PATTERSON UTI ENERGY INC Market Value
| 703481AB7 | 93.71 3.04 3.14% |
| Symbol | PATTERSON |
PATTERSON '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's bond 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.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in PATTERSON on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding PATTERSON UTI ENERGY INC or generate 0.0% return on investment in PATTERSON over 90 days. PATTERSON is related to or competes with Microchip Technology, MACOM Technology, Qorvo, Aehr Test, Advanced Micro, Amkor Technology, and United Parks. More
PATTERSON 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's bond 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 INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.58 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.64 |
PATTERSON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PATTERSON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PATTERSON's standard deviation. In reality, there are many statistical measures that can use PATTERSON historical prices to predict the future PATTERSON's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.3321 |
PATTERSON UTI ENERGY Backtested Returns
PATTERSON UTI ENERGY maintains Sharpe Ratio (i.e., Efficiency) of -0.0298, which implies the bond had a -0.0298 % return per unit of standard deviation over the last 3 months. PATTERSON UTI ENERGY exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PATTERSON's Variance of 1.3, mean deviation of 0.6188, and Market Risk Adjusted Performance of 0.3421 to confirm the risk estimate we provide. The entity holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PATTERSON are expected to decrease at a much lower rate. During the bear market, PATTERSON is likely to outperform the market.
Auto-correlation | 0.10 |
Insignificant predictability
PATTERSON UTI ENERGY INC has insignificant predictability. Overlapping area represents the amount of predictability between PATTERSON time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 0.1 indicates that less than 10.0% of current PATTERSON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
PATTERSON UTI ENERGY lagged returns against current returns
Autocorrelation, which is PATTERSON bond'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's bond expected returns. We can calculate the autocorrelation of PATTERSON returns to help us make a trade decision. For example, suppose you find that PATTERSON has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PATTERSON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PATTERSON bond over time.
Current vs Lagged Prices |
| Timeline |
PATTERSON Lagged Returns
When evaluating PATTERSON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PATTERSON bond have on its future price. PATTERSON 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 autocorrelation shows the relationship between PATTERSON bond current value and its past values and can show if there is a momentum factor associated with investing in PATTERSON UTI ENERGY INC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in PATTERSON Bond
PATTERSON financial ratios help investors to determine whether PATTERSON Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PATTERSON with respect to the benefits of owning PATTERSON security.