Provident Financial Holdings Stock Market Value
| PROV Stock | USD 15.91 0.22 1.36% |
| Symbol | Provident |
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 0.112 | Dividend Share 0.56 | Earnings Share 1.09 | Revenue Per Share 5.77 | Quarterly Revenue Growth 0.093 |
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.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Provident Financial on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Provident Financial Holdings or generate 0.0% return on investment in Provident Financial over 30 days. Provident Financial is related to or competes with Home Federal, Magyar Bancorp, Community West, First Northwest, First Business, Old Point, and Parke Bancorp. Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B 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 Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.1252 | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 2.63 |
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.| Risk Adjusted Performance | 0.123 | |||
| Jensen Alpha | 0.1961 | |||
| Total Risk Alpha | 0.1532 | |||
| Sortino Ratio | 0.141 | |||
| Treynor Ratio | (0.78) |
Provident Financial Backtested Returns
At this stage we consider Provident Stock to be very steady. Provident Financial 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 Provident Financial, which you can use to evaluate the volatility of the company. Please check Provident Financial's Semi Deviation of 0.956, coefficient of variation of 670.38, and Risk Adjusted Performance of 0.123 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Provident Financial has a performance score of 10 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Provident Financial are expected to decrease at a much lower rate. During the bear market, Provident Financial is likely to outperform the market. Provident Financial right now holds a risk of 1.35%. Please check Provident Financial potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Provident Financial will be following its historical price patterns.
Auto-correlation | 0.36 |
Below average predictability
Provident Financial Holdings has below average predictability. Overlapping area represents the amount of predictability between Provident Financial time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 0.36 indicates that just about 36.0% of current Provident Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
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 Holdings.
Regressed Prices |
| Timeline |
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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.