Proassurance Stock Market Value
| PRA Stock | USD 15.71 0.36 2.35% |
| Symbol | ProAssurance |
ProAssurance Price To Book Ratio
Is Property & Casualty Insurance 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 ProAssurance. If investors know ProAssurance 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 ProAssurance 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 1.526 | Earnings Share 1.03 | Revenue Per Share | Quarterly Revenue Growth (0.06) | Return On Assets |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance'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 ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance'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 ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance'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.
ProAssurance '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 ProAssurance'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 ProAssurance.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ProAssurance on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ProAssurance or generate 0.0% return on investment in ProAssurance over 90 days. ProAssurance is related to or competes with Argo Group, Horace Mann, Kemper, Selective Insurance, Donegal Group, Global Indemnity, and RLI Corp. ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products i... More
ProAssurance 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 ProAssurance'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 ProAssurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.56 |
ProAssurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProAssurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProAssurance's standard deviation. In reality, there are many statistical measures that can use ProAssurance historical prices to predict the future ProAssurance's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.2629 | |||
| Treynor Ratio | (0.16) |
ProAssurance Backtested Returns
ProAssurance maintains Sharpe Ratio (i.e., Efficiency) of -0.0289, which implies the firm had a -0.0289 % return per unit of risk over the last 3 months. ProAssurance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ProAssurance's Risk Adjusted Performance of (0.04), variance of 6.17, and Coefficient Of Variation of (1,705) to confirm the risk estimate we provide. The company holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. ProAssurance returns are very sensitive to returns on the market. As the market goes up or down, ProAssurance is expected to follow. At this point, ProAssurance has a negative expected return of -0.0756%. Please make sure to check ProAssurance's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if ProAssurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
ProAssurance has very weak reverse predictability. Overlapping area represents the amount of predictability between ProAssurance time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProAssurance price movement. The serial correlation of -0.06 indicates that barely 6.0% of current ProAssurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
ProAssurance lagged returns against current returns
Autocorrelation, which is ProAssurance 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 ProAssurance's stock expected returns. We can calculate the autocorrelation of ProAssurance returns to help us make a trade decision. For example, suppose you find that ProAssurance 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 |
ProAssurance 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 ProAssurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProAssurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProAssurance stock over time.
Current vs Lagged Prices |
| Timeline |
ProAssurance Lagged Returns
When evaluating ProAssurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProAssurance stock have on its future price. ProAssurance 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, ProAssurance autocorrelation shows the relationship between ProAssurance stock current value and its past values and can show if there is a momentum factor associated with investing in ProAssurance.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether ProAssurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProAssurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proassurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Proassurance Stock:Check out ProAssurance Correlation, ProAssurance Volatility and ProAssurance Alpha and Beta module to complement your research on ProAssurance. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
ProAssurance 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.