Provident Financial Shares Outstanding vs. Total Debt
| PQ3 Stock | EUR 19.60 0.20 1.03% |
For Provident Financial profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Provident Financial to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Provident Financial Services utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Provident Financial's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Provident Financial Services over time as well as its relative position and ranking within its peers.
Provident |
Provident Financial Total Debt vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Provident Financial's current stock value. Our valuation model uses many indicators to compare Provident Financial value to that of its competitors to determine the firm's financial worth. Provident Financial Services is considered to be number one stock in shares outstanding category among its peers. It also is rated top company in total debt category among its peers making up about 17.93 of Total Debt per Shares Outstanding. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Provident Financial's earnings, one of the primary drivers of an investment's value.Provident Total Debt vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Provident Financial |
| = | 75.17 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Provident Financial |
| = | 1.35 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Provident Total Debt vs Competition
Provident Financial Services is rated top company in total debt category among its peers. Total debt of Savings & Cooperative Banks industry is at this time estimated at about 205.46 Billion. Provident Financial maintains roughly 1.35 Billion in total debt contributing less than 1% to equities listed under Savings & Cooperative Banks industry.
Provident Financial Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Provident Financial, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Provident Financial will eventually generate negative long term returns. The profitability progress is the general direction of Provident Financial's change in net profit over the period of time. It can combine multiple indicators of Provident Financial, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company was founded in 18 and is headquartered in Jersey City, New Jersey. PROVIDENT FINL operates under Savings Cooperative Banks classification in Germany and is traded on Frankfurt Stock Exchange. It employs 959 people.
Provident Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Provident Financial. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Provident Financial position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Provident Financial's important profitability drivers and their relationship over time.
Use Provident Financial in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Provident Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Provident Financial will appreciate offsetting losses from the drop in the long position's value.Provident Financial Pair Trading
Provident Financial Services Pair Trading Analysis
The ability to find closely correlated positions to Provident Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Provident Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Provident Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Provident Financial Services to buy it.
The correlation of Provident Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Provident Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Provident Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Provident Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Provident Financial position
In addition to having Provident Financial in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies involved in production and services of recreational goods, foods, and accessories. The Recreation theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Provident Stock
When determining whether Provident Financial is a strong investment it is important to analyze Provident Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Provident Financial's future performance. For an informed investment choice regarding Provident Stock, refer to the following important reports:Check out Your Equity Center. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
To fully project Provident Financial's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Provident Financial at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Provident Financial's income statement, its balance sheet, and the statement of cash flows.