Precipio Stock Market Value
| PRPO Stock | USD 6.00 0.09 1.52% |
| Symbol | Precipio |
Precipio Price To Book Ratio
Is Health Care Providers & Services 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 Precipio. If investors know Precipio 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 Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Revenue Per Share 11.73 | Quarterly Revenue Growth 0.257 | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio'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 Precipio's market value can be influenced by many factors that don't directly affect Precipio'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 Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio'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.
Precipio '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 Precipio'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 Precipio.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Precipio on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Precipio or generate 0.0% return on investment in Precipio over 30 days. Precipio is related to or competes with IDEXX Laboratories, IQVIA Holdings, Charles River, Mettler Toledo, Danaher, Thermo Fisher, and Twist Bioscience. Precipio, Inc., a healthcare solutions company, provides diagnostic products, reagents, and services in the United State... More
Precipio 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 Precipio'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 Precipio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 3.85 |
Precipio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Precipio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Precipio's standard deviation. In reality, there are many statistical measures that can use Precipio historical prices to predict the future Precipio's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.77 |
Precipio Backtested Returns
Precipio maintains Sharpe Ratio (i.e., Efficiency) of -0.0326, which implies the firm had a -0.0326% return per unit of risk over the last 3 months. Precipio exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precipio's Risk Adjusted Performance of (0.02), coefficient of variation of (2,529), and Variance of 6.47 to confirm the risk estimate we provide. The company holds a Beta of -0.0625, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Precipio are expected to decrease at a much lower rate. During the bear market, Precipio is likely to outperform the market. At this point, Precipio has a negative expected return of -0.0762%. Please make sure to check Precipio's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Precipio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Precipio has insignificant predictability. Overlapping area represents the amount of predictability between Precipio time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Precipio price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Precipio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Precipio lagged returns against current returns
Autocorrelation, which is Precipio 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 Precipio's stock expected returns. We can calculate the autocorrelation of Precipio returns to help us make a trade decision. For example, suppose you find that Precipio 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 |
Precipio 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 Precipio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Precipio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Precipio stock over time.
Current vs Lagged Prices |
| Timeline |
Precipio Lagged Returns
When evaluating Precipio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Precipio stock have on its future price. Precipio 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, Precipio autocorrelation shows the relationship between Precipio stock current value and its past values and can show if there is a momentum factor associated with investing in Precipio.
Regressed Prices |
| Timeline |
Pair Trading with Precipio
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 Precipio 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 Precipio will appreciate offsetting losses from the drop in the long position's value.Moving against Precipio Stock
| 0.82 | GH | Guardant Health | PairCorr |
| 0.82 | LH | Laboratory | PairCorr |
| 0.8 | VREX | Varex Imaging Corp | PairCorr |
| 0.73 | DXCM | DexCom Inc | PairCorr |
| 0.71 | VVOS | Vivos Therapeutics | PairCorr |
The ability to find closely correlated positions to Precipio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precipio 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 Precipio - 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 Precipio to buy it.
The correlation of Precipio 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 Precipio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precipio 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 Precipio 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 Precipio Correlation, Precipio Volatility and Precipio Alpha and Beta module to complement your research on Precipio. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Precipio 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.