Professional Diversity Network Stock Market Value
| IPDN Stock | USD 0.73 0.04 5.19% |
| Symbol | Professional |
Professional Diversity Price To Book Ratio
Is Environmental & Facilities Services 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 Professional Diversity. If investors know Professional 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 Professional Diversity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.22) | Revenue Per Share 0.646 | Quarterly Revenue Growth (0.08) | Return On Assets (0.29) | Return On Equity (1.21) |
The market value of Professional Diversity is measured differently than its book value, which is the value of Professional that is recorded on the company's balance sheet. Investors also form their own opinion of Professional Diversity's value that differs from its market value or its book value, called intrinsic value, which is Professional Diversity'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 Professional Diversity's market value can be influenced by many factors that don't directly affect Professional Diversity'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 Professional Diversity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Professional Diversity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Professional Diversity'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.
Professional Diversity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Professional Diversity's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Professional Diversity.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Professional Diversity on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Professional Diversity Network or generate 0.0% return on investment in Professional Diversity over 720 days. Professional Diversity is related to or competes with Staffing 360, Caldwell Partners, Kelly Services, Mastech Holdings, Kforce, Hudson Global, and ManpowerGroup. Professional Diversity Network, Inc. operates online professional networking communities with career resources in the Un... More
Professional Diversity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Professional Diversity's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Professional Diversity Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.79 | |||
| Information Ratio | 0.1076 | |||
| Maximum Drawdown | 83.79 | |||
| Value At Risk | (8.75) | |||
| Potential Upside | 11.49 |
Professional Diversity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Professional Diversity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Professional Diversity's standard deviation. In reality, there are many statistical measures that can use Professional Diversity historical prices to predict the future Professional Diversity's volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 1.42 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.1711 | |||
| Treynor Ratio | (1.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Professional Diversity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Professional Diversity Backtested Returns
Professional Diversity is out of control given 3 months investment horizon. Professional Diversity maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use Professional Diversity Coefficient Of Variation of 835.78, semi deviation of 5.5, and Risk Adjusted Performance of 0.1008 to evaluate company specific risk that cannot be diversified away. Professional Diversity holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -1.13, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Professional Diversity are expected to decrease slowly. On the other hand, during market turmoil, Professional Diversity is expected to outperform it slightly. Use Professional Diversity maximum drawdown, as well as the relationship between the expected short fall and day median price , to analyze future returns on Professional Diversity.
Auto-correlation | 0.32 |
Below average predictability
Professional Diversity Network has below average predictability. Overlapping area represents the amount of predictability between Professional Diversity time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Professional Diversity price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Professional Diversity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Professional Diversity lagged returns against current returns
Autocorrelation, which is Professional Diversity stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Professional Diversity's stock expected returns. We can calculate the autocorrelation of Professional Diversity returns to help us make a trade decision. For example, suppose you find that Professional Diversity has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Professional Diversity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Professional Diversity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Professional Diversity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Professional Diversity stock over time.
Current vs Lagged Prices |
| Timeline |
Professional Diversity Lagged Returns
When evaluating Professional Diversity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Professional Diversity stock have on its future price. Professional Diversity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Professional Diversity autocorrelation shows the relationship between Professional Diversity stock current value and its past values and can show if there is a momentum factor associated with investing in Professional Diversity Network.
Regressed Prices |
| Timeline |
Pair Trading with Professional Diversity
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Professional Diversity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Professional Diversity will appreciate offsetting losses from the drop in the long position's value.Moving against Professional Stock
| 0.84 | DLHC | DLH Holdings Corp Earnings Call This Week | PairCorr |
| 0.8 | WHLM | Wilhelmina | PairCorr |
| 0.61 | VCIG | VCI Global Limited Trending | PairCorr |
| 0.42 | BCO | Brinks Company | PairCorr |
| 0.34 | FA | First Advantage Corp | PairCorr |
The ability to find closely correlated positions to Professional Diversity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Professional Diversity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Professional Diversity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Professional Diversity Network to buy it.
The correlation of Professional Diversity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Professional Diversity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Professional Diversity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Professional Diversity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Professional Diversity Correlation, Professional Diversity Volatility and Professional Diversity Alpha and Beta module to complement your research on Professional Diversity. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Professional Diversity 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.