Patrick Industries (Germany) Price on November 22, 2024
| PK2 Stock | EUR 94.00 0.50 0.53% |
If you're considering investing in Patrick Stock, it is important to understand the factors that can impact its price. As of today, the current price of Patrick Industries stands at 94.00, as last reported on the 6th of February, with the highest price reaching 94.00 and the lowest price hitting 90.50 during the day. Patrick Industries appears to be very steady, given 3 months investment horizon. Patrick Industries maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Patrick Industries, which you can use to evaluate the volatility of the company. Please evaluate Patrick Industries' Risk Adjusted Performance of 0.0783, semi deviation of 2.16, and Coefficient Of Variation of 1174.44 to confirm if our risk estimates are consistent with your expectations.
Patrick Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Patrick |
Sharpe Ratio = 0.1645
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Estimated Market Risk
| 2.13 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Patrick Industries is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Patrick Industries by adding it to a well-diversified portfolio.
Patrick Industries Valuation on November 22, 2024
It is possible to determine the worth of Patrick Industries on a given historical date. On November 22, 2024 Patrick was worth 84.07 at the beginning of the trading date compared to the closed value of 84.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Patrick Industries stock. Still, in general, we apply an absolute valuation method to find Patrick Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Patrick Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Patrick Industries' related companies.
| Open | High | Low | Close | Volume | |
| 81.42 | 81.42 | 81.42 | 81.42 | 1.00 | |
11/22/2024 | 84.07 | 84.07 | 84.07 | 84.07 | 1.00 |
| 86.00 | 86.00 | 86.00 | 86.00 | 1.00 |
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Patrick Industries Trading Date Momentum on November 22, 2024
| On November 25 2024 Patrick Industries was traded for 86.00 at the closing time. The highest daily price throughout the period was 86.00 and the lowest price was 86.00 . There was no trading activity during the period 1.0. Lack of trading volume on 11/25/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 2.30% . The trading delta at closing time to current closing price is 0.71% . |
Patrick Industries Fundamentals Correlations and Trends
By evaluating Patrick Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Patrick Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Patrick financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Patrick Industries Stock history
Patrick Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Patrick is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Patrick Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Patrick Industries stock prices may prove useful in developing a viable investing in Patrick Industries
Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. The company was founded in 1959 and is headquartered in Elkhart, Indiana. PATRICK IND operates under Recreational Vehicles classification in Germany and is traded on Frankfurt Stock Exchange. It employs 10000 people.
Patrick Industries Stock Technical Analysis
Patrick Industries 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.
Price Boundaries
Patrick Industries Period Price Range
Low | February 6, 2025
| High |
0.00 | 0.00 |
Patrick Industries cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Patrick Industries February 6, 2025 Market Strength
Market strength indicators help investors to evaluate how Patrick Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patrick Industries shares will generate the highest return on investment. By undertsting and applying Patrick Industries stock market strength indicators, traders can identify Patrick Industries entry and exit signals to maximize returns
Patrick Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Patrick Industries' price direction in advance. Along with the technical and fundamental analysis of Patrick Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Patrick to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | 0.2523 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0539 | |||
| Treynor Ratio | (0.45) |
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| Volume Indicators |
Complementary Tools for Patrick Stock analysis
When running Patrick Industries' price analysis, check to measure Patrick Industries' 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 Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.
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