Pool Corporation Stock Market Value
| POOL Stock | USD 362.53 7.08 1.92% |
| Symbol | Pool |
Pool Price To Book Ratio
Is Pool'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 Pool. If investors know Pool 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 Pool 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 (0.21) | Dividend Share 4.4 | Earnings Share 12.81 | Revenue Per Share 141.572 | Quarterly Revenue Growth (0.07) |
The market value of Pool is measured differently than its book value, which is the value of Pool that is recorded on the company's balance sheet. Investors also form their own opinion of Pool's value that differs from its market value or its book value, called intrinsic value, which is Pool'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 Pool's market value can be influenced by many factors that don't directly affect Pool'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 Pool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pool'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.
Pool '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 Pool'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 Pool.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Pool on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pool Corporation or generate 0.0% return on investment in Pool over 30 days. Pool is related to or competes with Chefs Warehouse, G Willi, SpartanNash, Calavo Growers, Colabor, Bunzl Plc, and Hf Foods. Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and in... More
Pool 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 Pool'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 Pool Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.68 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.25 |
Pool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pool's standard deviation. In reality, there are many statistical measures that can use Pool historical prices to predict the future Pool's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.24) | |||
| 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 Pool'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.
Pool Backtested Returns
We consider Pool very steady. Pool maintains Sharpe Ratio (i.e., Efficiency) of 0.0066, which implies the firm had a 0.0066% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Pool, which you can use to evaluate the volatility of the company. Please check Pool's Variance of 2.75, coefficient of variation of (7,730), and Risk Adjusted Performance of (0) to confirm if the risk estimate we provide is consistent with the expected return of 0.0111%. The company holds a Beta of 1.6, 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, Pool will likely underperform. Pool right now holds a risk of 1.67%. Please check Pool treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Pool will be following its historical price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Pool Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between Pool time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Pool price movement. The serial correlation of -0.23 indicates that over 23.0% of current Pool price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 24.22 |
Pool lagged returns against current returns
Autocorrelation, which is Pool 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 Pool's stock expected returns. We can calculate the autocorrelation of Pool returns to help us make a trade decision. For example, suppose you find that Pool 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 |
Pool 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 Pool stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pool stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pool stock over time.
Current vs Lagged Prices |
| Timeline |
Pool Lagged Returns
When evaluating Pool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pool stock have on its future price. Pool 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, Pool autocorrelation shows the relationship between Pool stock current value and its past values and can show if there is a momentum factor associated with investing in Pool Corporation.
Regressed Prices |
| Timeline |
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Check out Pool Correlation, Pool Volatility and Pool Alpha and Beta module to complement your research on Pool. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Pool Stock analysis
When running Pool's price analysis, check to measure Pool'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 Pool is operating at the current time. Most of Pool's value examination focuses on studying past and present price action to predict the probability of Pool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pool's price. Additionally, you may evaluate how the addition of Pool to your portfolios can decrease your overall portfolio volatility.
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Pool 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.