Patrick Industries Gets RS Rating Upgrade - Investors Business Daily
PK2 Stock | EUR 93.00 5.00 5.68% |
Roughly 55% of Patrick Industries' stockholders are presently thinking to get in. The analysis of current outlook of investing in Patrick Industries suggests that some traders are interested regarding Patrick Industries' prospects. The current market sentiment, together with Patrick Industries' historical and current headlines, can help investors time the market. In addition, many technical investors use Patrick Industries stock news signals to limit their universe of possible portfolio assets.
Patrick Industries stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Patrick daily returns and investor perception about the current price of Patrick Industries as well as its diversification or hedging effects on your existing portfolios.
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Patrick Industries Gets RS Rating Upgrade Investors Business Daily
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Patrick Industries Fundamental Analysis
We analyze Patrick Industries' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Patrick Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Patrick Industries 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.
Debt To Equity
Debt To Equity Comparative Analysis
Patrick Industries is regarded fifth in debt to equity category among its peers. Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Patrick Industries Potential Pair-trading
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 Patrick Industries stock to make a market-neutral strategy. Peer analysis of Patrick Industries could also be used in its relative valuation, which is a method of valuing Patrick Industries by comparing valuation metrics with similar companies.
Peers
Patrick Industries Related Equities
PK2 | Patrick Industries | 5.68 | ||||
FF0 | Fox Factory | 1.73 | ||||
TIV | Thor Industries | 2.01 | ||||
HAR | Harley Davidson | 2.43 | ||||
0DI | LCI Industries | 3.43 |
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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