Precipio Return On Equity from 2010 to 2024
| PRPO Stock | USD 5.91 0.09 1.50% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.41) | Current Value (0.43) | Quarterly Volatility 1.8171289 |
Check Precipio financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precipio's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 M, Interest Expense of 17.1 K or Total Revenue of 16 M, as well as many indicators such as Price To Sales Ratio of 0.53, Dividend Yield of 0.0 or PTB Ratio of 0.99. Precipio financial statements analysis is a perfect complement when working with Precipio Valuation or Volatility modules.
Precipio | Return On Equity |
Latest Precipio's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Precipio over the last few years. Return on Equity is the amount of Precipio net income returned as a percentage of Precipio equity. Return on equity measures Precipio profitability by revealing how much profit Precipio generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Precipio's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precipio's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.29 | 10 Years Trend |
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Return On Equity |
| Timeline |
Precipio Return On Equity Regression Statistics
| Arithmetic Mean | (0.34) | |
| Geometric Mean | 0.99 | |
| Coefficient Of Variation | (531.54) | |
| Mean Deviation | 1.16 | |
| Median | (0.75) | |
| Standard Deviation | 1.82 | |
| Sample Variance | 3.30 | |
| Range | 7.2438 | |
| R-Value | (0.32) | |
| Mean Square Error | 3.19 | |
| R-Squared | 0.10 | |
| Significance | 0.24 | |
| Slope | (0.13) | |
| Total Sum of Squares | 46.23 |
Precipio Return On Equity History
About Precipio Financial Statements
Precipio investors utilize fundamental indicators, such as Return On Equity, to predict how Precipio Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.41) | (0.43) |
Pair Trading with Precipio
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 Precipio 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 Precipio will appreciate offsetting losses from the drop in the long position's value.Moving against Precipio Stock
| 0.67 | LH | Laboratory | PairCorr |
| 0.57 | GH | Guardant Health | PairCorr |
| 0.53 | VEEV | Veeva Systems Class | PairCorr |
| 0.53 | VREX | Varex Imaging Corp | PairCorr |
| 0.51 | VVOS | Vivos Therapeutics | PairCorr |
The ability to find closely correlated positions to Precipio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precipio 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 Precipio - 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 Precipio to buy it.
The correlation of Precipio 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 Precipio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precipio 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 Precipio 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.Check out the analysis of Precipio Correlation against competitors. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Health Care Providers & Services 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 Precipio. If investors know Precipio 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 Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Revenue Per Share 11.73 | Quarterly Revenue Growth 0.257 | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio'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 Precipio's market value can be influenced by many factors that don't directly affect Precipio'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 Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio'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.