PROVIDENT INC 725 Market Value
| 743862AA2 | 107.94 0.00 0.00% |
| Symbol | PROVIDENT |
PROVIDENT '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's bond 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.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in PROVIDENT on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding PROVIDENT INC 725 or generate 0.0% return on investment in PROVIDENT over 30 days. PROVIDENT is related to or competes with 00108WAF7, 90331HPL1, Bayerische Motoren, Check Point, LightPath Technologies, Visa, and Gilead Sciences. More
PROVIDENT 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's bond 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 INC 725 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9631 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.39 |
PROVIDENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PROVIDENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PROVIDENT's standard deviation. In reality, there are many statistical measures that can use PROVIDENT historical prices to predict the future PROVIDENT's volatility.| Risk Adjusted Performance | 0.0095 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
PROVIDENT INC 725 Backtested Returns
At this point, PROVIDENT is very steady. PROVIDENT INC 725 maintains Sharpe Ratio (i.e., Efficiency) of 0.0985, which implies the entity had a 0.0985 % return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for PROVIDENT INC 725, which you can use to evaluate the volatility of the bond. Please check PROVIDENT's semi deviation of 0.9433, and Risk Adjusted Performance of 0.0095 to confirm if the risk estimate we provide is consistent with the expected return of 0.0848%. The bond holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, PROVIDENT's returns are expected to increase less than the market. However, during the bear market, the loss of holding PROVIDENT is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
PROVIDENT INC 725 has poor reverse predictability. Overlapping area represents the amount of predictability between PROVIDENT time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. 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 INC 725 price movement. The serial correlation of -0.37 indicates that just about 37.0% of current PROVIDENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2.35 |
PROVIDENT INC 725 lagged returns against current returns
Autocorrelation, which is PROVIDENT bond'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's bond expected returns. We can calculate the autocorrelation of PROVIDENT returns to help us make a trade decision. For example, suppose you find that PROVIDENT has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PROVIDENT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PROVIDENT bond over time.
Current vs Lagged Prices |
| Timeline |
PROVIDENT Lagged Returns
When evaluating PROVIDENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PROVIDENT bond have on its future price. PROVIDENT 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 autocorrelation shows the relationship between PROVIDENT bond current value and its past values and can show if there is a momentum factor associated with investing in PROVIDENT INC 725.
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 PROVIDENT Bond
PROVIDENT financial ratios help investors to determine whether PROVIDENT Bond 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 PROVIDENT with respect to the benefits of owning PROVIDENT security.