from holding PennyMac Mortgage Investment or generate 0.0% return on investment in PennyMac Mortgage over 360 days. PennyMac Mortgage is related to or competes with Omega Healthcare, and Medical Properties. PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the Uni... More
PennyMac Mortgage 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 PennyMac Mortgage'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 PennyMac Mortgage Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.11 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.19 |
PennyMac Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PennyMac Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PennyMac Mortgage's standard deviation. In reality, there are many statistical measures that can use PennyMac Mortgage historical prices to predict the future PennyMac Mortgage's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PennyMac Mortgage's 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.
PennyMac Mortgage Backtested Returns
PennyMac Mortgage maintains Sharpe Ratio (i.e., Efficiency) of -0.0509, which implies the firm had a -0.0509% return per unit of risk over the last 3 months. PennyMac Mortgage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PennyMac Mortgage's Coefficient Of Variation of (8,662), risk adjusted performance of (0), and Variance of 2.41 to confirm the risk estimate we provide. The company holds a Beta of 1.67, 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, PennyMac Mortgage will likely underperform. PennyMac Mortgage has an expected return of -0.0787%. Please make sure to check PennyMac Mortgage total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if PennyMac Mortgage performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
PennyMac Mortgage Investment has modest predictability. Overlapping area represents the amount of predictability between PennyMac Mortgage time series from 26th of April 2023 to 23rd of October 2023 and 23rd of October 2023 to 20th of April 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 PennyMac Mortgage price movement. The serial correlation of 0.55 indicates that about 55.0% of current PennyMac Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
PennyMac Mortgage lagged returns against current returns
Autocorrelation, which is PennyMac Mortgage 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 PennyMac Mortgage's stock expected returns. We can calculate the autocorrelation of PennyMac Mortgage returns to help us make a trade decision. For example, suppose you find that PennyMac Mortgage 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 |
PennyMac Mortgage 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 PennyMac Mortgage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PennyMac Mortgage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PennyMac Mortgage stock over time.
Current vs Lagged Prices |
| Timeline |
PennyMac Mortgage Lagged Returns
When evaluating PennyMac Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PennyMac Mortgage stock have on its future price. PennyMac Mortgage 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, PennyMac Mortgage autocorrelation shows the relationship between PennyMac Mortgage stock current value and its past values and can show if there is a momentum factor associated with investing in PennyMac Mortgage Investment.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PennyMac Mortgage in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PennyMac Mortgage's short interest history, or implied volatility extrapolated from PennyMac Mortgage options trading.
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Check out PennyMac Mortgage Correlation, PennyMac Mortgage Volatility and PennyMac Mortgage Alpha and Beta module to complement your research on PennyMac Mortgage. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for PennyMac Stock analysis
When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.
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PennyMac Mortgage 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.