Progyny Stock Market Value
| PGNY Stock | USD 22.09 0.07 0.32% |
| Symbol | Progyny |
Is Health Care Providers & 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 Progyny. If investors know Progyny 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 Progyny listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Progyny is measured differently than its book value, which is the value of Progyny that is recorded on the company's balance sheet. Investors also form their own opinion of Progyny's value that differs from its market value or its book value, called intrinsic value, which is Progyny'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 Progyny's market value can be influenced by many factors that don't directly affect Progyny'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 Progyny's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progyny is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progyny'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.
Progyny '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 Progyny'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 Progyny.
| 12/27/2024 |
| 01/26/2025 |
If you would invest 0.00 in Progyny on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Progyny or generate 0.0% return on investment in Progyny over 30 days. Progyny is related to or competes with Veeva Systems, Teladoc, Goodrx Holdings, 10X Genomics, Definitive Healthcare, National Research, and Evolent Health. Progyny, Inc., a benefits management company, specializes in fertility and family building benefits solutions for employ... More
Progyny 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 Progyny'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 Progyny upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.61 | |||
| Information Ratio | 0.1431 | |||
| Maximum Drawdown | 23.32 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 7.08 |
Progyny Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Progyny's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Progyny's standard deviation. In reality, there are many statistical measures that can use Progyny historical prices to predict the future Progyny's volatility.| Risk Adjusted Performance | 0.1405 | |||
| Jensen Alpha | 0.5999 | |||
| Total Risk Alpha | 0.4044 | |||
| Sortino Ratio | 0.1244 | |||
| Treynor Ratio | 1.44 |
Progyny Backtested Returns
Progyny appears to be not too volatile, given 3 months investment horizon. Progyny maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16 % return per unit of risk over the last 3 months. By analyzing Progyny's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please evaluate Progyny's Semi Deviation of 3.66, risk adjusted performance of 0.1405, and Coefficient Of Variation of 637.22 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Progyny holds a performance score of 12. The company holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Progyny's returns are expected to increase less than the market. However, during the bear market, the loss of holding Progyny is expected to be smaller as well. Please check Progyny's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Progyny's historical price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Progyny has very good predictability. Overlapping area represents the amount of predictability between Progyny time series from 27th of December 2024 to 11th of January 2025 and 11th of January 2025 to 26th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Progyny price movement. The serial correlation of 0.8 indicates that around 80.0% of current Progyny price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Progyny lagged returns against current returns
Autocorrelation, which is Progyny 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 Progyny's stock expected returns. We can calculate the autocorrelation of Progyny returns to help us make a trade decision. For example, suppose you find that Progyny 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 |
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Progyny 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 Progyny stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Progyny stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Progyny stock over time.
Current vs Lagged Prices |
| Timeline |
Progyny Lagged Returns
When evaluating Progyny's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Progyny stock have on its future price. Progyny 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, Progyny autocorrelation shows the relationship between Progyny stock current value and its past values and can show if there is a momentum factor associated with investing in Progyny.
Regressed Prices |
| Timeline |
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When running Progyny's price analysis, check to measure Progyny'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 Progyny is operating at the current time. Most of Progyny's value examination focuses on studying past and present price action to predict the probability of Progyny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progyny's price. Additionally, you may evaluate how the addition of Progyny to your portfolios can decrease your overall portfolio volatility.