Patterson-UTI Energy (Germany) Market Value
| PE1 Stock | EUR 5.10 0.05 0.97% |
| Symbol | Patterson-UTI |
Patterson-UTI Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Patterson-UTI Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Patterson-UTI Energy.
| 04/09/2025 |
| 07/08/2025 |
If you would invest 0.00 in Patterson-UTI Energy on April 9, 2025 and sell it all today you would earn a total of 0.00 from holding Patterson UTI Energy or generate 0.0% return on investment in Patterson-UTI Energy over 90 days. Patterson-UTI Energy is related to or competes with Haverty Furniture, Odyssean Investment, Beazer Homes, Tokentus Investment, ADDUS HOMECARE, MGIC INVESTMENT, and ALLFUNDS GROUP. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas... More
Patterson-UTI Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Patterson-UTI Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Patterson UTI Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 39.44 | |||
| Value At Risk | (8.68) | |||
| Potential Upside | 5.8 |
Patterson-UTI Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson-UTI Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patterson-UTI Energy's standard deviation. In reality, there are many statistical measures that can use Patterson-UTI Energy historical prices to predict the future Patterson-UTI Energy's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 2.13 |
Patterson UTI Energy Backtested Returns
Patterson-UTI Energy appears to be unstable, given 3 months investment horizon. Patterson UTI Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0595, which implies the firm had a 0.0595 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Patterson UTI Energy, which you can use to evaluate the volatility of the company. Please evaluate Patterson-UTI Energy's Variance of 31.93, coefficient of variation of (1,505), and Risk Adjusted Performance of (0.10) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Patterson-UTI Energy holds a performance score of 4. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Patterson-UTI Energy are expected to decrease at a much lower rate. During the bear market, Patterson-UTI Energy is likely to outperform the market. Please check Patterson-UTI Energy's potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to make a quick decision on whether Patterson-UTI Energy's historical price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Patterson UTI Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Patterson-UTI Energy time series from 9th of April 2025 to 24th of May 2025 and 24th of May 2025 to 8th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Patterson UTI Energy price movement. The serial correlation of -0.25 indicates that over 25.0% of current Patterson-UTI Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Patterson UTI Energy lagged returns against current returns
Autocorrelation, which is Patterson-UTI Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Patterson-UTI Energy's stock expected returns. We can calculate the autocorrelation of Patterson-UTI Energy returns to help us make a trade decision. For example, suppose you find that Patterson-UTI Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Patterson-UTI Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Patterson-UTI Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patterson-UTI Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patterson-UTI Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Patterson-UTI Energy Lagged Returns
When evaluating Patterson-UTI Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patterson-UTI Energy stock have on its future price. Patterson-UTI Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Patterson-UTI Energy autocorrelation shows the relationship between Patterson-UTI Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Patterson UTI Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Patterson-UTI Stock
When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson-UTI 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 Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:Check out Patterson-UTI Energy Correlation, Patterson-UTI Energy Volatility and Patterson-UTI Energy Alpha and Beta module to complement your research on Patterson-UTI Energy. For more detail on how to invest in Patterson-UTI Stock please use our How to Invest in Patterson-UTI Energy guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Patterson-UTI Energy 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.