Paccar Inc Stock Beta

PCAR Stock

USD 114.75 0.70 0.61%

PACCAR Inc fundamentals help investors to digest information that contributes to PACCAR's financial success or failures. It also enables traders to predict the movement of PACCAR Stock. The fundamental analysis module provides a way to measure PACCAR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to PACCAR stock.

Short Long Term Debt Total Total Assets

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PACCAR Inc Company Beta Analysis

PACCAR's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current PACCAR Beta

0.89

Most of PACCAR's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, PACCAR Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

PACCAR Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for PACCAR is extremely important. It helps to project a fair market value of PACCAR Stock properly, considering its historical fundamentals such as Beta. Since PACCAR's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of PACCAR's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of PACCAR's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.62	0.99	0.94	0.99	0.82	0.8	-0.03	0.65	0.73	0.83	0.65	0.05	0.78	0.71	0.72	0.12	-0.59	0.82	0.19	0.67
Total Stockholder Equity	0.99		0.63	1.0	0.96	0.96	0.85	0.78	-0.17	0.63	0.69	0.83	0.68	0.09	0.82	0.7	0.78	0.12	-0.59	0.88	0.16	0.73
Net Debt	0.62	0.63		0.68	0.49	0.6	0.35	0.46	0.09	0.54	0.43	0.81	0.46	0.2	0.64	0.81	0.46	0.52	-0.78	0.48	-0.05	0.37
Retained Earnings	0.99	1.0	0.68		0.94	0.97	0.82	0.78	-0.13	0.64	0.69	0.86	0.69	0.07	0.83	0.73	0.75	0.15	-0.65	0.86	0.14	0.7
Net Receivables	0.94	0.96	0.49	0.94		0.92	0.9	0.78	-0.17	0.44	0.58	0.73	0.54	0.13	0.66	0.51	0.82	0.02	-0.48	0.8	0.13	0.73
Total Liab	0.99	0.96	0.6	0.97	0.92		0.79	0.81	0.06	0.65	0.76	0.81	0.63	0.02	0.74	0.71	0.66	0.11	-0.58	0.76	0.21	0.62
Total Current Assets	0.82	0.85	0.35	0.82	0.9	0.79		0.73	-0.32	0.34	0.44	0.64	0.37	0.1	0.6	0.4	0.81	0.05	-0.3	0.83	0.45	0.74
Short Term Debt	0.8	0.78	0.46	0.78	0.78	0.81	0.73		0.03	0.39	0.59	0.44	0.42	-0.15	0.55	0.31	0.46	-0.31	-0.42	0.66	0.3	0.52
Accounts Payable	-0.03	-0.17	0.09	-0.13	-0.17	0.06	-0.32	0.03		-0.04	0.16	-0.03	-0.23	-0.11	-0.28	0.1	-0.42	0.08	-0.08	-0.45	0.02	-0.42
Short Term Investments	0.65	0.63	0.54	0.64	0.44	0.65	0.34	0.39	-0.04		0.83	0.6	0.73	0.14	0.77	0.75	0.47	0.19	-0.35	0.57	0.04	0.5
Common Stock	0.73	0.69	0.43	0.69	0.58	0.76	0.44	0.59	0.16	0.83		0.51	0.54	0.24	0.7	0.62	0.47	-0.06	-0.32	0.59	0.1	0.64
Long Term Debt	0.83	0.83	0.81	0.86	0.73	0.81	0.64	0.44	-0.03	0.6	0.51		0.58	0.15	0.74	0.92	0.67	0.64	-0.71	0.68	0.14	0.52
Property Plant Equipment	0.65	0.68	0.46	0.69	0.54	0.63	0.37	0.42	-0.23	0.73	0.54	0.58		-0.19	0.78	0.63	0.46	0.03	-0.5	0.63	-0.24	0.35
Current Deferred Revenue	0.05	0.09	0.2	0.07	0.13	0.02	0.1	-0.15	-0.11	0.14	0.24	0.15	-0.19		0.13	0.11	0.41	0.19	-0.01	0.12	-0.17	0.53
Net Tangible Assets	0.78	0.82	0.64	0.83	0.66	0.74	0.6	0.55	-0.28	0.77	0.7	0.74	0.78	0.13		0.79	0.64	0.18	-0.56	0.91	0.12	0.75
Long Term Debt Total	0.71	0.7	0.81	0.73	0.51	0.71	0.4	0.31	0.1	0.75	0.62	0.92	0.63	0.11	0.79		0.49	0.65	-0.68	0.59	0.11	0.42
Capital Surpluse	0.72	0.78	0.46	0.75	0.82	0.66	0.81	0.46	-0.42	0.47	0.47	0.67	0.46	0.41	0.64	0.49		0.21	-0.26	0.76	0.07	0.81
Deferred Long Term Liab	0.12	0.12	0.52	0.15	0.02	0.11	0.05	-0.31	0.08	0.19	-0.06	0.64	0.03	0.19	0.18	0.65	0.21		-0.34	0.06	0.13	-0.01
Short Long Term Debt	-0.59	-0.59	-0.78	-0.65	-0.48	-0.58	-0.3	-0.42	-0.08	-0.35	-0.32	-0.71	-0.5	-0.01	-0.56	-0.68	-0.26	-0.34		-0.41	0.11	-0.24
Net Invested Capital	0.82	0.88	0.48	0.86	0.8	0.76	0.83	0.66	-0.45	0.57	0.59	0.68	0.63	0.12	0.91	0.59	0.76	0.06	-0.41		0.29	0.86
Net Working Capital	0.19	0.16	-0.05	0.14	0.13	0.21	0.45	0.3	0.02	0.04	0.1	0.14	-0.24	-0.17	0.12	0.11	0.07	0.13	0.11	0.29		0.18
Capital Stock	0.67	0.73	0.37	0.7	0.73	0.62	0.74	0.52	-0.42	0.5	0.64	0.52	0.35	0.53	0.75	0.42	0.81	-0.01	-0.24	0.86	0.18

