Procore Technologies Stock Market Value
| PCOR Stock | USD 81.45 1.19 1.48% |
| Symbol | Procore |
Procore Technologies Price To Book Ratio
Is Application Software 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 Procore Technologies. If investors know Procore 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 Procore Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.51) | Revenue Per Share 7.592 | Quarterly Revenue Growth 0.194 | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of Procore Technologies is measured differently than its book value, which is the value of Procore that is recorded on the company's balance sheet. Investors also form their own opinion of Procore Technologies' value that differs from its market value or its book value, called intrinsic value, which is Procore Technologies' 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 Procore Technologies' market value can be influenced by many factors that don't directly affect Procore Technologies' 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 Procore Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Procore Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Procore Technologies' 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.
Procore Technologies '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 Procore Technologies' 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 Procore Technologies.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Procore Technologies on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Procore Technologies or generate 0.0% return on investment in Procore Technologies over 30 days. Procore Technologies is related to or competes with C3 Ai, Shopify, Workday, Intuit, Snowflake, Atlassian Corp, and Autodesk. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the ... More
Procore Technologies 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 Procore Technologies' 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 Procore Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.1546 | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 4.79 |
Procore Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Procore Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Procore Technologies' standard deviation. In reality, there are many statistical measures that can use Procore Technologies historical prices to predict the future Procore Technologies' volatility.| Risk Adjusted Performance | 0.1668 | |||
| Jensen Alpha | 0.2652 | |||
| Total Risk Alpha | 0.1246 | |||
| Sortino Ratio | 0.2055 | |||
| Treynor Ratio | 0.2636 |
Procore Technologies Backtested Returns
Procore Technologies appears to be very steady, given 3 months investment horizon. Procore Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Procore Technologies' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate Procore Technologies' Semi Deviation of 1.38, coefficient of variation of 478.58, and Risk Adjusted Performance of 0.1668 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Procore Technologies holds a performance score of 17. The company holds a Beta of 1.79, 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, Procore Technologies will likely underperform. Please check Procore Technologies' value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Procore Technologies' historical price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Procore Technologies has good predictability. Overlapping area represents the amount of predictability between Procore Technologies time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Procore Technologies price movement. The serial correlation of 0.77 indicates that around 77.0% of current Procore Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 22.55 |
Procore Technologies lagged returns against current returns
Autocorrelation, which is Procore Technologies 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 Procore Technologies' stock expected returns. We can calculate the autocorrelation of Procore Technologies returns to help us make a trade decision. For example, suppose you find that Procore Technologies 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 |
Procore Technologies 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 Procore Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Procore Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Procore Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Procore Technologies Lagged Returns
When evaluating Procore Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Procore Technologies stock have on its future price. Procore Technologies 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, Procore Technologies autocorrelation shows the relationship between Procore Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Procore Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Procore Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Procore Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Procore Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Procore Stock
| 0.87 | DJCO | Daily Journal Corp | PairCorr |
| 0.9 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.86 | BL | Blackline | PairCorr |
Moving against Procore Stock
The ability to find closely correlated positions to Procore Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Procore Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Procore Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Procore Technologies to buy it.
The correlation of Procore Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Procore Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procore Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Procore Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Procore Stock Analysis
When running Procore Technologies' price analysis, check to measure Procore Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Procore Technologies is operating at the current time. Most of Procore Technologies' value examination focuses on studying past and present price action to predict the probability of Procore Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Procore Technologies' price. Additionally, you may evaluate how the addition of Procore Technologies to your portfolios can decrease your overall portfolio volatility.