Pilgrims Pride Corp Stock Market Value
| PPC Stock | USD 35.55 0.27 0.77% |
| Symbol | Pilgrims |
Pilgrims Pride Corp Price To Book Ratio
Is Pilgrims Pride'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 Pilgrims Pride. If investors know Pilgrims 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 Pilgrims Pride 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 (0.53) | Earnings Share 1.36 | Revenue Per Share 73.343 | Quarterly Revenue Growth 0.097 | Return On Assets 0.0397 |
The market value of Pilgrims Pride Corp is measured differently than its book value, which is the value of Pilgrims that is recorded on the company's balance sheet. Investors also form their own opinion of Pilgrims Pride's value that differs from its market value or its book value, called intrinsic value, which is Pilgrims Pride'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 Pilgrims Pride's market value can be influenced by many factors that don't directly affect Pilgrims Pride'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 Pilgrims Pride's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pilgrims Pride is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pilgrims Pride'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.
Pilgrims Pride '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 Pilgrims Pride'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 Pilgrims Pride.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Pilgrims Pride on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Pilgrims Pride Corp or generate 0.0% return on investment in Pilgrims Pride over 30 days. Pilgrims Pride is related to or competes with Greenlane Holdings, 22nd Century, Pyxus International, and Japan Tobacco. Pilgrims Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-... More
Pilgrims Pride 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 Pilgrims Pride'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 Pilgrims Pride Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.1971 | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.37 |
Pilgrims Pride Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pilgrims Pride's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pilgrims Pride's standard deviation. In reality, there are many statistical measures that can use Pilgrims Pride historical prices to predict the future Pilgrims Pride's volatility.| Risk Adjusted Performance | 0.1564 | |||
| Jensen Alpha | 0.3415 | |||
| Total Risk Alpha | 0.2095 | |||
| Sortino Ratio | 0.2677 | |||
| Treynor Ratio | 2.6 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pilgrims Pride'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.
Pilgrims Pride Corp Backtested Returns
Pilgrims Pride appears to be very steady, given 3 months investment horizon. Pilgrims Pride Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pilgrims Pride Corp, which you can use to evaluate the volatility of the company. Please evaluate Pilgrims Pride's Semi Deviation of 0.6884, coefficient of variation of 410.46, and Risk Adjusted Performance of 0.1564 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pilgrims Pride holds a performance score of 20. The company holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pilgrims Pride's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pilgrims Pride is expected to be smaller as well. Please check Pilgrims Pride's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Pilgrims Pride's historical price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Pilgrims Pride Corp has good predictability. Overlapping area represents the amount of predictability between Pilgrims Pride time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Pilgrims Pride Corp price movement. The serial correlation of 0.7 indicates that around 70.0% of current Pilgrims Pride price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Pilgrims Pride Corp lagged returns against current returns
Autocorrelation, which is Pilgrims Pride 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 Pilgrims Pride's stock expected returns. We can calculate the autocorrelation of Pilgrims Pride returns to help us make a trade decision. For example, suppose you find that Pilgrims Pride 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 |
Pilgrims Pride 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 Pilgrims Pride stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pilgrims Pride stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pilgrims Pride stock over time.
Current vs Lagged Prices |
| Timeline |
Pilgrims Pride Lagged Returns
When evaluating Pilgrims Pride's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pilgrims Pride stock have on its future price. Pilgrims Pride 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, Pilgrims Pride autocorrelation shows the relationship between Pilgrims Pride stock current value and its past values and can show if there is a momentum factor associated with investing in Pilgrims Pride Corp.
Regressed Prices |
| Timeline |
Pilgrims Pride Investors Sentiment
The influence of Pilgrims Pride'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 Pilgrims. 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 Pilgrims Pride's public news can be used to forecast risks associated with an investment in Pilgrims. The trend in average sentiment can be used to explain how an investor holding Pilgrims can time the market purely based on public headlines and social activities around Pilgrims Pride Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Pilgrims Pride'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 Pilgrims Pride'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 Pilgrims Pride's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Pilgrims Pride.
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 Pilgrims Pride 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, Pilgrims Pride's short interest history, or implied volatility extrapolated from Pilgrims Pride options trading.
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Check out Pilgrims Pride Correlation, Pilgrims Pride Volatility and Pilgrims Pride Alpha and Beta module to complement your research on Pilgrims Pride. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Pilgrims Stock analysis
When running Pilgrims Pride's price analysis, check to measure Pilgrims Pride'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 Pilgrims Pride is operating at the current time. Most of Pilgrims Pride's value examination focuses on studying past and present price action to predict the probability of Pilgrims Pride's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pilgrims Pride's price. Additionally, you may evaluate how the addition of Pilgrims Pride to your portfolios can decrease your overall portfolio volatility.
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Pilgrims Pride 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.