We consider Prosperity Bancshares very steady. Prosperity Bancshares maintains Sharpe Ratio (i.e. Efficiency) of 0.0571 which implies the corporation had 0.0571% of return per unit of risk over the last 3 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Prosperity Bancshares which you can use to evaluate future volatility of the company. Please check Prosperity Bancshares Risk Adjusted Performance of 0.0575, Semi Deviation of 1.53 and Coefficient Of Variation of 1818.73 to confirm if risk estimate we provide are consistent with the epected return of 0.0894%.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Almost mirrors market
|Horizon||30 Days Login to change|
Prosperity Bancshares Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Prosperity Bancshares will likely underperform. 3 Months Beta |Analyze Prosperity Bancshares Demand TrendCheck current 30 days Prosperity Bancshares correlation with market (DOW)|
β = 1.1624
Prosperity Bancshares Central Daily Price Deviation
Prosperity Bancshares Technical Analysis
Prosperity Bancshares Projected Return Density Against MarketAllowing for the 30-days total investment horizon, the stock has beta coefficient of 1.1624 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Prosperity Bancshares will likely underperform. Moreover, The company has an alpha of 0.1113 implying that it can potentially generate 0.1113% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Allowing for the 30-days total investment horizon, the coefficient of variation of Prosperity Bancshares is 1750.83. The daily returns are destributed with a variance of 2.45 and standard deviation of 1.57. The mean deviation of Prosperity Bancshares is currently at 1.25. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
|Alpha over DOW||=||0.11|
|Beta against DOW||=||1.16|
Prosperity Bancshares Return Volatilitythe company accepts 1.5655% volatility on return distribution over the 30 days horizon. the entity inherits 0.9844% risk (volatility on return distribution) over the 30 days horizon.
Prosperity Bancshares Investment Opportunity
Prosperity Bancshares has a volatility of 1.57 and is 1.6 times more volatile than DOW. 14 of all equities and portfolios are less risky than Prosperity Bancshares. Compared to the overall equity markets, volatility of historical daily returns of Prosperity Bancshares is lower than 14 () of all global equities and portfolios over the last 30 days. Use Prosperity Bancshares to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Prosperity Bancshares to be traded at $77.88 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Prosperity Bancshares will likely underperform.
Prosperity Bancshares correlation with market
Prosperity Bancshares Current Risk Indicators
|Risk Adjusted Performance||0.0575|
|Market Risk Adjusted Performance||0.0751|
|Coefficient Of Variation||1818.73|
Prosperity Bancshares Suggested Diversification Pairs