Patterson-UTI Energy (Germany) Alpha and Beta Analysis
| PE1 Stock | EUR 8.00 0.05 0.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Patterson UTI Energy. It also helps investors analyze the systematic and unsystematic risks associated with investing in Patterson-UTI Energy over a specified time horizon. Remember, high Patterson-UTI Energy's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Patterson-UTI Energy's market risk premium analysis include:
Beta 0.96 | Alpha (0.14) | Risk 2.84 | Sharpe Ratio 0.0072 | Expected Return 0.0204 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Patterson-UTI |
Patterson-UTI Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Patterson-UTI Energy market risk premium is the additional return an investor will receive from holding Patterson-UTI Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Patterson-UTI Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Patterson-UTI Energy's performance over market.| α | -0.14 | β | 0.96 |
Patterson-UTI Energy expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Patterson-UTI Energy's Buy-and-hold return. Our buy-and-hold chart shows how Patterson-UTI Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Patterson-UTI Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Patterson-UTI Energy 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-UTI Energy shares will generate the highest return on investment. By understating and applying Patterson-UTI Energy stock market price indicators, traders can identify Patterson-UTI Energy position entry and exit signals to maximize returns.
Patterson-UTI Energy Return and Market Media
The median price of Patterson-UTI Energy for the period between Tue, Sep 3, 2024 and Mon, Dec 2, 2024 is 7.35 with a coefficient of variation of 5.26. The daily time series for the period is distributed with a sample standard deviation of 0.39, arithmetic mean of 7.41, and mean deviation of 0.32. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About Patterson-UTI Energy Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Patterson-UTI or other stocks. Alpha measures the amount that position in Patterson UTI Energy has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
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 Energy 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 Energy's short interest history, or implied volatility extrapolated from Patterson-UTI Energy options trading.
Build Portfolio with Patterson-UTI Energy
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Additional Information and Resources on Investing in Patterson-UTI Stock
When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson-UTI Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:Check out Patterson-UTI Energy Backtesting, Patterson-UTI Energy Valuation, Patterson-UTI Energy Correlation, Patterson-UTI Energy Hype Analysis, Patterson-UTI Energy Volatility, Patterson-UTI Energy History and analyze Patterson-UTI Energy Performance. For more detail on how to invest in Patterson-UTI Stock please use our How to Invest in Patterson-UTI Energy guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Patterson-UTI Energy 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.