Patterson Companies Stock Forecast - Relative Strength Index
| PDCODelisted Stock | USD 31.33 0.00 0.00% |
Patterson Stock Forecast is based on your current time horizon.
Patterson |
| Check Patterson Companies Volatility | Backtest Patterson Companies | Information Ratio |
Patterson Companies Trading Date Momentum
| On May 08 2025 Patterson Companies was traded for 31.33 at the closing time. The top price for the day was 31.34 and the lowest listed price was 31.32 . There was no trading activity during the period 0.0. Lack of trading volume on May 8, 2025 did not cause price change. The trading delta at closing time against the current closing price is 0.00% . |
Patterson Companies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Patterson Companies stock to make a market-neutral strategy. Peer analysis of Patterson Companies could also be used in its relative valuation, which is a method of valuing Patterson Companies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Patterson Companies Market Strength Events
Market strength indicators help investors to evaluate how Patterson Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patterson Companies shares will generate the highest return on investment. By undertsting and applying Patterson Companies stock market strength indicators, traders can identify Patterson Companies entry and exit signals to maximize returns.
| Accumulation Distribution | 6.0E-4 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 31.33 | |||
| Day Typical Price | 31.33 | |||
| Market Facilitation Index | 0.02 |
Patterson Companies Risk Indicators
The analysis of Patterson Companies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Patterson Companies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting patterson stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.1305 | |||
| Semi Deviation | 0.1811 | |||
| Standard Deviation | 0.2692 | |||
| Variance | 0.0725 | |||
| Downside Variance | 0.0815 | |||
| Semi Variance | 0.0328 | |||
| Expected Short fall | (0.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Patterson Companies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson Companies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson Companies will appreciate offsetting losses from the drop in the long position's value.Moving together with Patterson Stock
Moving against Patterson Stock
| 0.78 | COSM | Cosmos Health | PairCorr |
| 0.76 | A | Agilent Technologies Earnings Call This Week | PairCorr |
| 0.74 | HSIC | Henry Schein | PairCorr |
| 0.73 | ZYXI | Zynex Inc | PairCorr |
| 0.72 | MDAI | Spectral AI | PairCorr |
The ability to find closely correlated positions to Patterson Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson Companies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson Companies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson Companies to buy it.
The correlation of Patterson Companies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson Companies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Patterson Companies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Other Consideration for investing in Patterson Stock
If you are still planning to invest in Patterson Companies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Patterson Companies' history and understand the potential risks before investing.
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