Priority Technology Holdings Stock Market Value
| PRTH Stock | USD 8.35 0.21 2.45% |
| Symbol | Priority |
Priority Technology Price To Book Ratio
Is Transaction & Payment Processing 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 Priority Technology. If investors know Priority 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 Priority Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 10.913 | Quarterly Revenue Growth 0.201 | Return On Assets 0.0474 | Return On Equity 0.5639 |
The market value of Priority Technology is measured differently than its book value, which is the value of Priority that is recorded on the company's balance sheet. Investors also form their own opinion of Priority Technology's value that differs from its market value or its book value, called intrinsic value, which is Priority Technology'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 Priority Technology's market value can be influenced by many factors that don't directly affect Priority Technology'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 Priority Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Priority Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Priority Technology'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.
Priority Technology '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 Priority Technology'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 Priority Technology.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Priority Technology on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Priority Technology Holdings or generate 0.0% return on investment in Priority Technology over 30 days. Priority Technology is related to or competes with Lesaka Technologies, CSG Systems, OneSpan, Sangoma Technologies, NetScout Systems, Consensus Cloud, and Secureworks Corp. Priority Technology Holdings, Inc. operates as a payment technology company in the United States More
Priority Technology 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 Priority Technology'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 Priority Technology Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.64 | |||
| Information Ratio | 0.1772 | |||
| Maximum Drawdown | 20.74 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 11.49 |
Priority Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Priority Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Priority Technology's standard deviation. In reality, there are many statistical measures that can use Priority Technology historical prices to predict the future Priority Technology's volatility.| Risk Adjusted Performance | 0.1559 | |||
| Jensen Alpha | 0.7069 | |||
| Total Risk Alpha | 0.4145 | |||
| Sortino Ratio | 0.2511 | |||
| Treynor Ratio | 0.2918 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Priority Technology'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.
Priority Technology Backtested Returns
Priority Technology appears to be moderately volatile, given 3 months investment horizon. Priority Technology 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. By analyzing Priority Technology's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please evaluate Priority Technology's Risk Adjusted Performance of 0.1559, semi deviation of 3.22, and Coefficient Of Variation of 511.12 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Priority Technology holds a performance score of 13. The company holds a Beta of 3.43, 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, Priority Technology will likely underperform. Please check Priority Technology's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Priority Technology's historical price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Priority Technology Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Priority Technology time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Priority Technology price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Priority Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Priority Technology lagged returns against current returns
Autocorrelation, which is Priority Technology 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 Priority Technology's stock expected returns. We can calculate the autocorrelation of Priority Technology returns to help us make a trade decision. For example, suppose you find that Priority Technology 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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Priority Technology 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 Priority Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Priority Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Priority Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Priority Technology Lagged Returns
When evaluating Priority Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Priority Technology stock have on its future price. Priority Technology 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, Priority Technology autocorrelation shows the relationship between Priority Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Priority Technology Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Priority Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Priority Technology's 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 Priority Technology Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Priority Technology Holdings Stock:Check out Priority Technology Correlation, Priority Technology Volatility and Priority Technology Alpha and Beta module to complement your research on Priority Technology. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Priority Technology 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.