Piedmont Office Realty Stock Market Value
| PDM Stock | USD 9.44 0.08 0.85% |
| Symbol | Piedmont |
Piedmont Office's Earnings Breakdown by Geography
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Piedmont Office. If investors know Piedmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Piedmont Office listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.70) | Dividend Share 0.5 | Earnings Share (0.63) | Revenue Per Share 4.621 | Quarterly Revenue Growth (0.05) |
The market value of Piedmont Office Realty is measured differently than its book value, which is the value of Piedmont that is recorded on the company's balance sheet. Investors also form their own opinion of Piedmont Office's value that differs from its market value or its book value, called intrinsic value, which is Piedmont Office's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Piedmont Office's market value can be influenced by many factors that don't directly affect Piedmont Office's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Piedmont Office's value and its price as these two are different measures arrived at by different means. Investors typically determine if Piedmont Office is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Piedmont Office's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Piedmont Office 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Piedmont Office's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Piedmont Office.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Piedmont Office on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Piedmont Office Realty or generate 0.0% return on investment in Piedmont Office over 30 days. Piedmont Office is related to or competes with Highwoods Properties, Douglas Emmett, Kilroy Realty, Cousins Properties, Brandywine Realty, City Office, and Hudson Pacific. is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily ... More
Piedmont Office Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Piedmont Office's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Piedmont Office Realty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.49 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.08 |
Piedmont Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piedmont Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piedmont Office's standard deviation. In reality, there are many statistical measures that can use Piedmont Office historical prices to predict the future Piedmont Office's volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.081 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Piedmont Office's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Piedmont Office Realty Backtested Returns
Piedmont Office Realty maintains Sharpe Ratio (i.e., Efficiency) of -0.0136, which implies the firm had a -0.0136% return per unit of risk over the last 3 months. Piedmont Office Realty exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Piedmont Office's Semi Deviation of 1.55, coefficient of variation of 1926.51, and Risk Adjusted Performance of 0.0452 to confirm the risk estimate we provide. The company holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Piedmont Office returns are very sensitive to returns on the market. As the market goes up or down, Piedmont Office is expected to follow. At this point, Piedmont Office Realty has a negative expected return of -0.0219%. Please make sure to check Piedmont Office's potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Piedmont Office Realty performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Piedmont Office Realty has very weak reverse predictability. Overlapping area represents the amount of predictability between Piedmont Office time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Piedmont Office Realty price movement. The serial correlation of -0.03 indicates that only 3.0% of current Piedmont Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Piedmont Office Realty lagged returns against current returns
Autocorrelation, which is Piedmont Office stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Piedmont Office's stock expected returns. We can calculate the autocorrelation of Piedmont Office returns to help us make a trade decision. For example, suppose you find that Piedmont Office has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Piedmont Office regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Piedmont Office stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piedmont Office stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piedmont Office stock over time.
Current vs Lagged Prices |
| Timeline |
Piedmont Office Lagged Returns
When evaluating Piedmont Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piedmont Office stock have on its future price. Piedmont Office autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Piedmont Office autocorrelation shows the relationship between Piedmont Office stock current value and its past values and can show if there is a momentum factor associated with investing in Piedmont Office Realty.
Regressed Prices |
| Timeline |
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Piedmont Office 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.