Perrigo Company Plc Stock Market Value
| PRGO Stock | USD 27.08 0.07 0.26% |
| Symbol | Perrigo |
Perrigo Company Price To Book Ratio
Is Pharmaceuticals 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 Perrigo Company. If investors know Perrigo 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 Perrigo Company 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 (0.64) | Dividend Share 1.101 | Earnings Share (1.07) | Revenue Per Share 32.088 | Quarterly Revenue Growth (0.03) |
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo Company's value that differs from its market value or its book value, called intrinsic value, which is Perrigo Company'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 Perrigo Company's market value can be influenced by many factors that don't directly affect Perrigo Company'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 Perrigo Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perrigo Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo Company'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 Company '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 Company'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 Company.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Perrigo Company on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Perrigo Company PLC or generate 0.0% return on investment in Perrigo Company over 30 days. Perrigo Company is related to or competes with Prestige Brand, Amphastar, Pacira BioSciences,, Collegium Pharmaceutical, Phibro Animal, Elanco Animal, and Dr Reddys. Perrigo Company plc provides over-the-counter health and wellness solutions that enhance individual well-being by empowe... More
Perrigo Company 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 Company'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 Company PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.85 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.42 |
Perrigo Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perrigo Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perrigo Company's standard deviation. In reality, there are many statistical measures that can use Perrigo Company historical prices to predict the future Perrigo Company's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.04) |
Perrigo Company Backtested Returns
Perrigo Company maintains Sharpe Ratio (i.e., Efficiency) of -0.0464, which implies the firm had a -0.0464% return per unit of risk over the last 3 months. Perrigo Company exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Perrigo Company's Variance of 3.64, coefficient of variation of (4,916), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 1.21, 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, Perrigo Company will likely underperform. At this point, Perrigo Company has a negative expected return of -0.0867%. Please make sure to check Perrigo Company's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Perrigo Company performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Perrigo Company PLC has below average predictability. Overlapping area represents the amount of predictability between Perrigo Company time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Perrigo Company price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Perrigo Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Perrigo Company lagged returns against current returns
Autocorrelation, which is Perrigo Company 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 Company's stock expected returns. We can calculate the autocorrelation of Perrigo Company returns to help us make a trade decision. For example, suppose you find that Perrigo Company 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 Company 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 Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perrigo Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perrigo Company stock over time.
Current vs Lagged Prices |
| Timeline |
Perrigo Company Lagged Returns
When evaluating Perrigo Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perrigo Company stock have on its future price. Perrigo Company 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 Company autocorrelation shows the relationship between Perrigo Company stock current value and its past values and can show if there is a momentum factor associated with investing in Perrigo Company PLC.
Regressed Prices |
| Timeline |
Pair Trading with Perrigo Company
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Perrigo Company position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Perrigo Company will appreciate offsetting losses from the drop in the long position's value.Moving together with Perrigo Stock
Moving against Perrigo Stock
| 0.75 | VRDN | Viridian Therapeutics | PairCorr |
| 0.71 | KZR | Kezar Life Sciences | PairCorr |
| 0.65 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.46 | GILD | Gilead Sciences | PairCorr |
| 0.41 | BMY | Bristol Myers Squibb | PairCorr |
The ability to find closely correlated positions to Perrigo Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perrigo Company when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Perrigo Company - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Perrigo Company PLC to buy it.
The correlation of Perrigo Company is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perrigo Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perrigo Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Perrigo Company can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Perrigo Company Correlation, Perrigo Company Volatility and Perrigo Company Alpha and Beta module to complement your research on Perrigo Company. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Perrigo Company 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.