PERRIGO (Germany) Market Value
| PGO Stock | 0.72 0.13 22.03% |
| Symbol | PERRIGO |
Please note, there is a significant difference between PERRIGO's value and its price as these two are different measures arrived at by different means. Investors typically determine if PERRIGO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PERRIGO'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.
PERRIGO '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 PERRIGO'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 PERRIGO.
| 11/14/2024 |
| 12/14/2024 |
PERRIGO 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 PERRIGO'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 PERRIGO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 53.33 | |||
| Value At Risk | (10.42) | |||
| Potential Upside | 20.0 |
PERRIGO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PERRIGO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PERRIGO's standard deviation. In reality, there are many statistical measures that can use PERRIGO historical prices to predict the future PERRIGO's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | 0.2318 |
PERRIGO Backtested Returns
PERRIGO maintains Sharpe Ratio (i.e., Efficiency) of -0.0612, which implies the firm had a -0.0612% return per unit of standard deviation over the last 3 months. PERRIGO exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PERRIGO's Market Risk Adjusted Performance of 0.2418, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,035) to confirm the risk estimate we provide. The company holds a Beta of -0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PERRIGO are expected to decrease at a much lower rate. During the bear market, PERRIGO is likely to outperform the market. At this point, PERRIGO has a negative expected return of -0.48%. Please make sure to check PERRIGO's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if PERRIGO performance from the past will be repeated at future time.
Auto-correlation | -0.88 |
Excellent reverse predictability
PERRIGO has excellent reverse predictability. Overlapping area represents the amount of predictability between PERRIGO time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 PERRIGO price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current PERRIGO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PERRIGO lagged returns against current returns
Autocorrelation, which is PERRIGO 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 PERRIGO's stock expected returns. We can calculate the autocorrelation of PERRIGO returns to help us make a trade decision. For example, suppose you find that PERRIGO 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 |
PERRIGO 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 PERRIGO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PERRIGO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PERRIGO stock over time.
Current vs Lagged Prices |
| Timeline |
PERRIGO Lagged Returns
When evaluating PERRIGO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PERRIGO stock have on its future price. PERRIGO 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, PERRIGO autocorrelation shows the relationship between PERRIGO stock current value and its past values and can show if there is a momentum factor associated with investing in PERRIGO.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PERRIGO Stock
PERRIGO financial ratios help investors to determine whether PERRIGO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PERRIGO with respect to the benefits of owning PERRIGO security.