Pennant Group Stock Market Value
| PNTG Stock | USD 27.46 0.24 0.88% |
| Symbol | Pennant |
Pennant Group Price To Book Ratio
Is Health Care Providers & Services 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 Pennant. If investors know Pennant 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 Pennant 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 0.365 | Earnings Share 0.68 | Revenue Per Share | Quarterly Revenue Growth 0.289 | Return On Assets |
The market value of Pennant Group is measured differently than its book value, which is the value of Pennant that is recorded on the company's balance sheet. Investors also form their own opinion of Pennant's value that differs from its market value or its book value, called intrinsic value, which is Pennant'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 Pennant's market value can be influenced by many factors that don't directly affect Pennant'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 Pennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pennant'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.
Pennant '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 Pennant'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 Pennant.
| 01/29/2023 |
| 01/18/2025 |
If you would invest 0.00 in Pennant on January 29, 2023 and sell it all today you would earn a total of 0.00 from holding Pennant Group or generate 0.0% return on investment in Pennant over 720 days. Pennant is related to or competes with Encompass Health, Acadia Healthcare, Select Medical, Addus HomeCare, Surgery Partners, Ensign, and Healthcare Services. The Pennant Group, Inc. provides healthcare services in the United States More
Pennant 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 Pennant'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 Pennant Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.76 |
Pennant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pennant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pennant's standard deviation. In reality, there are many statistical measures that can use Pennant historical prices to predict the future Pennant's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (3.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pennant'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.
Pennant Group Backtested Returns
Pennant Group maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Pennant Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pennant's Variance of 4.92, risk adjusted performance of (0.11), and Coefficient Of Variation of (732.73) to confirm the risk estimate we provide. The company holds a Beta of 0.079, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pennant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pennant is expected to be smaller as well. At this point, Pennant Group has a negative expected return of -0.27%. Please make sure to check Pennant's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Pennant Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Pennant Group has poor reverse predictability. Overlapping area represents the amount of predictability between Pennant time series from 29th of January 2023 to 24th of January 2024 and 24th of January 2024 to 18th 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 Pennant Group price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Pennant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 37.72 |
Pennant Group lagged returns against current returns
Autocorrelation, which is Pennant 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 Pennant's stock expected returns. We can calculate the autocorrelation of Pennant returns to help us make a trade decision. For example, suppose you find that Pennant 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 |
Pennant 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 Pennant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pennant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pennant stock over time.
Current vs Lagged Prices |
| Timeline |
Pennant Lagged Returns
When evaluating Pennant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pennant stock have on its future price. Pennant 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, Pennant autocorrelation shows the relationship between Pennant stock current value and its past values and can show if there is a momentum factor associated with investing in Pennant Group.
Regressed Prices |
| Timeline |
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Check out Pennant Correlation, Pennant Volatility and Pennant Alpha and Beta module to complement your research on Pennant. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Pennant 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.