Prospect Capital Preferred Stock Market Value
| PSEC-PA Preferred Stock | 19.15 0.10 0.52% |
| Symbol | Prospect |
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 preferred 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.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Prospect Capital on June 4, 2023 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 540 days. Prospect Capital is related to or competes with PennyMac Mortgage, SiriusPoint, Telephone, ARMOUR Residential, and Ready Capital. 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 preferred 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.
| Downside Deviation | 2.31 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.21 |
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 | 0.0098 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
Prospect Capital Backtested Returns
At this point, Prospect Capital is not too volatile. Prospect Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.0299, which implies the firm had a 0.0299% return per unit of risk over the last 3 months. We have found thirty technical indicators for Prospect Capital, which you can use to evaluate the volatility of the company. Please check Prospect Capital's Coefficient Of Variation of 23100.74, semi deviation of 2.27, and Risk Adjusted Performance of 0.0098 to confirm if the risk estimate we provide is consistent with the expected return of 0.0615%. Prospect Capital has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.19, 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. Prospect Capital right now holds a risk of 2.06%. Please check Prospect Capital treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Prospect Capital will be following its historical price patterns.
Auto-correlation | 0.82 |
Very good predictability
Prospect Capital has very good predictability. Overlapping area represents the amount of predictability between Prospect Capital time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 0.82 indicates that around 82.0% of current Prospect Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
Prospect Capital lagged returns against current returns
Autocorrelation, which is Prospect Capital preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prospect Capital preferred 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 preferred 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 preferred 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 preferred 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.Other Information on Investing in Prospect Preferred Stock
Prospect Capital financial ratios help investors to determine whether Prospect Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prospect with respect to the benefits of owning Prospect Capital security.