P3 Health Partners Stock Market Value
| PIII Stock | USD 0.25 0.01 4.17% |
| Symbol | PIII |
P3 Health Partners Price To Book Ratio
Is Health Care Equipment & Supplies 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 P3 Health. If investors know PIII 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 P3 Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.86) | Revenue Per Share 11.552 | Quarterly Revenue Growth 0.152 | Return On Assets (0.12) | Return On Equity (0.41) |
The market value of P3 Health Partners is measured differently than its book value, which is the value of PIII that is recorded on the company's balance sheet. Investors also form their own opinion of P3 Health's value that differs from its market value or its book value, called intrinsic value, which is P3 Health'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 P3 Health's market value can be influenced by many factors that don't directly affect P3 Health'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 P3 Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if P3 Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, P3 Health'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.
P3 Health '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 P3 Health'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 P3 Health.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in P3 Health on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding P3 Health Partners or generate 0.0% return on investment in P3 Health over 30 days. P3 Health is related to or competes with Sonida Senior, Acadia Healthcare, CryoCell International, Community Health, Lifestance Health, Agilon Health, and Brookdale Senior. P3 Health Partners Inc., a patient-centered and physician-led population health management company, provides superior ca... More
P3 Health 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 P3 Health'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 P3 Health Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 65.63 | |||
| Value At Risk | (9.30) | |||
| Potential Upside | 10.0 |
P3 Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for P3 Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as P3 Health's standard deviation. In reality, there are many statistical measures that can use P3 Health historical prices to predict the future P3 Health's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.87) | |||
| Total Risk Alpha | (1.98) | |||
| Treynor Ratio | (0.31) |
P3 Health Partners Backtested Returns
P3 Health Partners retains Efficiency (Sharpe Ratio) of -0.0725, which implies the company had a -0.0725% return per unit of price deviation over the last 3 months. P3 Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check P3 Health's market risk adjusted performance of (0.30), and Information Ratio of (0.09) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 2.0, 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, P3 Health will likely underperform. At this point, P3 Health Partners has a negative expected return of -0.6%. Please make sure to check P3 Health's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if P3 Health Partners performance from the past will be repeated sooner or later.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
P3 Health Partners has almost perfect reverse predictability. Overlapping area represents the amount of predictability between P3 Health time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 P3 Health Partners price movement. The serial correlation of -0.78 indicates that around 78.0% of current P3 Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
P3 Health Partners lagged returns against current returns
Autocorrelation, which is P3 Health 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 P3 Health's stock expected returns. We can calculate the autocorrelation of P3 Health returns to help us make a trade decision. For example, suppose you find that P3 Health 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 |
P3 Health 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 P3 Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if P3 Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in P3 Health stock over time.
Current vs Lagged Prices |
| Timeline |
P3 Health Lagged Returns
When evaluating P3 Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of P3 Health stock have on its future price. P3 Health 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, P3 Health autocorrelation shows the relationship between P3 Health stock current value and its past values and can show if there is a momentum factor associated with investing in P3 Health Partners.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether P3 Health Partners is a strong investment it is important to analyze P3 Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact P3 Health's future performance. For an informed investment choice regarding PIII Stock, refer to the following important reports:Check out P3 Health Correlation, P3 Health Volatility and P3 Health Alpha and Beta module to complement your research on P3 Health. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
P3 Health 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.