Patterson Companies Stock Price Prediction
| PDCO Stock | USD 20.28 0.22 1.10% |
Oversold Vs Overbought
52
Oversold | Overbought |
Quarterly Earnings Growth (0.53) | EPS Estimate Current Year 2.28 | EPS Estimate Next Year 2.39 | Wall Street Target Price 26.3 | EPS Estimate Current Quarter 0.32 |
Using Patterson Companies hype-based prediction, you can estimate the value of Patterson Companies from the perspective of Patterson Companies response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Patterson Companies to buy its stock at a price that has no basis in reality. In that case, they are not buying Patterson because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Patterson Companies after-hype prediction price | USD 20.31 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Patterson |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patterson Companies' 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.
Patterson Companies After-Hype Price Prediction Density Analysis
As far as predicting the price of Patterson Companies at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Patterson Companies or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Patterson Companies, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Patterson Companies Estimiated After-Hype Price Volatility
In the context of predicting Patterson Companies' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Patterson Companies' historical news coverage. Patterson Companies' after-hype downside and upside margins for the prediction period are 17.83 and 22.79, respectively. We have considered Patterson Companies' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Patterson Companies is very steady at this time. Analysis and calculation of next after-hype price of Patterson Companies is based on 3 months time horizon.
Patterson Companies Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Patterson Companies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Patterson Companies backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Patterson Companies, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.30 | 2.49 | 0.04 | 0.76 | 10 Events / Month | 4 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
20.28 | 20.31 | 0.15 |
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Patterson Companies Hype Timeline
Patterson Companies is at this time traded for 20.28. The entity has historical hype elasticity of 0.04, and average elasticity to hype of competition of 0.76. Patterson is forecasted to increase in value after the next headline, with the price projected to jump to 20.31 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is projected to be 0.15%, whereas the daily expected return is at this time at -0.3%. The volatility of related hype on Patterson Companies is about 97.84%, with the expected price after the next announcement by competition of 21.04. The company reported the previous year's revenue of 6.57 B. Net Income was 185.93 M with profit before overhead, payroll, taxes, and interest of 1.37 B. Given the investment horizon of 90 days the next forecasted press release will be in about 10 days. Check out Patterson Companies Basic Forecasting Models to cross-verify your projections.Patterson Companies Related Hype Analysis
Having access to credible news sources related to Patterson Companies' direct competition is more important than ever and may enhance your ability to predict Patterson Companies' future price movements. Getting to know how Patterson Companies' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Patterson Companies may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| OMI | Owens Minor | (0.74) | 9 per month | 0.00 | (0.11) | 5.11 | (7.10) | 21.58 | |
| ABC | Abcam Plc | (0.47) | 1 per month | 0.37 | 0.18 | 1.43 | (1.25) | 3.75 | |
| CAH | Cardinal Health | 2.00 | 8 per month | 1.18 | 0.05 | 1.98 | (1.97) | 10.66 | |
| MCK | McKesson | 16.31 | 8 per month | 2.04 | 0.05 | 2.36 | (2.06) | 12.91 | |
| HSIC | Henry Schein | (1.97) | 8 per month | 1.38 | 0.01 | 3.24 | (1.95) | 7.95 | |
| EDAP | EDAP TMS SA | 0.14 | 8 per month | 0.00 | (0.16) | 6.27 | (8.02) | 22.96 |
Patterson Companies Additional Predictive Modules
Most predictive techniques to examine Patterson price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Patterson using various technical indicators. When you analyze Patterson charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Patterson Companies Predictive Indicators
The successful prediction of Patterson Companies stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Patterson Companies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Patterson Companies based on analysis of Patterson Companies hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Patterson Companies's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Patterson Companies's related companies. | 2010 | 2011 | 2021 | 2024 (projected) | Dividend Yield | 0.003061 | 0.0235 | 0.041 | 0.0338 | Price To Sales Ratio | 1.41 | 0.54 | 0.36 | 0.46 |
Story Coverage note for Patterson Companies
The number of cover stories for Patterson Companies depends on current market conditions and Patterson Companies' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Patterson Companies is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Patterson Companies' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Patterson Companies Short Properties
Patterson Companies' future price predictability will typically decrease when Patterson Companies' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Patterson Companies often depends not only on the future outlook of the potential Patterson Companies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Patterson Companies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 93.7 M | |
| Cash And Short Term Investments | 114.5 M |
Check out Patterson Companies Basic Forecasting Models to cross-verify your projections. To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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 Patterson Companies. If investors know Patterson 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 Patterson Companies 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 (0.53) | Dividend Share 1.04 | Earnings Share 1.81 | Revenue Per Share 71.704 | Quarterly Revenue Growth (0.02) |
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' 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 Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' 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 Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' 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.