Perma Pipe International Holdings Stock Market Value
| PPIH Stock | USD 15.40 0.37 2.35% |
| Symbol | Perma |
Perma Pipe Internati Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Perma Pipe. If investors know Perma 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 Perma Pipe 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 2.142 | Earnings Share 1.9 | Revenue Per Share 19.878 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0821 |
The market value of Perma Pipe Internati is measured differently than its book value, which is the value of Perma that is recorded on the company's balance sheet. Investors also form their own opinion of Perma Pipe's value that differs from its market value or its book value, called intrinsic value, which is Perma Pipe'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 Perma Pipe's market value can be influenced by many factors that don't directly affect Perma Pipe'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 Perma Pipe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perma Pipe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perma Pipe'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.
Perma Pipe '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 Perma Pipe'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 Perma Pipe.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Perma Pipe on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Perma Pipe International Holdings or generate 0.0% return on investment in Perma Pipe over 30 days. Perma Pipe is related to or competes with Gibraltar Industries, Quanex Building, Jeld Wen, Interface, Apogee Enterprises, Azek, and Beacon Roofing. Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells spe... More
Perma Pipe 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 Perma Pipe'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 Perma Pipe International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.1884 | |||
| Maximum Drawdown | 35.55 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 9.82 |
Perma Pipe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perma Pipe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perma Pipe's standard deviation. In reality, there are many statistical measures that can use Perma Pipe historical prices to predict the future Perma Pipe's volatility.| Risk Adjusted Performance | 0.1644 | |||
| Jensen Alpha | 0.89 | |||
| Total Risk Alpha | 0.474 | |||
| Sortino Ratio | 0.3307 | |||
| Treynor Ratio | 0.53 |
Perma Pipe Internati Backtested Returns
Perma Pipe appears to be not too volatile, given 3 months investment horizon. Perma Pipe Internati 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. By analyzing Perma Pipe's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Perma Pipe's Semi Deviation of 2.26, coefficient of variation of 483.4, and Risk Adjusted Performance of 0.1644 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Perma Pipe holds a performance score of 10. The company holds a Beta of 2.0, 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, Perma Pipe will likely underperform. Please check Perma Pipe's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Perma Pipe's historical price patterns will revert.
Auto-correlation | 0.90 |
Excellent predictability
Perma Pipe International Holdings has excellent predictability. Overlapping area represents the amount of predictability between Perma Pipe time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Perma Pipe Internati price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Perma Pipe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Perma Pipe Internati lagged returns against current returns
Autocorrelation, which is Perma Pipe 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 Perma Pipe's stock expected returns. We can calculate the autocorrelation of Perma Pipe returns to help us make a trade decision. For example, suppose you find that Perma Pipe 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 |
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Perma Pipe 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 Perma Pipe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perma Pipe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perma Pipe stock over time.
Current vs Lagged Prices |
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Perma Pipe Lagged Returns
When evaluating Perma Pipe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perma Pipe stock have on its future price. Perma Pipe 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, Perma Pipe autocorrelation shows the relationship between Perma Pipe stock current value and its past values and can show if there is a momentum factor associated with investing in Perma Pipe International Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Perma Pipe Internati offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perma Pipe'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 Perma Pipe International Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perma Pipe International Holdings Stock:Check out Perma Pipe Correlation, Perma Pipe Volatility and Perma Pipe Alpha and Beta module to complement your research on Perma Pipe. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Perma Pipe 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.