Proassurance Stock Alpha and Beta Analysis
| PRA Stock | USD 16.75 0.11 0.66% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ProAssurance. It also helps investors analyze the systematic and unsystematic risks associated with investing in ProAssurance over a specified time horizon. Remember, high ProAssurance's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to ProAssurance's market risk premium analysis include:
Beta 1.84 | Alpha 0.077 | Risk 2.17 | Sharpe Ratio 0.17 | Expected Return 0.36 |
ProAssurance Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
ProAssurance |
ProAssurance Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ProAssurance market risk premium is the additional return an investor will receive from holding ProAssurance long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProAssurance. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate ProAssurance's performance over market.| α | 0.08 | β | 1.84 |
ProAssurance expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ProAssurance's Buy-and-hold return. Our buy-and-hold chart shows how ProAssurance performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.ProAssurance Market Price Analysis
Market price analysis indicators help investors to evaluate how ProAssurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProAssurance shares will generate the highest return on investment. By understating and applying ProAssurance stock market price indicators, traders can identify ProAssurance position entry and exit signals to maximize returns.
ProAssurance Return and Market Media
The median price of ProAssurance for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 14.89 with a coefficient of variation of 8.62. The daily time series for the period is distributed with a sample standard deviation of 1.28, arithmetic mean of 14.82, and mean deviation of 1.04. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Following a 23 percent decline over last year, recent gains may please ProAssurance Corporation institutional owners | 09/25/2024 |
2 | PRA Group Announces Amendment and Extension of North American and United Kingdom Credit Agreements | 10/31/2024 |
3 | NMI Holdings Surpasses Q3 Earnings and Revenue Estimates | 11/06/2024 |
4 | ProAssurance earnings beat by 0.20, revenue topped estimates | 11/07/2024 |
5 | ProAssurance Q3 Earnings Taking a Look at Key Metrics Versus Estimates | 11/08/2024 |
6 | Tom Kemp Named Interim Chief Executive Officer of PRA | 11/13/2024 |
7 | PRA Group Announces Pricing of Upsized Offering of Additional 150.0 Million of Senior Notes due 2030 | 11/20/2024 |
8 | Leading Business Events Management Company, PRA Acquires Island Style Innovations in Hawaii | 11/25/2024 |
About ProAssurance Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including ProAssurance or other stocks. Alpha measures the amount that position in ProAssurance has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.00788 | 0.0114 | 0.00741 | 0.007039 | Price To Sales Ratio | 1.27 | 0.86 | 0.64 | 0.61 |
ProAssurance Upcoming Company Events
As portrayed in its financial statements, the presentation of ProAssurance's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ProAssurance's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ProAssurance's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ProAssurance. Please utilize our Beneish M Score to check the likelihood of ProAssurance's management manipulating its earnings.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out ProAssurance Backtesting, ProAssurance Valuation, ProAssurance Correlation, ProAssurance Hype Analysis, ProAssurance Volatility, ProAssurance History and analyze ProAssurance Performance. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
ProAssurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.