Patterson Story

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PDCO -- USA Stock  

USD 31.47  1.06  3.26%

Given the investment horizon of 60 days Patterson Companies is expected to generate 2.34 times more return on investment than the market. However, the company is 2.34 times more volatile than its market benchmark. It trades about 0.04 of its potential returns per unit of risk. The DOW is currently generating roughly 0.08 per unit of risk. As many investors are getting excited about healthcare space, it is fair to outline Patterson Companies. We will cover the possibilities of Patterson Companies' current volatility to continue through January. Patterson Companies' low volatility may still impact the value of the stock as we estimate it as currently overvalued. The real value, based on our analysis, is getting close to 25.62 per share.
Published over a month ago
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Is Patterson Companies (NASDAQ:PDCO) a good hedge for your existing portfolios?
Patterson Companies currently holds roughly 119.56 M in cash with (428.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.26.
Volatility is a rate at which the price of Patterson Companies or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Patterson Companies may increase or decrease. In other words, similar to Patterson's beta indicator, it measures the risk of Patterson Companies and helps estimate the fluctuations that may happen in a short period of time. So if prices of Patterson Companies fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Patterson Companies's Liquidity

Patterson Companies financial leverage refers to using borrowed capital as a funding source to finance Patterson Companies ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Patterson Companies financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Patterson Companies's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Patterson Companies, but it might be worth checking our own buy vs. sell analysis

Patterson Companies Volatility Drivers

Patterson Companies unsystematic risk is unique to Patterson Companies and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Patterson Companies you can also buy CR Bard. You can also mitigate this risk by investing in the medical distribution sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Patterson Companies important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Patterson Companies income statement and balance sheet. Here are more details about Patterson volatility.
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