Pros Holdings Stock Market Value
| PRO Stock | USD 22.35 1.41 5.93% |
| Symbol | PROS |
PROS Holdings Price To Book Ratio
Is Application Software 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 PROS Holdings. If investors know PROS 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 PROS Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.61) | Revenue Per Share 6.889 | Quarterly Revenue Growth 0.071 | Return On Assets (0.04) |
The market value of PROS Holdings is measured differently than its book value, which is the value of PROS that is recorded on the company's balance sheet. Investors also form their own opinion of PROS Holdings' value that differs from its market value or its book value, called intrinsic value, which is PROS Holdings' 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 PROS Holdings' market value can be influenced by many factors that don't directly affect PROS Holdings' 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 PROS Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if PROS Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PROS Holdings' 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.
PROS Holdings '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 PROS Holdings' 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 PROS Holdings.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in PROS Holdings on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding PROS Holdings or generate 0.0% return on investment in PROS Holdings over 30 days. PROS Holdings is related to or competes with Meridianlink, Enfusion, PDF Solutions, EPlus, Progress Software, Sapiens International, and Paylocity Holdng. PROS Holdings, Inc. provides solutions that optimize the processes of selling and shopping in the digital economy worldw... More
PROS Holdings 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 PROS Holdings' 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 PROS Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.0582 | |||
| Maximum Drawdown | 13.19 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 6.36 |
PROS Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PROS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PROS Holdings' standard deviation. In reality, there are many statistical measures that can use PROS Holdings historical prices to predict the future PROS Holdings' volatility.| Risk Adjusted Performance | 0.0817 | |||
| Jensen Alpha | 0.0463 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0556 | |||
| Treynor Ratio | 0.135 |
PROS Holdings Backtested Returns
PROS Holdings appears to be very steady, given 3 months investment horizon. PROS Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PROS Holdings, which you can use to evaluate the volatility of the company. Please evaluate PROS Holdings' semi deviation of 3.07, and Risk Adjusted Performance of 0.0817 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PROS Holdings holds a performance score of 8. The company holds a Beta of 2.23, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PROS Holdings will likely underperform. Please check PROS Holdings' potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether PROS Holdings' historical price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
PROS Holdings has good predictability. Overlapping area represents the amount of predictability between PROS Holdings time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 PROS Holdings price movement. The serial correlation of 0.69 indicates that around 69.0% of current PROS Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
PROS Holdings lagged returns against current returns
Autocorrelation, which is PROS Holdings 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 PROS Holdings' stock expected returns. We can calculate the autocorrelation of PROS Holdings returns to help us make a trade decision. For example, suppose you find that PROS Holdings 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 |
PROS Holdings 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 PROS Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PROS Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PROS Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
PROS Holdings Lagged Returns
When evaluating PROS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PROS Holdings stock have on its future price. PROS Holdings 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, PROS Holdings autocorrelation shows the relationship between PROS Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in PROS Holdings.
Regressed Prices |
| Timeline |
Pair Trading with PROS Holdings
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 PROS Holdings 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 PROS Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with PROS Stock
| 0.94 | DJCO | Daily Journal Corp | PairCorr |
| 0.8 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.86 | AZ | A2Z Smart Technologies | PairCorr |
| 0.79 | BL | Blackline | PairCorr |
Moving against PROS Stock
The ability to find closely correlated positions to PROS Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PROS Holdings 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 PROS Holdings - 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 PROS Holdings to buy it.
The correlation of PROS Holdings 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 PROS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PROS Holdings 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 PROS Holdings 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.Check out PROS Holdings Correlation, PROS Holdings Volatility and PROS Holdings Alpha and Beta module to complement your research on PROS Holdings. To learn how to invest in PROS Stock, please use our How to Invest in PROS Holdings guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
PROS Holdings 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.