Proassurance Stock Probability of Future Stock Price Finishing Over 22.88
| PRA Stock | USD 15.66 0.30 1.88% |
ProAssurance |
ProAssurance Target Price Odds to finish over 22.88
The tendency of ProAssurance Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 22.88 or more in 90 days |
| 15.66 | 90 days | 22.88 | near 1 |
Based on a normal probability distribution, the odds of ProAssurance to move over $ 22.88 or more in 90 days from now is near 1 (This ProAssurance probability density function shows the probability of ProAssurance Stock to fall within a particular range of prices over 90 days) . Probability of ProAssurance price to stay between its current price of $ 15.66 and $ 22.88 at the end of the 90-day period is about 56.98 .
Considering the 90-day investment horizon ProAssurance has a beta of 0.38 indicating as returns on the market go up, ProAssurance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ProAssurance will be expected to be much smaller as well. Additionally ProAssurance has an alpha of 0.1609, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ProAssurance Price Density |
| Price |
Predictive Modules for ProAssurance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProAssurance. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.ProAssurance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ProAssurance is not an exception. The market had few large corrections towards the ProAssurance's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ProAssurance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ProAssurance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 0.91 | |
Ir | Information ratio | 0.06 |
ProAssurance Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ProAssurance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ProAssurance can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 1.14 B. Reported Net Loss for the year was (38.6 M) with profit before taxes, overhead, and interest of 196.75 M. | |
| ProAssurance has about 29.96 M in cash with (49.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.52. | |
| ProAssurance has a frail financial position based on the latest SEC disclosures | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: 0.9 percent earnings growth over 5 years has not materialized into gains for ProAssurance shareholders over that period |
ProAssurance Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ProAssurance Stock often depends not only on the future outlook of the current and potential ProAssurance's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ProAssurance's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 52.8 M | |
| Cash And Short Term Investments | 65.9 M |
ProAssurance Technical Analysis
ProAssurance's future price can be derived by breaking down and analyzing its technical indicators over time. ProAssurance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ProAssurance. In general, you should focus on analyzing ProAssurance Stock price patterns and their correlations with different microeconomic environments and drivers.
ProAssurance Predictive Forecast Models
ProAssurance's time-series forecasting models is one of many ProAssurance's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ProAssurance's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about ProAssurance
Checking the ongoing alerts about ProAssurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ProAssurance help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the last year's revenue of 1.14 B. Reported Net Loss for the year was (38.6 M) with profit before taxes, overhead, and interest of 196.75 M. | |
| ProAssurance has about 29.96 M in cash with (49.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.52. | |
| ProAssurance has a frail financial position based on the latest SEC disclosures | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: 0.9 percent earnings growth over 5 years has not materialized into gains for ProAssurance shareholders over that period |
Check out ProAssurance Backtesting, ProAssurance Valuation, ProAssurance Correlation, ProAssurance Hype Analysis, ProAssurance Volatility, ProAssurance History as well as ProAssurance Performance. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Property & Casualty Insurance 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 ProAssurance. If investors know ProAssurance 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 ProAssurance 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 0.519 | Earnings Share 0.83 | Revenue Per Share 22.73 | Quarterly Revenue Growth 0.034 | Return On Assets 0.0095 |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance'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 ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance'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 ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance'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.