Provident Bancorp Stock Probability of Future Stock Price Finishing Over 10.33
| PVBC Stock | USD 11.48 0.10 0.86% |
Provident |
Provident Bancorp Target Price Odds to finish over 10.33
The tendency of Provident Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 10.33 in 90 days |
| 11.48 | 90 days | 10.33 | about 84.82 |
Based on a normal probability distribution, the odds of Provident Bancorp to stay above $ 10.33 in 90 days from now is about 84.82 (This Provident Bancorp probability density function shows the probability of Provident Stock to fall within a particular range of prices over 90 days) . Probability of Provident Bancorp price to stay between $ 10.33 and its current price of $11.48 at the end of the 90-day period is about 83.61 .
Given the investment horizon of 90 days Provident Bancorp has a beta of 0.4 indicating as returns on the market go up, Provident Bancorp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Provident Bancorp will be expected to be much smaller as well. Additionally Provident Bancorp has an alpha of 0.084, implying that it can generate a 0.084 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Provident Bancorp Price Density |
| Price |
Predictive Modules for Provident Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Provident Bancorp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Provident Bancorp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Provident Bancorp is not an exception. The market had few large corrections towards the Provident Bancorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Provident Bancorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Provident Bancorp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.40 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | 0.01 |
Provident Bancorp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Provident Bancorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Provident Bancorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from simplywall.st: Insider Spends US115k Buying More Shares In Provident Bancorp |
Provident Bancorp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Provident Stock often depends not only on the future outlook of the current and potential Provident Bancorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Provident Bancorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.6 M | |
| Cash And Short Term Investments | 220.3 M |
Provident Bancorp Technical Analysis
Provident Bancorp's future price can be derived by breaking down and analyzing its technical indicators over time. Provident Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Provident Bancorp. In general, you should focus on analyzing Provident Stock price patterns and their correlations with different microeconomic environments and drivers.
Provident Bancorp Predictive Forecast Models
Provident Bancorp's time-series forecasting models is one of many Provident Bancorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Provident Bancorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Provident Bancorp
Checking the ongoing alerts about Provident Bancorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Provident Bancorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from simplywall.st: Insider Spends US115k Buying More Shares In Provident Bancorp |
Check out Provident Bancorp Backtesting, Provident Bancorp Valuation, Provident Bancorp Correlation, Provident Bancorp Hype Analysis, Provident Bancorp Volatility, Provident Bancorp History as well as Provident Bancorp Performance. For information on how to trade Provident Stock refer to our How to Trade Provident Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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 Bancorp. 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 Bancorp 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 (0.73) | Earnings Share 0.32 | Revenue Per Share 3.314 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0031 |
The market value of Provident Bancorp 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 Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Provident Bancorp'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 Bancorp's market value can be influenced by many factors that don't directly affect Provident Bancorp'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 Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Bancorp'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.