Perma Pipe International Holdings Stock Statistic Functions Variance
| PPIH Stock | USD 31.46 2.15 7.34% |
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The output start index for this execution was fourty-nine with a total number of output elements of twelve. Perma Pipe Internati Variance is a measurement of the price spread between periods of Perma Pipe price series.
Perma Pipe Technical Analysis Modules
Most technical analysis of Perma Pipe 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 Perma from various momentum indicators to cycle indicators. When you analyze Perma 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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About Perma Pipe 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 Perma Pipe International Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Perma Pipe International Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Perma Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Perma Pipe'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 Perma Pipe's intrinsic value. In addition to deriving basic predictive indicators for Perma Pipe, we also check how macroeconomic factors affect Perma Pipe price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 | 2025 | 2026 (projected) | Days Sales Outstanding | 160.71 | 149.84 | 134.85 | 69.07 | PTB Ratio | 0.97 | 1.68 | 1.93 | 1.21 |
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Perma Pipe Internati pair trading
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 Perma Pipe 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 Perma Pipe will appreciate offsetting losses from the drop in the long position's value.Perma Pipe Pair Trading
Perma Pipe International Holdings Pair Trading Analysis
The ability to find closely correlated positions to Perma Pipe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perma Pipe 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 Perma Pipe - 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 Perma Pipe International Holdings to buy it.
The correlation of Perma Pipe 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 Perma Pipe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perma Pipe Internati 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 Perma Pipe 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perma Pipe International Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is there potential for Industrial Machinery & Supplies & Components market expansion? Will Perma introduce new products? Factors like these will boost the valuation of Perma Pipe. Anticipated expansion of Perma directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. 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 1.484 | Earnings Share 1.71 | Revenue Per Share | Quarterly Revenue Growth 0.471 | Return On Assets |
Perma Pipe Internati's market price often diverges from its book value, the accounting figure shown on Perma's balance sheet. Smart investors calculate Perma Pipe's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Perma Pipe's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Perma Pipe's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Perma Pipe should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. 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.