PROVIDENT INC 725 Buy Hold or Sell Recommendation
| 743862AA2 | 107.94 0.00 0.00% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding PROVIDENT INC 725 is 'Sell'. Macroaxis provides PROVIDENT buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding 743862AA2 positions.
Check out PROVIDENT 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. Also, note that the market value of any corporate bond could be closely tied with the direction of predictive economic indicators such as signals in nation.
PROVIDENT |
Execute PROVIDENT Buy or Sell Advice
The PROVIDENT recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on PROVIDENT INC 725. Macroaxis does not own or have any residual interests in PROVIDENT INC 725 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute PROVIDENT's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds of Default | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details |
PROVIDENT Returns Distribution Density
The distribution of PROVIDENT's historical returns is an attempt to chart the uncertainty of PROVIDENT's future price movements. The chart of the probability distribution of PROVIDENT daily returns describes the distribution of returns around its average expected value. We use PROVIDENT INC 725 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of PROVIDENT returns is essential to provide solid investment advice for PROVIDENT.
| Mean Return | 0.01 | Value At Risk | -1.5 | Potential Upside | 1.39 | Standard Deviation | 1.02 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of PROVIDENT 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.
PROVIDENT 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 PROVIDENT or Insurance 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 PROVIDENT's price will be affected by overall bond 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 PROVIDENT bond'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 | -0.009 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.86 | |
Ir | Information ratio | -0.07 |
PROVIDENT Volatility Alert
PROVIDENT INC 725 has low volatility with Treynor Ratio of -0.01, Maximum Drawdown of 7.31 and kurtosis of 4.6. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure PROVIDENT's bond risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact PROVIDENT's bond price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.PROVIDENT Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as PROVIDENT . 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.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 107.94 | |||
| Day Typical Price | 107.94 |
About PROVIDENT Buy or Sell Advice
When is the right time to buy or sell PROVIDENT INC 725? Buying financial instruments such as PROVIDENT Bond 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 PROVIDENT 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 Conservative Funds Thematic Idea Now
Conservative Funds
Funds or Etfs that invest using buy-and-hold investment strategy in companies with consistent growth over many years of operation. The Conservative Funds theme has 43 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 Conservative Funds Theme or any other thematic opportunities.
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Other Information on Investing in PROVIDENT Bond
PROVIDENT financial ratios help investors to determine whether PROVIDENT Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PROVIDENT with respect to the benefits of owning PROVIDENT security.