Provident Financial 7405 Bond Technical Analysis
| 743863AA0 | 109.33 2.48 2.32% |
As of the 1st of December, Provident holds the Coefficient Of Variation of 11845.99, risk adjusted performance of 0.0125, and Semi Deviation of 1.79. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Provident, as well as the relationship between them.
Provident Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Provident, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProvidentProvident |
Provident technical bond 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, bond market cycles, or different charting patterns.
Provident Financial 7405 Trend Analysis
Use this graph to draw trend lines for Provident Financial 7405. You can use it to identify possible trend reversals for Provident as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Provident price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Provident Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Provident Financial 7405 applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Provident Financial 7405 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 31.46, which is the sum of squared deviations for the predicted Provident price change compared to its average price change.About Provident Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Provident Financial 7405 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Provident Financial 7405 based on its technical analysis. In general, a bottom-up approach, as applied to this corporate bond, focuses on Provident Financial 7405 price pattern first instead of the macroeconomic environment surrounding Provident Financial 7405. By analyzing Provident's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Provident's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Provident specific price patterns or momentum indicators. Please read more on our technical analysis page.
Provident December 1, 2024 Technical Indicators
Most technical analysis of Provident help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Provident from various momentum indicators to cycle indicators. When you analyze Provident charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0125 | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.35 | |||
| Semi Deviation | 1.79 | |||
| Downside Deviation | 1.83 | |||
| Coefficient Of Variation | 11845.99 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.78 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | 0.0228 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 3.28 | |||
| Downside Variance | 3.34 | |||
| Semi Variance | 3.22 | |||
| Expected Short fall | (1.36) | |||
| Skewness | 0.6014 | |||
| Kurtosis | 4.4 |
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.