Proto Labs Stock Market Value
| PRLB Stock | USD 39.74 0.49 1.25% |
| Symbol | Proto |
Proto Labs Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Proto Labs. If investors know Proto 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 Proto Labs 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 (0.06) | Earnings Share 0.94 | Revenue Per Share 19.816 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0242 |
The market value of Proto Labs is measured differently than its book value, which is the value of Proto that is recorded on the company's balance sheet. Investors also form their own opinion of Proto Labs' value that differs from its market value or its book value, called intrinsic value, which is Proto Labs' 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 Proto Labs' market value can be influenced by many factors that don't directly affect Proto Labs' 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 Proto Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Proto Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proto Labs' 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.
Proto Labs '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 Proto Labs' 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 Proto Labs.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Proto Labs on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Proto Labs or generate 0.0% return on investment in Proto Labs over 30 days. Proto Labs is related to or competes with Northwest Pipe, Tredegar, Insteel Industries, Ryerson Holding, Haynes International, ESAB Corp, and Mayville Engineering. Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom protot... More
Proto Labs 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 Proto Labs' 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 Proto Labs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0833 | |||
| Maximum Drawdown | 49.58 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 5.08 |
Proto Labs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Proto Labs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Proto Labs' standard deviation. In reality, there are many statistical measures that can use Proto Labs historical prices to predict the future Proto Labs' volatility.| Risk Adjusted Performance | 0.0843 | |||
| Jensen Alpha | 0.2685 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1659 | |||
| Treynor Ratio | 0.1671 |
Proto Labs Backtested Returns
Proto Labs appears to be not too volatile, given 3 months investment horizon. Proto Labs maintains Sharpe Ratio (i.e., Efficiency) of 0.0923, which implies the firm had a 0.0923% return per unit of risk over the last 3 months. By analyzing Proto Labs' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Proto Labs' Risk Adjusted Performance of 0.0843, coefficient of variation of 995.48, and Semi Deviation of 2.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Proto Labs holds a performance score of 7. The company holds a Beta of 3.29, 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, Proto Labs will likely underperform. Please check Proto Labs' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Proto Labs' historical price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Proto Labs has insignificant reverse predictability. Overlapping area represents the amount of predictability between Proto Labs 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 Proto Labs price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Proto Labs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Proto Labs lagged returns against current returns
Autocorrelation, which is Proto Labs 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 Proto Labs' stock expected returns. We can calculate the autocorrelation of Proto Labs returns to help us make a trade decision. For example, suppose you find that Proto Labs 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 |
Proto Labs 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 Proto Labs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Proto Labs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Proto Labs stock over time.
Current vs Lagged Prices |
| Timeline |
Proto Labs Lagged Returns
When evaluating Proto Labs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Proto Labs stock have on its future price. Proto Labs 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, Proto Labs autocorrelation shows the relationship between Proto Labs stock current value and its past values and can show if there is a momentum factor associated with investing in Proto Labs.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Proto Labs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Proto Labs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proto Labs Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Proto Labs Stock:Check out Proto Labs Correlation, Proto Labs Volatility and Proto Labs Alpha and Beta module to complement your research on Proto Labs. For information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Proto Labs 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.