Pro Dex Stock Market Value
| PDEX Stock | USD 42.33 5.30 11.13% |
| Symbol | Pro |
Pro Dex Price To Book Ratio
Is Health Care Equipment & Supplies 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 Pro Dex. If investors know Pro 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 Pro Dex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.089 | Earnings Share 1.52 | Revenue Per Share 16.573 | Quarterly Revenue Growth 0.247 | Return On Assets 0.1005 |
The market value of Pro Dex is measured differently than its book value, which is the value of Pro that is recorded on the company's balance sheet. Investors also form their own opinion of Pro Dex's value that differs from its market value or its book value, called intrinsic value, which is Pro Dex'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 Pro Dex's market value can be influenced by many factors that don't directly affect Pro Dex'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 Pro Dex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pro Dex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pro Dex'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.
Pro Dex '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 Pro Dex'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 Pro Dex.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Pro Dex on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pro Dex or generate 0.0% return on investment in Pro Dex over 30 days. Pro Dex is related to or competes with Coloplast, Straumann Holding, Nephros, InfuSystems Holdings, LeMaitre Vascular, Utah Medical, and Milestone Scientific. Pro-Dex, Inc. designs, develops, manufactures, and sells powered surgical instruments for medical device original equipm... More
Pro Dex 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 Pro Dex'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 Pro Dex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.66 | |||
| Information Ratio | 0.2075 | |||
| Maximum Drawdown | 28.08 | |||
| Value At Risk | (9.00) | |||
| Potential Upside | 9.99 |
Pro Dex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pro Dex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pro Dex's standard deviation. In reality, there are many statistical measures that can use Pro Dex historical prices to predict the future Pro Dex's volatility.| Risk Adjusted Performance | 0.182 | |||
| Jensen Alpha | 1.11 | |||
| Total Risk Alpha | 0.5229 | |||
| Sortino Ratio | 0.2015 | |||
| Treynor Ratio | 0.9393 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pro Dex'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.
Pro Dex Backtested Returns
Pro Dex is not too volatile given 3 months investment horizon. Pro Dex maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use Pro Dex Risk Adjusted Performance of 0.182, semi deviation of 4.33, and Coefficient Of Variation of 439.81 to evaluate company specific risk that cannot be diversified away. Pro Dex holds a performance score of 17 on a scale of zero to a hundred. The company holds a Beta of 1.32, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pro Dex will likely underperform. Use Pro Dex skewness, and the relationship between the value at risk and day median price , to analyze future returns on Pro Dex.
Auto-correlation | -0.23 |
Weak reverse predictability
Pro Dex has weak reverse predictability. Overlapping area represents the amount of predictability between Pro Dex time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Pro Dex price movement. The serial correlation of -0.23 indicates that over 23.0% of current Pro Dex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 7.51 |
Pro Dex lagged returns against current returns
Autocorrelation, which is Pro Dex 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 Pro Dex's stock expected returns. We can calculate the autocorrelation of Pro Dex returns to help us make a trade decision. For example, suppose you find that Pro Dex 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 |
Pro Dex 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 Pro Dex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pro Dex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pro Dex stock over time.
Current vs Lagged Prices |
| Timeline |
Pro Dex Lagged Returns
When evaluating Pro Dex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pro Dex stock have on its future price. Pro Dex 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, Pro Dex autocorrelation shows the relationship between Pro Dex stock current value and its past values and can show if there is a momentum factor associated with investing in Pro Dex.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Pro Stock Analysis
When running Pro Dex's price analysis, check to measure Pro Dex's 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 Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.