Progress Software Stock Market Value
| PRGS Stock | USD 69.89 0.64 0.92% |
| Symbol | Progress |
Progress Software Price To Book Ratio
Is Systems Software 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 Progress Software. If investors know Progress 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 Progress Software 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 0.548 | Dividend Share 0.7 | Earnings Share 1.86 | Revenue Per Share 16.483 | Quarterly Revenue Growth 0.021 |
The market value of Progress Software is measured differently than its book value, which is the value of Progress that is recorded on the company's balance sheet. Investors also form their own opinion of Progress Software's value that differs from its market value or its book value, called intrinsic value, which is Progress Software'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 Progress Software's market value can be influenced by many factors that don't directly affect Progress Software'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 Progress Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progress Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progress Software'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.
Progress Software '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 Progress Software'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 Progress Software.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Progress Software on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Progress Software or generate 0.0% return on investment in Progress Software over 30 days. Progress Software is related to or competes with EPlus, Agilysys, Sapiens International, PDF Solutions, PROS Holdings, Paycor HCM, and Envestnet. Progress Software Corporation develops, deploys, and manages business applications More
Progress Software 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 Progress Software'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 Progress Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.1018 | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 2.49 |
Progress Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Progress Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Progress Software's standard deviation. In reality, there are many statistical measures that can use Progress Software historical prices to predict the future Progress Software's volatility.| Risk Adjusted Performance | 0.1367 | |||
| Jensen Alpha | 0.2368 | |||
| Total Risk Alpha | 0.0146 | |||
| Sortino Ratio | 0.1839 | |||
| Treynor Ratio | 0.4861 |
Progress Software Backtested Returns
Progress Software appears to be very steady, given 3 months investment horizon. Progress Software maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Progress Software, which you can use to evaluate the volatility of the company. Please evaluate Progress Software's Semi Deviation of 0.6966, risk adjusted performance of 0.1367, and Coefficient Of Variation of 586.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Progress Software holds a performance score of 13. The company holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Progress Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Progress Software is expected to be smaller as well. Please check Progress Software's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Progress Software's historical price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Progress Software has good predictability. Overlapping area represents the amount of predictability between Progress Software time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Progress Software price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Progress Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
Progress Software lagged returns against current returns
Autocorrelation, which is Progress Software 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 Progress Software's stock expected returns. We can calculate the autocorrelation of Progress Software returns to help us make a trade decision. For example, suppose you find that Progress Software 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 |
Progress Software 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 Progress Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Progress Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Progress Software stock over time.
Current vs Lagged Prices |
| Timeline |
Progress Software Lagged Returns
When evaluating Progress Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Progress Software stock have on its future price. Progress Software 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, Progress Software autocorrelation shows the relationship between Progress Software stock current value and its past values and can show if there is a momentum factor associated with investing in Progress Software.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Progress Stock Analysis
When running Progress Software's price analysis, check to measure Progress Software'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 Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.