Patrick Industries Stock Alpha and Beta Analysis
| PATK Stock | USD 106.81 1.65 1.52% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Patrick Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in Patrick Industries over a specified time horizon. Remember, high Patrick Industries' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Patrick Industries' market risk premium analysis include:
Beta 1.73 | Alpha 0.0164 | Risk 1.82 | Sharpe Ratio 0.0582 | Expected Return 0.11 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Patrick |
Patrick Industries Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Patrick Industries market risk premium is the additional return an investor will receive from holding Patrick Industries long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Patrick Industries. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Patrick Industries' performance over market.| α | 0.02 | β | 1.73 |
Patrick Industries expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Patrick Industries' Buy-and-hold return. Our buy-and-hold chart shows how Patrick Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Patrick Industries Market Price Analysis
Market price analysis 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 understating and applying Patrick Industries stock market price indicators, traders can identify Patrick Industries position entry and exit signals to maximize returns.
Patrick Industries Return and Market Media
The median price of Patrick Industries for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 111.41 with a coefficient of variation of 5.81. The daily time series for the period is distributed with a sample standard deviation of 6.39, arithmetic mean of 110.05, and mean deviation of 5.44. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend | 02/08/2024 |
2 | Patrick Industries exotic insider transaction detected | 02/16/2024 |
3 | Disposition of 10000 shares by Andy Nemeth of Patrick Industries at 115.0038 subject to Rule 16b-3 | 02/23/2024 |
4 | Disposition of 5000 shares by Andy Nemeth of Patrick Industries at 116.5 subject to Rule 16b-3 | 02/27/2024 |
| Patrick Industries dividend paid on 4th of March 2024 | 03/04/2024 |
5 | Q2 2019 Patrick Industries Inc Earnings Call Transcript | 03/06/2024 |
6 | Insider Sell President-PowersportsHousing Kip Ellis Sells 7,462 Shares of Patrick Industries ... | 03/07/2024 |
7 | Patrick Industries Trading Down 5 percent Following Insider Selling | 03/08/2024 |
8 | Is Patrick Industries, Inc. Potentially Undervalued | 03/26/2024 |
9 | Vanguard Group Inc. Reduces Stake in Patrick Industries, Inc. - MarketBeat | 04/03/2024 |
10 | Bear of the Day Winnebago Industries | 04/08/2024 |
11 | Patrick Industries sheds 6.8 percent this week, as yearly returns fall more in line with earnings growth | 04/15/2024 |
12 | Down -8.63 percent in 4 Weeks, Heres Why You Should You Buy the Dip in Patrick Industries | 04/18/2024 |
About Patrick Industries Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Patrick or other stocks. Alpha measures the amount that position in Patrick Industries has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0147 | 0.0245 | 0.0123 | Price To Sales Ratio | 0.45 | 0.27 | 0.65 |
Patrick Industries Upcoming Company Events
As portrayed in its financial statements, the presentation of Patrick Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Patrick Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Patrick Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Patrick Industries. Please utilize our Beneish M Score to check the likelihood of Patrick Industries' management manipulating its earnings.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Patrick Industries
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Patrick Industries Backtesting, Patrick Industries Valuation, Patrick Industries Correlation, Patrick Industries Hype Analysis, Patrick Industries Volatility, Patrick Industries History and analyze Patrick Industries Performance. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Patrick Stock analysis
When running Patrick Industries' price analysis, check to measure Patrick Industries' 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 Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.
| Stocks Directory Find actively traded stocks across global markets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Patrick Industries 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.