Zacks Investment Ideas feature highlights Rocket Labs, Tesla, Rigetti Computing, MicroStrategy and SoundHoundAI
| 743756AE8 | 79.10 0.00 0.00% |
About 62% of PROVIDENCE's investor base is looking to short. The analysis of the overall prospects from investing in PROVIDENCE HEALTH SVCS suggests that many traders are, at the present time, alarmed. The current market sentiment, together with PROVIDENCE's historical and current headlines, can help investors time the market. In addition, many technical investors use PROVIDENCE HEALTH SVCS bond news signals to limit their universe of possible portfolio assets.
PROVIDENCE |
Rocket Labs, Tesla, Rigetti Computing, MicroStrategy and SoundHoundAI have been highlighted in this Investment Ideas article.
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PROVIDENCE Fundamental Analysis
We analyze PROVIDENCE's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PROVIDENCE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PROVIDENCE based on its fundamental data. In general, a quantitative approach, as applied to this corporate bond, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
PROVIDENCE HEALTH cannot be rated in Probability Of Bankruptcy category at this point.Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
PROVIDENCE HEALTH SVCS Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PROVIDENCE bond to make a market-neutral strategy. Peer analysis of PROVIDENCE could also be used in its relative valuation, which is a method of valuing PROVIDENCE by comparing valuation metrics with similar companies.
Peers
PROVIDENCE Related Equities
| GROV | Virgin Group | 1.42 | ||||
| EML | Eastern | 0.64 | ||||
| WVVIP | Willamette Valley | 0.59 | ||||
| MJWNY | Naked Wines | 0.00 | ||||
| HNST | Honest | 1.77 | ||||
| WEYS | Weyco | 2.16 |
Other Information on Investing in PROVIDENCE Bond
PROVIDENCE financial ratios help investors to determine whether PROVIDENCE 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 PROVIDENCE with respect to the benefits of owning PROVIDENCE security.