Prosperity Bancshares Stock Market Value
| PB Stock | USD 83.73 0.44 0.52% |
| Symbol | Prosperity |
Prosperity Bancshares Price To Book Ratio
Is Regional Banks 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 Prosperity Bancshares. If investors know Prosperity 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 Prosperity Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.116 | Dividend Share 2.24 | Earnings Share 4.69 | Revenue Per Share 12.146 | Quarterly Revenue Growth 0.088 |
The market value of Prosperity Bancshares is measured differently than its book value, which is the value of Prosperity that is recorded on the company's balance sheet. Investors also form their own opinion of Prosperity Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Prosperity Bancshares' 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 Prosperity Bancshares' market value can be influenced by many factors that don't directly affect Prosperity Bancshares' 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 Prosperity Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prosperity Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prosperity Bancshares' 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.
Prosperity Bancshares '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 Prosperity Bancshares' 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 Prosperity Bancshares.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prosperity Bancshares on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Prosperity Bancshares or generate 0.0% return on investment in Prosperity Bancshares over 180 days. Prosperity Bancshares is related to or competes with Heartland Financial, Heritage Commerce, Business First, German American, Texas Capital, Commerce Bancshares, and BOK Financial. Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products an... More
Prosperity Bancshares 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 Prosperity Bancshares' 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 Prosperity Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0522 | |||
| Maximum Drawdown | 11.99 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.5 |
Prosperity Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosperity Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosperity Bancshares' standard deviation. In reality, there are many statistical measures that can use Prosperity Bancshares historical prices to predict the future Prosperity Bancshares' volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0758 | |||
| Treynor Ratio | 0.1379 |
Prosperity Bancshares Backtested Returns
Prosperity Bancshares appears to be very steady, given 3 months investment horizon. Prosperity Bancshares maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prosperity Bancshares, which you can use to evaluate the volatility of the company. Please evaluate Prosperity Bancshares' Risk Adjusted Performance of 0.1067, semi deviation of 1.01, and Coefficient Of Variation of 755.78 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prosperity Bancshares holds a performance score of 11. The company holds a Beta of 1.58, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Prosperity Bancshares will likely underperform. Please check Prosperity Bancshares' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Prosperity Bancshares' historical price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Prosperity Bancshares has good predictability. Overlapping area represents the amount of predictability between Prosperity Bancshares time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prosperity Bancshares price movement. The serial correlation of 0.68 indicates that around 68.0% of current Prosperity Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 22.54 |
Prosperity Bancshares lagged returns against current returns
Autocorrelation, which is Prosperity Bancshares 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 Prosperity Bancshares' stock expected returns. We can calculate the autocorrelation of Prosperity Bancshares returns to help us make a trade decision. For example, suppose you find that Prosperity Bancshares 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 |
Prosperity Bancshares 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 Prosperity Bancshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosperity Bancshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosperity Bancshares stock over time.
Current vs Lagged Prices |
| Timeline |
Prosperity Bancshares Lagged Returns
When evaluating Prosperity Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosperity Bancshares stock have on its future price. Prosperity Bancshares 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, Prosperity Bancshares autocorrelation shows the relationship between Prosperity Bancshares stock current value and its past values and can show if there is a momentum factor associated with investing in Prosperity Bancshares.
Regressed Prices |
| Timeline |
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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.Check out Prosperity Bancshares Correlation, Prosperity Bancshares Volatility and Prosperity Bancshares Alpha and Beta module to complement your research on Prosperity Bancshares. For information on how to trade Prosperity Stock refer to our How to Trade Prosperity Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Prosperity Bancshares 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.