Pennymac Mortgage Investment Stock Technical Analysis
| PMT Stock | USD 13.27 0.04 0.30% |
As of the 19th of April, PennyMac Mortgage holds the Risk Adjusted Performance of (0.02), variance of 2.37, and Coefficient Of Variation of (2,030). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of PennyMac Mortgage, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have collected data for thirteen technical drivers for PennyMac Mortgage, which can be compared to its competitors. Please check PennyMac Mortgage information ratio and kurtosis to decide if PennyMac Mortgage is priced some-what accurately, providing market reflects its current price of 13.27 per share. Given that PennyMac Mortgage has information ratio of (0.09), we recommend you to check out PennyMac Mortgage's recent market performance to make sure the company can sustain itself at a future point.
PennyMac Mortgage Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as PennyMac, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PennyMacPennyMac |
PennyMac Mortgage Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 13.64 | Buy | 9 | Odds |
Most PennyMac analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand PennyMac stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of PennyMac Mortgage, talking to its executives and customers, or listening to PennyMac conference calls.
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.
PennyMac Mortgage Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of PennyMac Mortgage volatility. High ATR values indicate high volatility, and low values indicate low volatility.
PennyMac Mortgage Trend Analysis
Use this graph to draw trend lines for PennyMac Mortgage Investment. You can use it to identify possible trend reversals for PennyMac Mortgage as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual PennyMac Mortgage price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.PennyMac Mortgage Best Fit Change Line
The following chart estimates an ordinary least squares regression model for PennyMac Mortgage Investment applied against its price change over selected period. The best fit line has a slop of 0.0005 , which may imply that the returns on investment in PennyMac Mortgage Investment will continue to fail. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted PennyMac Mortgage price change compared to its average price change.About PennyMac Mortgage Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of PennyMac Mortgage Investment on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of PennyMac Mortgage Investment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on PennyMac Mortgage price pattern first instead of the macroeconomic environment surrounding PennyMac Mortgage. By analyzing PennyMac Mortgage's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of PennyMac Mortgage's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to PennyMac Mortgage specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.19 | 0.14 | 0.088 | Price To Sales Ratio | 10.99 | 0.89 | 0.85 |
PennyMac Mortgage April 19, 2024 Technical Indicators
Most technical analysis of PennyMac help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for PennyMac from various momentum indicators to cycle indicators. When you analyze PennyMac charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.16 | |||
| Coefficient Of Variation | (2,030) | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.37 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 8.11 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 1.83 | |||
| Skewness | (0.79) | |||
| Kurtosis | 1.13 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennyMac Mortgage Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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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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.