Pennymac Mortgage Investment Stock Market Value
| PMT Stock | USD 13.43 0.09 0.67% |
| Symbol | PennyMac |
PennyMac Mortgage Price To Book Ratio
Is Mortgage Real Estate Investment Trusts (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 PennyMac Mortgage. If investors know PennyMac 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 PennyMac Mortgage 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 (0.31) | Dividend Share 1.6 | Earnings Share 1.38 | Revenue Per Share 9.302 | Quarterly Revenue Growth 105.185 |
The market value of PennyMac Mortgage is measured differently than its book value, which is the value of PennyMac that is recorded on the company's balance sheet. Investors also form their own opinion of PennyMac Mortgage's value that differs from its market value or its book value, called intrinsic value, which is PennyMac Mortgage'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 PennyMac Mortgage's market value can be influenced by many factors that don't directly affect PennyMac Mortgage'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 PennyMac Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if PennyMac Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PennyMac Mortgage'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.
PennyMac Mortgage '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 PennyMac Mortgage'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 PennyMac Mortgage.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in PennyMac Mortgage on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding PennyMac Mortgage Investment or generate 0.0% return on investment in PennyMac Mortgage over 720 days. PennyMac Mortgage is related to or competes with Blackstone Mortgage, Omega Healthcare, and Medical Properties. PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the Uni... More
PennyMac Mortgage 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 PennyMac Mortgage'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 PennyMac Mortgage Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9787 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.44 |
PennyMac Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PennyMac Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PennyMac Mortgage's standard deviation. In reality, there are many statistical measures that can use PennyMac Mortgage historical prices to predict the future PennyMac Mortgage's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0086 |
PennyMac Mortgage Backtested Returns
PennyMac Mortgage maintains Sharpe Ratio (i.e., Efficiency) of -0.0194, which implies the firm had a -0.0194% return per unit of risk over the last 3 months. PennyMac Mortgage exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PennyMac Mortgage's Semi Deviation of 0.9381, risk adjusted performance of 0.0146, and Coefficient Of Variation of 5898.07 to confirm the risk estimate we provide. The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PennyMac Mortgage's returns are expected to increase less than the market. However, during the bear market, the loss of holding PennyMac Mortgage is expected to be smaller as well. At this point, PennyMac Mortgage has a negative expected return of -0.017%. Please make sure to check PennyMac Mortgage's value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if PennyMac Mortgage performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
PennyMac Mortgage Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between PennyMac Mortgage time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 PennyMac Mortgage price movement. The serial correlation of -0.03 indicates that only 3.0% of current PennyMac Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
PennyMac Mortgage lagged returns against current returns
Autocorrelation, which is PennyMac Mortgage 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 PennyMac Mortgage's stock expected returns. We can calculate the autocorrelation of PennyMac Mortgage returns to help us make a trade decision. For example, suppose you find that PennyMac Mortgage 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 |
PennyMac Mortgage 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 PennyMac Mortgage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PennyMac Mortgage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PennyMac Mortgage stock over time.
Current vs Lagged Prices |
| Timeline |
PennyMac Mortgage Lagged Returns
When evaluating PennyMac Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PennyMac Mortgage stock have on its future price. PennyMac Mortgage 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, PennyMac Mortgage autocorrelation shows the relationship between PennyMac Mortgage stock current value and its past values and can show if there is a momentum factor associated with investing in PennyMac Mortgage Investment.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PennyMac Stock Analysis
When running PennyMac Mortgage's price analysis, check to measure PennyMac Mortgage'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 PennyMac Mortgage is operating at the current time. Most of PennyMac Mortgage's value examination focuses on studying past and present price action to predict the probability of PennyMac Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennyMac Mortgage's price. Additionally, you may evaluate how the addition of PennyMac Mortgage to your portfolios can decrease your overall portfolio volatility.