Penumbra Stock Market Value
| PEN Stock | USD 269.00 0.73 0.27% |
| Symbol | Penumbra |
Penumbra Price To Book Ratio
Is Health Care Equipment & Supplies 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 Penumbra. If investors know Penumbra 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 Penumbra 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 2.261 | Earnings Share 0.86 | Revenue Per Share | Quarterly Revenue Growth 0.111 | Return On Assets |
The market value of Penumbra is measured differently than its book value, which is the value of Penumbra that is recorded on the company's balance sheet. Investors also form their own opinion of Penumbra's value that differs from its market value or its book value, called intrinsic value, which is Penumbra'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 Penumbra's market value can be influenced by many factors that don't directly affect Penumbra'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 Penumbra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penumbra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penumbra'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.
Penumbra '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 Penumbra'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 Penumbra.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Penumbra on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Penumbra or generate 0.0% return on investment in Penumbra over 30 days. Penumbra is related to or competes with Insulet, TransMedics, Masimo, Inspire Medical, Inari Medical, InMode, and Tandem Diabetes. Penumbra, Inc. designs, develops, manufactures, and markets medical devices in the United States and internationally More
Penumbra 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 Penumbra'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 Penumbra upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1804 | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.51 |
Penumbra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penumbra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penumbra's standard deviation. In reality, there are many statistical measures that can use Penumbra historical prices to predict the future Penumbra's volatility.| Risk Adjusted Performance | 0.1928 | |||
| Jensen Alpha | 0.4138 | |||
| Total Risk Alpha | 0.2571 | |||
| Sortino Ratio | 0.2341 | |||
| Treynor Ratio | 1.5 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Penumbra'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.
Penumbra Backtested Returns
Penumbra appears to be very steady, given 3 months investment horizon. Penumbra maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Penumbra, which you can use to evaluate the volatility of the company. Please evaluate Penumbra's Risk Adjusted Performance of 0.1928, coefficient of variation of 448.7, and Semi Deviation of 1.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Penumbra holds a performance score of 11. The company holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Penumbra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Penumbra is expected to be smaller as well. Please check Penumbra's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Penumbra's historical price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Penumbra has good predictability. Overlapping area represents the amount of predictability between Penumbra time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Penumbra price movement. The serial correlation of 0.69 indicates that around 69.0% of current Penumbra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 23.8 |
Penumbra lagged returns against current returns
Autocorrelation, which is Penumbra 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 Penumbra's stock expected returns. We can calculate the autocorrelation of Penumbra returns to help us make a trade decision. For example, suppose you find that Penumbra 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 |
Penumbra 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 Penumbra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penumbra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penumbra stock over time.
Current vs Lagged Prices |
| Timeline |
Penumbra Lagged Returns
When evaluating Penumbra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penumbra stock have on its future price. Penumbra 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, Penumbra autocorrelation shows the relationship between Penumbra stock current value and its past values and can show if there is a momentum factor associated with investing in Penumbra.
Regressed Prices |
| Timeline |
When determining whether Penumbra offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penumbra'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 Penumbra Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penumbra Stock:
Check out Penumbra Correlation, Penumbra Volatility and Penumbra Alpha and Beta module to complement your research on Penumbra. To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Penumbra 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.