Prospect Capital Stock Market Value
| PSEC Stock | USD 4.65 0.06 1.31% |
| Symbol | Prospect |
Prospect Capital Price To Book Ratio
Is Asset Management & Custody Banks 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 Prospect Capital. If investors know Prospect 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 Prospect Capital 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 (0.78) | Dividend Share 0.72 | Earnings Share (0.25) | Revenue Per Share 1.961 | Quarterly Revenue Growth (0.17) |
The market value of Prospect Capital is measured differently than its book value, which is the value of Prospect that is recorded on the company's balance sheet. Investors also form their own opinion of Prospect Capital's value that differs from its market value or its book value, called intrinsic value, which is Prospect Capital'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 Prospect Capital's market value can be influenced by many factors that don't directly affect Prospect Capital'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 Prospect Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prospect Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prospect Capital'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.
Prospect Capital '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 Prospect Capital'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 Prospect Capital.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Prospect Capital on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Prospect Capital or generate 0.0% return on investment in Prospect Capital over 30 days. Prospect Capital is related to or competes with Gladstone Capital, Horizon Technology, Gladstone Investment, Stellus Capital, PennantPark Floating, Ares Capital, and Hercules Capital. Prospect Capital Corporation is a business development company More
Prospect Capital 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 Prospect Capital'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 Prospect Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 19.03 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.34 |
Prospect Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prospect Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prospect Capital's standard deviation. In reality, there are many statistical measures that can use Prospect Capital historical prices to predict the future Prospect Capital's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prospect Capital'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.
Prospect Capital Backtested Returns
Prospect Capital maintains Sharpe Ratio (i.e., Efficiency) of -0.013, which implies the firm had a -0.013% return per unit of risk over the last 3 months. Prospect Capital exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prospect Capital's Coefficient Of Variation of (3,418), risk adjusted performance of (0.02), and Variance of 4.99 to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prospect Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prospect Capital is expected to be smaller as well. At this point, Prospect Capital has a negative expected return of -0.0293%. Please make sure to check Prospect Capital's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Prospect Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Prospect Capital has very weak reverse predictability. Overlapping area represents the amount of predictability between Prospect Capital 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 Prospect Capital price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Prospect Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Prospect Capital lagged returns against current returns
Autocorrelation, which is Prospect Capital 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 Prospect Capital's stock expected returns. We can calculate the autocorrelation of Prospect Capital returns to help us make a trade decision. For example, suppose you find that Prospect Capital 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 |
Prospect Capital 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 Prospect Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prospect Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prospect Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Prospect Capital Lagged Returns
When evaluating Prospect Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prospect Capital stock have on its future price. Prospect Capital 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, Prospect Capital autocorrelation shows the relationship between Prospect Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Prospect Capital.
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 Prospect Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Prospect Capital'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 Prospect Capital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Prospect Capital Stock:Check out Prospect Capital Correlation, Prospect Capital Volatility and Prospect Capital Alpha and Beta module to complement your research on Prospect Capital. For information on how to trade Prospect Stock refer to our How to Trade Prospect Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Prospect Capital 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.