Patten Energy Solutions Stock Volatility
We have found zero technical indicators for Patten Energy Solutions, which you can use to evaluate the volatility of the company. Key indicators related to Patten Energy's volatility include:
570 Days Market Risk | Chance Of Distress | 570 Days Economic Sensitivity |
Patten Energy Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Patten daily returns, and it is calculated using variance and standard deviation. We also use Patten's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Patten Energy volatility.
Patten |
Patten Energy Solutions Stock Volatility Analysis
Volatility refers to the frequency at which Patten Energy stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Patten Energy's price changes. Investors will then calculate the volatility of Patten Energy's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Patten Energy's volatility:
Historical Volatility
This type of stock volatility measures Patten Energy's fluctuations based on previous trends. It's commonly used to predict Patten Energy's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Patten Energy's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Patten Energy's to be redeemed at a future date.Transformation |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was zero with a total number of output elements of sixty-one. Patten Energy Solutions Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Patten Energy Projected Return Density Against Market
Given the investment horizon of 90 days Patten Energy has a beta that is very close to zero indicating the returns on DOW JONES INDUSTRIAL and Patten Energy do not appear to be highly reactive.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Patten Energy or Energy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Patten Energy's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Patten stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
It does not look like Patten Energy's alpha can have any bearing on the current valuation. Predicted Return Density |
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What Drives a Patten Energy Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Patten Energy Stock Return Volatility
Patten Energy historical daily return volatility represents how much of Patten Energy stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 0.0% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7685% volatility on return distribution over the 90 days horizon. Performance |
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About Patten Energy Volatility
Volatility is a rate at which the price of Patten Energy or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Patten Energy may increase or decrease. In other words, similar to Patten's beta indicator, it measures the risk of Patten Energy and helps estimate the fluctuations that may happen in a short period of time. So if prices of Patten Energy fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Market Cap | 314.5 K | 298.8 K |
Patten Energy's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Patten Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Patten Energy's price varies over time.
3 ways to utilize Patten Energy's volatility to invest better
Higher Patten Energy's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Patten Energy Solutions stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Patten Energy Solutions stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Patten Energy Solutions investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Patten Energy's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Patten Energy's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Patten Energy Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.77 and is 9.223372036854776E16 times more volatile than Patten Energy Solutions. 0 percent of all equities and portfolios are less risky than Patten Energy. You can use Patten Energy Solutions to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Patten Energy to be traded at $0.0 in 90 days.Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Patten Energy Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Patten Energy as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Patten Energy's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Patten Energy's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Patten Energy Solutions.
When determining whether Patten Energy Solutions offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patten Energy'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 Patten Energy Solutions Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patten Energy Solutions Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patten Energy Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Oil & Gas Refining & Marketing 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 Patten Energy. If investors know Patten 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 Patten Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (1.31) | Return On Equity (5.77) |
The market value of Patten Energy Solutions is measured differently than its book value, which is the value of Patten that is recorded on the company's balance sheet. Investors also form their own opinion of Patten Energy's value that differs from its market value or its book value, called intrinsic value, which is Patten Energy'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 Patten Energy's market value can be influenced by many factors that don't directly affect Patten Energy'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 Patten Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patten Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patten Energy'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.