Pro Dex Stock Technical Analysis
| PDEX Stock | USD 18.75 0.49 2.68% |
As of the 19th of April, Pro Dex holds the Coefficient Of Variation of (1,841), variance of 6.52, and Risk Adjusted Performance of (0.03). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Pro Dex, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Pro Dex, which can be compared to its competitors. Please check Pro Dex market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Pro Dex is priced some-what accurately, providing market reflects its current price of 18.75 per share. Given that Pro Dex has information ratio of (0.08), we recommend you to check out Pro Dex's recent market performance to make sure the company can sustain itself at a future point.
Pro Dex Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Pro, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProPro |
Pro Dex Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 27.0 | Strong Buy | 1 | Odds |
Most Pro analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Pro stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Pro Dex, talking to its executives and customers, or listening to Pro conference calls.
Pro Dex 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.
Pro Dex Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Pro Dex volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Pro Dex Trend Analysis
Use this graph to draw trend lines for Pro Dex. You can use it to identify possible trend reversals for Pro Dex 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 Pro Dex price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Pro Dex Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Pro Dex applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Pro Dex market price will keep on failing further. It has 122 observation points and a regression sum of squares at 93.57, which is the sum of squared deviations for the predicted Pro Dex price change compared to its average price change.About Pro Dex 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 Pro Dex 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 Pro Dex based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Pro Dex price pattern first instead of the macroeconomic environment surrounding Pro Dex. By analyzing Pro Dex'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 Pro Dex'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 Pro Dex specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.001305 | 0.001501 | 0.001618 | Price To Sales Ratio | 1.38 | 1.33 | 0.84 |
Pro Dex April 19, 2024 Technical Indicators
Most technical analysis of Pro 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 Pro from various momentum indicators to cycle indicators. When you analyze Pro 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 1.78 | |||
| Coefficient Of Variation | (1,841) | |||
| Standard Deviation | 2.55 | |||
| Variance | 6.52 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.43 | |||
| Skewness | (1.30) | |||
| Kurtosis | 6.18 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.Note that the Pro Dex information on this page should be used as a complementary analysis to other Pro Dex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Pro Stock analysis
When running Pro Dex's price analysis, check to measure Pro Dex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.
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Is Pro Dex's industry 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 Pro Dex. If investors know Pro 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 Pro Dex 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 (0.81) | Earnings Share 0.84 | Revenue Per Share 13.601 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0794 |
The market value of Pro Dex is measured differently than its book value, which is the value of Pro that is recorded on the company's balance sheet. Investors also form their own opinion of Pro Dex's value that differs from its market value or its book value, called intrinsic value, which is Pro Dex'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 Pro Dex's market value can be influenced by many factors that don't directly affect Pro Dex'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 Pro Dex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pro Dex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pro Dex'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.