Patterson Uti Energy Stock Market Value
| PTEN Stock | USD 11.53 0.07 0.60% |
| Symbol | Patterson |
Patterson UTI Energy Price To Book Ratio
Is Patterson UTI'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 Patterson UTI. If investors know Patterson 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 Patterson UTI 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 (0.68) | Dividend Share 0.32 | Earnings Share 0.88 | Revenue Per Share 14.835 | Quarterly Revenue Growth 1.009 |
The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI'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 Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI'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 Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI'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.
Patterson UTI '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 Patterson UTI'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 Patterson UTI.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Patterson UTI on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Patterson UTI Energy or generate 0.0% return on investment in Patterson UTI over 90 days. Patterson UTI is related to or competes with Nabors Industries, Precision Drilling, Diamond Offshore, Noble Plc, Helmerich, Seadrill, and Borr Drilling. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas... More
Patterson UTI 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 Patterson UTI'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 Patterson UTI Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0593 | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.86 |
Patterson UTI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson UTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patterson UTI's standard deviation. In reality, there are many statistical measures that can use Patterson UTI historical prices to predict the future Patterson UTI's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | 0.0986 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0831 | |||
| Treynor Ratio | 0.1438 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patterson UTI'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.
Patterson UTI Energy Backtested Returns
We consider Patterson UTI not too volatile. Patterson UTI Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0569, which implies the firm had a 0.0569% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Patterson UTI Energy, which you can use to evaluate the volatility of the company. Please check Patterson UTI's Semi Deviation of 1.76, coefficient of variation of 1048.95, and Risk Adjusted Performance of 0.0671 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Patterson UTI has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 1.69, 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, Patterson UTI will likely underperform. Patterson UTI Energy right now holds a risk of 2.7%. Please check Patterson UTI Energy downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Patterson UTI Energy will be following its historical price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Patterson UTI Energy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Patterson UTI time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Patterson UTI Energy price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Patterson UTI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Patterson UTI Energy lagged returns against current returns
Autocorrelation, which is Patterson UTI 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 Patterson UTI's stock expected returns. We can calculate the autocorrelation of Patterson UTI returns to help us make a trade decision. For example, suppose you find that Patterson UTI 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 |
Patterson UTI 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 Patterson UTI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patterson UTI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patterson UTI stock over time.
Current vs Lagged Prices |
| Timeline |
Patterson UTI Lagged Returns
When evaluating Patterson UTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patterson UTI stock have on its future price. Patterson UTI 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, Patterson UTI autocorrelation shows the relationship between Patterson UTI stock current value and its past values and can show if there is a momentum factor associated with investing in Patterson UTI Energy.
Regressed Prices |
| Timeline |
Patterson UTI Investors Sentiment
The influence of Patterson UTI's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Patterson. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Patterson UTI's public news can be used to forecast risks associated with an investment in Patterson. The trend in average sentiment can be used to explain how an investor holding Patterson can time the market purely based on public headlines and social activities around Patterson UTI Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Patterson UTI's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Patterson UTI's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Patterson UTI's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Patterson UTI.
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 Patterson UTI 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, Patterson UTI's short interest history, or implied volatility extrapolated from Patterson UTI options trading.
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Check out Patterson UTI Correlation, Patterson UTI Volatility and Patterson UTI Alpha and Beta module to complement your research on Patterson UTI. Note that the Patterson UTI Energy information on this page should be used as a complementary analysis to other Patterson UTI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Patterson Stock analysis
When running Patterson UTI's price analysis, check to measure Patterson UTI'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 Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.
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Patterson UTI 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.