Patrick Industries Stock Alpha and Beta Analysis
| PATK Stock | USD 135.45 2.19 1.64% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Patrick Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in Patrick Industries over a specified time horizon. Remember, high Patrick Industries' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Patrick Industries' market risk premium analysis include:
Beta 2.04 | Alpha (0.13) | Risk 2.47 | Sharpe Ratio 0.0327 | Expected Return 0.0806 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Patrick |
Patrick Industries Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Patrick Industries market risk premium is the additional return an investor will receive from holding Patrick Industries long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Patrick Industries. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Patrick Industries' performance over market.| α | -0.13 | β | 2.04 |
Patrick Industries expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Patrick Industries' Buy-and-hold return. Our buy-and-hold chart shows how Patrick Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Patrick Industries Market Price Analysis
Market price analysis indicators help investors to evaluate how Patrick Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patrick Industries shares will generate the highest return on investment. By understating and applying Patrick Industries stock market price indicators, traders can identify Patrick Industries position entry and exit signals to maximize returns.
Patrick Industries Return and Market Media
The median price of Patrick Industries for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 134.59 with a coefficient of variation of 5.8. The daily time series for the period is distributed with a sample standard deviation of 7.81, arithmetic mean of 134.75, and mean deviation of 6.55. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Patrick Industries dividend paid on 9th of September 2024 | 09/09/2024 |
1 | Disposition of 400 shares by Rodino Jeff of Patrick Industries subject to Rule 16b-3 | 09/11/2024 |
2 | Disposition of 7500 shares by Todd Cleveland of Patrick Industries at 131.0512 subject to Rule 16b-3 | 09/12/2024 |
3 | Disposition of 2000 shares by Andy Nemeth of Patrick Industries subject to Rule 16b-3 | 09/13/2024 |
4 | Disposition of 40000 shares by Rodino Jeff of Patrick Industries at 41.33 subject to Rule 16b-3 | 09/20/2024 |
5 | Acquisition by Duthie Joel D of 1714 shares of Patrick Industries subject to Rule 16b-3 | 10/04/2024 |
6 | Patrick Q3 2024 Earnings Preview | 10/30/2024 |
7 | Patrick Industries Third Quarter 2024 Earnings Misses Expectations | 11/01/2024 |
8 | Introducing Stage-3 Jeep Audio Kits for Select 2024 and Newer Wrangler Models by Rockford Fosgate | 11/05/2024 |
9 | Patrick increases dividend by 9 percent to 0.60 | 11/15/2024 |
10 | Patrick Industries announces three-for-two common stock split | 11/19/2024 |
11 | Patrick Industries Dividend Will Be Increased To 0.60 | 11/21/2024 |
About Patrick Industries Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Patrick or other stocks. Alpha measures the amount that position in Patrick Industries has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0147 | 0.0245 | 0.0123 | Price To Sales Ratio | 0.45 | 0.27 | 0.65 |
Patrick Industries Upcoming Company Events
As portrayed in its financial statements, the presentation of Patrick Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Patrick Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Patrick Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Patrick Industries. Please utilize our Beneish M Score to check the likelihood of Patrick Industries' management manipulating its earnings.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Patrick Industries
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Patrick Industries Backtesting, Patrick Industries Valuation, Patrick Industries Correlation, Patrick Industries Hype Analysis, Patrick Industries Volatility, Patrick Industries History and analyze Patrick Industries Performance. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Patrick Industries 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.