Pennant Group Stock Alpha and Beta Analysis
| PNTG Stock | USD 30.56 0.58 1.86% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Pennant Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Pennant over a specified time horizon. Remember, high Pennant's 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 Pennant's market risk premium analysis include:
Beta 1.62 | Alpha (0.27) | Risk 2.64 | Sharpe Ratio (0.06) | Expected Return (0.15) |
Enterprise Value |
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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.
Pennant |
Pennant Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Pennant market risk premium is the additional return an investor will receive from holding Pennant 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 Pennant. 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 Pennant's performance over market.| α | -0.27 | β | 1.62 |
Pennant 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 Pennant's Buy-and-hold return. Our buy-and-hold chart shows how Pennant performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Pennant Market Price Analysis
Market price analysis indicators help investors to evaluate how Pennant stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pennant shares will generate the highest return on investment. By understating and applying Pennant stock market price indicators, traders can identify Pennant position entry and exit signals to maximize returns.
Pennant Return and Market Media
The median price of Pennant for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 33.42 with a coefficient of variation of 4.1. The daily time series for the period is distributed with a sample standard deviation of 1.38, arithmetic mean of 33.53, and mean deviation of 1.11. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Centenes Unit Secures New Four-Year Medicaid Contract in Iowa | 09/05/2024 |
2 | Disposition of 11927 shares by Christensen Christopher R. of Pennant subject to Rule 16b-3 | 09/10/2024 |
3 | Disposition of tradable shares by Stringfield Joanne of Pennant at 10.96 subject to Rule 16b-3 | 10/08/2024 |
4 | A Look At The Fair Value Of The Pennant Group, Inc. | 10/11/2024 |
5 | Acquisition by Christensen Christopher R. of 3000 shares of Pennant subject to Rule 16b-3 | 10/15/2024 |
6 | Insider Sale Director Joanne Stringfield Sells Shares of Pennant Group Inc | 10/25/2024 |
7 | Encompass Health Tops Q3 Earnings and Revenue Estimates | 10/28/2024 |
8 | What To Expect From Pennant Group Inc Q3 2024 Earnings | 11/05/2024 |
9 | Pennant Group Inc Q3 2024 Everything You Need To Know Ahead Of Earnings | 11/06/2024 |
10 | The Pennant Group, Inc. Q3 Earnings and Revenues Beat Estimates | 11/07/2024 |
11 | The Pennant Group, Inc. Q3 2024 Earnings Call Transcript | 11/11/2024 |
12 | We Think That There Are Issues Underlying Pennant Groups Earnings | 11/14/2024 |
13 | Navellier Associates Inc. Takes 874,000 Position in The Pennant Group, Inc. - MarketBeat | 11/22/2024 |
About Pennant 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 Pennant or other stocks. Alpha measures the amount that position in Pennant Group 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.
| 2023 | 2024 (projected) | Dividend Yield | 0.0113 | 0.0101 | Price To Sales Ratio | 0.76 | 0.72 |
Pennant Upcoming Company Events
As portrayed in its financial statements, the presentation of Pennant's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Pennant's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Pennant's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Pennant. Please utilize our Beneish M Score to check the likelihood of Pennant's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Align your risk with return expectations
Check out Pennant Backtesting, Pennant Valuation, Pennant Correlation, Pennant Hype Analysis, Pennant Volatility, Pennant History and analyze Pennant Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Pennant 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.