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict PACCAR

In accordance with the recently published financial statements, PACCAR Inc has a Beta of 0.89. This is 35.04% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

PACCAR Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PACCAR's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of PACCAR could also be used in its relative valuation, which is a method of valuing PACCAR by comparing valuation metrics of similar companies.

PACCAR is currently under evaluation in beta category among its peers.

PACCAR ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, PACCAR's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to PACCAR's managers, analysts, and investors.

Environmental

Governance

Social

PACCAR Institutional Holders

Institutional Holdings refers to the ownership stake in PACCAR that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of PACCAR's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing PACCAR's value.

		Shares
Dimensional Fund Advisors, Inc.	2024-09-30	5.7 M
Norges Bank	2024-06-30	5.7 M
Fisher Asset Management, Llc	2024-09-30	5.2 M
Amvescap Plc.	2024-06-30	4.5 M
Legal & General Group Plc	2024-06-30	4.3 M
First Trust Advisors L.p.	2024-06-30	4.2 M
Alliancebernstein L.p.	2024-06-30	4 M
Goldman Sachs Group Inc	2024-06-30	3.8 M
U.s. Bancorp	2024-06-30	3.6 M
Vanguard Group Inc	2024-09-30	62.1 M
Blackrock Inc	2024-06-30	35.9 M

PACCAR returns are very sensitive to returns on the market. As the market goes up or down, PACCAR is expected to follow.

PACCAR Fundamentals

	Return On Equity	0.27
	Return On Asset	0.0846
	Profit Margin	0.14 %
	Operating Margin	0.14 %
	Current Valuation	66.32 B
	Shares Outstanding	524.3 M
	Shares Owned By Insiders	1.86 %
	Shares Owned By Institutions	72.18 %
	Number Of Shares Shorted	13.54 M
	Price To Earning	14.12 X
	Price To Book	3.22 X
	Price To Sales	1.73 X
	Revenue	35.13 B
	Gross Profit	4.61 B
	EBITDA	5.41 B
	Net Income	4.6 B
	Cash And Equivalents	4.76 B
	Cash Per Share	13.70 X
	Total Debt	14.38 B
	Debt To Equity	0.81 %
	Current Ratio	4.31 X
	Book Value Per Share	35.60 X
	Cash Flow From Operations	4.19 B
	Short Ratio	5.06 X
	Earnings Per Share	8.94 X
	Price To Earnings To Growth	1.18 X
	Target Price	114.16
	Number Of Employees	32.4 K
	Beta	0.89
	Market Capitalization	60.16 B
	Total Asset	40.82 B
	Retained Earnings	15.78 B
	Working Capital	19.22 B
	Current Asset	5.39 B
	Current Liabilities	2.92 B
	Annual Yield	0.01 %
	Five Year Return	1.60 %
	Net Asset	40.82 B
	Last Dividend Paid	1.14

About PACCAR Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze PACCAR Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PACCAR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PACCAR Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with PACCAR

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 PACCAR 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 PACCAR will appreciate offsetting losses from the drop in the long position's value.

Moving against PACCAR Stock

0.84	NKLA	Nikola Corp	Pair Corr
0.82	LEV	Lion Electric Corp	Pair Corr
0.72	TWI	Titan International	Pair Corr
0.72	ARTW	Arts Way Manufacturing	Pair Corr
0.39	CEAD	CEA Industries	Pair Corr

The ability to find closely correlated positions to PACCAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PACCAR 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 PACCAR - 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 PACCAR Inc to buy it.

The correlation of PACCAR 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 PACCAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PACCAR Inc 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 PACCAR 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.

Pair Correlation Correlation Matching

Additional Tools for PACCAR Stock Analysis

When running PACCAR's price analysis, check to measure PACCAR'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 PACCAR is operating at the current time. Most of PACCAR's value examination focuses on studying past and present price action to predict the probability of PACCAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PACCAR's price. Additionally, you may evaluate how the addition of PACCAR to your portfolios can decrease your overall portfolio volatility.

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