PROVIDENT INC 725 Performance
| 743862AA2 | 107.07 1.22 1.15% |
The bond holds a Beta of -0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PROVIDENT are expected to decrease at a much lower rate. During the bear market, PROVIDENT is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days PROVIDENT INC 725 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest uncertain performance, the Bond's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for PROVIDENT INC 725 investors. ...more
| Yield To Maturity | 6.098 |
PROVIDENT |
PROVIDENT Relative Risk vs. Return Landscape
If you would invest 10,719 in PROVIDENT INC 725 on December 11, 2024 and sell it today you would lose (435.00) from holding PROVIDENT INC 725 or give up 4.06% of portfolio value over 90 days. PROVIDENT INC 725 is generating negative expected returns and assumes 1.0745% volatility on return distribution over the 90 days horizon. Simply put, 9% of bonds are less volatile than PROVIDENT, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PROVIDENT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PROVIDENT's investment risk. Standard deviation is the most common way to measure market volatility of bonds, such as PROVIDENT INC 725, and traders can use it to determine the average amount a PROVIDENT's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1048
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| Negative Returns | 743862AA2 |
Estimated Market Risk
| 1.07 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average PROVIDENT is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PROVIDENT by adding PROVIDENT to a well-diversified portfolio.
About PROVIDENT Performance
By analyzing PROVIDENT's fundamental ratios, stakeholders can gain valuable insights into PROVIDENT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if PROVIDENT has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if PROVIDENT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Provident Companies, Inc. is a holding company whose subsidiaries are involved in life and health insurance. The Company does business in the United States, Puerto Rico, and Canada. Provident offers individual life, disability, and annuity products through general agents, brokers, and corporations.| PROVIDENT INC 725 generated a negative expected return over the last 90 days | |
| Latest headline from gurufocus.com: Hudson Technologies Reports Fourth Quarter and Year End 2024 Results |
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.