Provident Bancorp Stock Market Value
| PVBC Stock | USD 11.48 0.10 0.86% |
| Symbol | Provident |
Provident Bancorp Price To Book Ratio
Is Regional 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 Provident Bancorp. If investors know Provident 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 Provident Bancorp 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 (0.73) | Earnings Share 0.32 | Revenue Per Share 3.314 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0031 |
The market value of Provident Bancorp is measured differently than its book value, which is the value of Provident that is recorded on the company's balance sheet. Investors also form their own opinion of Provident Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Provident Bancorp'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 Provident Bancorp's market value can be influenced by many factors that don't directly affect Provident Bancorp'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 Provident Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Bancorp'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.
Provident Bancorp '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 Provident Bancorp'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 Provident Bancorp.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Provident Bancorp on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Provident Bancorp or generate 0.0% return on investment in Provident Bancorp over 390 days. Provident Bancorp is related to or competes with Home Federal, Community West, First Financial, First Northwest, First Capital, Magyar Bancorp, and Southern States. Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial serv... More
Provident Bancorp 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 Provident Bancorp'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 Provident Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0353 | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 3.45 |
Provident Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Provident Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Provident Bancorp's standard deviation. In reality, there are many statistical measures that can use Provident Bancorp historical prices to predict the future Provident Bancorp's volatility.| Risk Adjusted Performance | 0.0888 | |||
| Jensen Alpha | 0.1484 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.037 | |||
| Treynor Ratio | 0.5428 |
Provident Bancorp Backtested Returns
At this point, Provident Bancorp is not too volatile. Provident Bancorp maintains Sharpe Ratio (i.e., Efficiency) of 0.0665, which implies the firm had a 0.0665% return per unit of risk over the last 3 months. We have found thirty technical indicators for Provident Bancorp, which you can use to evaluate the volatility of the company. Please check Provident Bancorp's Semi Deviation of 1.5, coefficient of variation of 922.95, and Risk Adjusted Performance of 0.0888 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Provident Bancorp has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Provident Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Provident Bancorp is expected to be smaller as well. Provident Bancorp right now holds a risk of 1.75%. Please check Provident Bancorp expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Provident Bancorp will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Provident Bancorp has no correlation between past and present. Overlapping area represents the amount of predictability between Provident Bancorp time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Provident Bancorp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Provident Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Provident Bancorp lagged returns against current returns
Autocorrelation, which is Provident Bancorp 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 Provident Bancorp's stock expected returns. We can calculate the autocorrelation of Provident Bancorp returns to help us make a trade decision. For example, suppose you find that Provident Bancorp 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 |
Provident Bancorp 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 Provident Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Provident Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Provident Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Provident Bancorp Lagged Returns
When evaluating Provident Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Provident Bancorp stock have on its future price. Provident Bancorp 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, Provident Bancorp autocorrelation shows the relationship between Provident Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Provident Bancorp.
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 Provident Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Provident Bancorp'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 Provident Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Provident Bancorp Stock:Check out Provident Bancorp Correlation, Provident Bancorp Volatility and Provident Bancorp Alpha and Beta module to complement your research on Provident Bancorp. For information on how to trade Provident Stock refer to our How to Trade Provident Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Provident Bancorp 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.