Patriot National Bancorp Stock Market Value
| PNBK Stock | USD 2.25 0.45 25.00% |
| Symbol | Patriot |
Patriot National Bancorp Price To Book Ratio
Is Regional Banks 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 Patriot National. If investors know Patriot 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 Patriot National 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 (0.48) | Earnings Share (7.40) | Revenue Per Share 6.099 | Quarterly Revenue Growth (0.45) | Return On Assets (0.01) |
The market value of Patriot National Bancorp is measured differently than its book value, which is the value of Patriot that is recorded on the company's balance sheet. Investors also form their own opinion of Patriot National's value that differs from its market value or its book value, called intrinsic value, which is Patriot National'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 Patriot National's market value can be influenced by many factors that don't directly affect Patriot National'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 Patriot National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patriot National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patriot National'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.
Patriot National '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 Patriot National'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 Patriot National.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Patriot National on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Patriot National Bancorp or generate 0.0% return on investment in Patriot National over 30 days. Patriot National is related to or competes with Citizens Bancorp, First Keystone, Greenville Federal, Oak Ridge, Main Street, First Business, and Old Point. Patriot National Bancorp, Inc. operates as the holding company for Patriot Bank, N.A More
Patriot National 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 Patriot National'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 Patriot National Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.23 | |||
| Information Ratio | 0.0764 | |||
| Maximum Drawdown | 36.09 | |||
| Value At Risk | (8.19) | |||
| Potential Upside | 10.83 |
Patriot National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patriot National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patriot National's standard deviation. In reality, there are many statistical measures that can use Patriot National historical prices to predict the future Patriot National's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | 0.3967 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | 0.3173 |
Patriot National Bancorp Backtested Returns
Patriot National appears to be extremely dangerous, given 3 months investment horizon. Patriot National Bancorp maintains Sharpe Ratio (i.e., Efficiency) of 0.0898, which implies the firm had a 0.0898% return per unit of risk over the last 3 months. By analyzing Patriot National's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Patriot National's Coefficient Of Variation of 1041.08, semi deviation of 4.81, and Risk Adjusted Performance of 0.0823 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Patriot National holds a performance score of 7. The company holds a Beta of 2.09, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Patriot National will likely underperform. Please check Patriot National's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Patriot National's historical price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Patriot National Bancorp has below average predictability. Overlapping area represents the amount of predictability between Patriot National time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Patriot National Bancorp price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Patriot National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Patriot National Bancorp lagged returns against current returns
Autocorrelation, which is Patriot National 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 Patriot National's stock expected returns. We can calculate the autocorrelation of Patriot National returns to help us make a trade decision. For example, suppose you find that Patriot National 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 |
Patriot National 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 Patriot National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patriot National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patriot National stock over time.
Current vs Lagged Prices |
| Timeline |
Patriot National Lagged Returns
When evaluating Patriot National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patriot National stock have on its future price. Patriot National 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, Patriot National autocorrelation shows the relationship between Patriot National stock current value and its past values and can show if there is a momentum factor associated with investing in Patriot National Bancorp.
Regressed Prices |
| Timeline |
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Patriot National 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.