Provident Financial Services Stock Market Value

PFS Stock  USD 20.69  0.27  1.32%   
Provident Financial's market value is the price at which a share of Provident Financial trades on a public exchange. It measures the collective expectations of Provident Financial Services investors about its performance. Provident Financial is selling for under 20.69 as of the 11th of December 2024; that is 1.32 percent increase since the beginning of the trading day. The stock's lowest day price was 20.42.
With this module, you can estimate the performance of a buy and hold strategy of Provident Financial Services and determine expected loss or profit from investing in Provident Financial over a given investment horizon. Check out Provident Financial Correlation, Provident Financial Volatility and Provident Financial Alpha and Beta module to complement your research on Provident Financial.
Symbol

Provident Financial 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 Provident Financial. If investors know Provident 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 Provident Financial 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
(0.06)
Dividend Share
0.96
Earnings Share
1.01
Revenue Per Share
5.487
Quarterly Revenue Growth
0.954
The market value of Provident Financial is measured differently than its book value, which is the value of Provident that is recorded on the company's balance sheet. Investors also form their own opinion of Provident Financial's value that differs from its market value or its book value, called intrinsic value, which is Provident Financial's 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 Provident Financial's market value can be influenced by many factors that don't directly affect Provident Financial's 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 Provident Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Financial's 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.

Provident Financial '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 Provident Financial'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 Provident Financial.
0.00
11/11/2024
No Change 0.00  0.0 
In 30 days
12/11/2024
0.00
If you would invest  0.00  in Provident Financial on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Provident Financial Services or generate 0.0% return on investment in Provident Financial over 30 days. Provident Financial is related to or competes with First Mid, ConnectOne Bancorp, Finward Bancorp, CrossFirst Bankshares, Sandy Spring, Northrim BanCorp, and Community Trust. Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking... More

Provident Financial 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 Provident Financial'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 Provident Financial Services upside and downside potential and time the market with a certain degree of confidence.

Provident Financial Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Provident Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Provident Financial's standard deviation. In reality, there are many statistical measures that can use Provident Financial historical prices to predict the future Provident Financial's volatility.
Hype
Prediction
LowEstimatedHigh
17.8120.3422.87
Details
Intrinsic
Valuation
LowRealHigh
17.5520.0822.61
Details
Naive
Forecast
LowNextHigh
17.3119.8422.37
Details
4 Analysts
Consensus
LowTargetHigh
18.3820.2022.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Provident Financial. Your research has to be compared to or analyzed against Provident Financial's peers to derive any actionable benefits. When done correctly, Provident Financial's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Provident Financial.

Provident Financial Backtested Returns

Provident Financial appears to be not too volatile, given 3 months investment horizon. Provident Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Provident Financial, which you can use to evaluate the volatility of the company. Please evaluate Provident Financial's Risk Adjusted Performance of 0.076, coefficient of variation of 1047.9, and Semi Deviation of 1.62 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Provident Financial holds a performance score of 8. The company holds a Beta of 2.49, 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, Provident Financial will likely underperform. Please check Provident Financial's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Provident Financial's historical price patterns will revert.

Auto-correlation

    
  0.19  

Very weak predictability

Provident Financial Services has very weak predictability. Overlapping area represents the amount of predictability between Provident Financial time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Provident Financial price movement. The serial correlation of 0.19 indicates that over 19.0% of current Provident Financial price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.16
Residual Average0.0
Price Variance0.09

Provident Financial lagged returns against current returns

Autocorrelation, which is Provident Financial 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 Provident Financial's stock expected returns. We can calculate the autocorrelation of Provident Financial returns to help us make a trade decision. For example, suppose you find that Provident Financial 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  

Provident Financial 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 Provident Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Provident Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Provident Financial stock over time.
   Current vs Lagged Prices   
       Timeline  

Provident Financial Lagged Returns

When evaluating Provident Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Provident Financial stock have on its future price. Provident Financial 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, Provident Financial autocorrelation shows the relationship between Provident Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Provident Financial Services.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Provident Stock Analysis

When running Provident Financial's price analysis, check to measure Provident Financial's 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 Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.