Perrigo Company Plc Stock Statistic Functions Pearson Correlation Coefficient

PRGO Stock  USD 28.54  0.30  1.04%   
Perrigo Company statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Perrigo Company. Perrigo Company value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Perrigo Company statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
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The output start index for this execution was nine with a total number of output elements of fifty-two. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Perrigo Company and its benchmark or peer.

Perrigo Company Technical Analysis Modules

Most technical analysis of Perrigo Company help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Perrigo from various momentum indicators to cycle indicators. When you analyze Perrigo 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.

About Perrigo Company Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Perrigo Company PLC. We use our internally-developed statistical techniques to arrive at the intrinsic value of Perrigo Company PLC based on widely used predictive technical indicators. In general, we focus on analyzing Perrigo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Perrigo Company's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Perrigo Company's intrinsic value. In addition to deriving basic predictive indicators for Perrigo Company, we also check how macroeconomic factors affect Perrigo Company price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Dividend Yield0.02490.03110.03440.0361
Price To Sales Ratio1.261.030.940.89
Hype
Prediction
LowEstimatedHigh
26.9328.8730.81
Details
Intrinsic
Valuation
LowRealHigh
25.9633.5935.53
Details
6 Analysts
Consensus
LowTargetHigh
44.5949.0054.39
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.630.650.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Perrigo Company. Your research has to be compared to or analyzed against Perrigo Company's peers to derive any actionable benefits. When done correctly, Perrigo Company's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Perrigo Company.

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When determining whether Perrigo Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perrigo Company'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 Perrigo Company Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perrigo Company Plc Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.