Providence Resources Stock Buy Hold or Sell Recommendation
| PVRS Stock | USD 0.01 0 20.00% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Providence Resources is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Providence Resources given historical horizon and risk tolerance towards Providence Resources. When Macroaxis issues a 'buy' or 'sell' recommendation for Providence Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Providence Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Providence and provide practical buy, sell, or hold advice based on investors' constraints. Providence Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Providence |
Execute Providence Resources Buy or Sell Advice
The Providence recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Providence Resources. Macroaxis does not own or have any residual interests in Providence Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Providence Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Providence Resources Trading Alerts and Improvement Suggestions
| Providence Resources generated a negative expected return over the last 90 days | |
| Providence Resources has high historical volatility and very poor performance | |
| Providence Resources has some characteristics of a very speculative penny stock | |
| Providence Resources has a very high chance of going through financial distress in the upcoming years | |
| Providence Resources currently holds 14.65 M in liabilities. Providence Resources has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Providence Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Providence Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Providence Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Providence to invest in growth at high rates of return. When we think about Providence Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Providence Resources currently holds about 3.99 K in cash with (175.76 K) of positive cash flow from operations. |
Providence Resources Returns Distribution Density
The distribution of Providence Resources' historical returns is an attempt to chart the uncertainty of Providence Resources' future price movements. The chart of the probability distribution of Providence Resources daily returns describes the distribution of returns around its average expected value. We use Providence Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Providence Resources returns is essential to provide solid investment advice for Providence Resources.
| Mean Return | -0.2 | Value At Risk | 0.00 | Potential Upside | 0.00 | Standard Deviation | 10.63 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Providence Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Providence Resources Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Providence Resources or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Providence Resources' price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Providence pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 10.71 | |
Ir | Information ratio | -0.03 |
Providence Resources Volatility Alert
Providence Resources is displaying above-average volatility over the selected time horizon. Providence Resources is a penny stock. Even though Providence Resources may be a good instrument to invest, many penny pink sheets are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Providence Resources or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Providence instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Providence Resources Fundamentals Vs Peers
Comparing Providence Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Providence Resources' direct or indirect competition across all of the common fundamentals between Providence Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Providence Resources or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Providence Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Providence Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Providence Resources to competition |
| Fundamentals | Providence Resources | Peer Average |
| Return On Asset | -0.0901 | -0.14 |
| Current Valuation | 11.34 M | 16.62 B |
| Shares Outstanding | 24.85 M | 571.82 M |
| Price To Earning | (0.06) X | 28.72 X |
| Price To Book | 2.84 X | 9.51 X |
| Net Income | (1.7 M) | 570.98 M |
| Cash And Equivalents | 3.99 K | 2.7 B |
| Total Debt | 14.65 M | 5.32 B |
| Current Ratio | 0.95 X | 2.16 X |
| Book Value Per Share | (0.72) X | 1.93 K |
| Cash Flow From Operations | (175.76 K) | 971.22 M |
| Earnings Per Share | (0.14) X | 3.12 X |
| Number Of Employees | 1 | 18.84 K |
| Beta | -4.44 | -0.15 |
| Market Capitalization | 795.09 K | 19.03 B |
| Total Asset | 1.05 M | 29.47 B |
| Retained Earnings | (70.34 M) | 9.33 B |
| Working Capital | (54 K) | 1.48 B |
| Current Asset | 1 M | 9.34 B |
| Current Liabilities | 1.06 M | 7.9 B |
| Z Score | -92.4 | 8.72 |
| Net Asset | 1.05 M |
Providence Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Providence . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.8 | |||
| Day Median Price | 0.0052 | |||
| Day Typical Price | 0.0052 | |||
| Price Action Indicator | (0.0006) | |||
| Period Momentum Indicator | (0) |
About Providence Resources Buy or Sell Advice
When is the right time to buy or sell Providence Resources? Buying financial instruments such as Providence Pink Sheet isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Providence Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cars Thematic Idea Now
Cars
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cars Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Providence Pink Sheet Analysis
When running Providence Resources' price analysis, check to measure Providence Resources' 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 Providence Resources is operating at the current time. Most of Providence Resources' value examination focuses on studying past and present price action to predict the probability of Providence Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Providence Resources' price. Additionally, you may evaluate how the addition of Providence Resources to your portfolios can decrease your overall portfolio volatility.