Proassurance Stock Market Value
| PRA Stock | USD 13.74 0.05 0.37% |
| Symbol | ProAssurance |
ProAssurance Price To Book Ratio
Is ProAssurance'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 ProAssurance. If investors know ProAssurance 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 ProAssurance 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 (0.52) | Earnings Share (0.73) | Revenue Per Share 21.66 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0036 |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance'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 ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance'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 ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance'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.
ProAssurance '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 ProAssurance'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 ProAssurance.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in ProAssurance on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding ProAssurance or generate 0.0% return on investment in ProAssurance over 420 days. ProAssurance is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products i... More
ProAssurance 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 ProAssurance'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 ProAssurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 11.53 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 5.2 |
ProAssurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProAssurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProAssurance's standard deviation. In reality, there are many statistical measures that can use ProAssurance historical prices to predict the future ProAssurance's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0459 | |||
| Treynor Ratio | 0.0776 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProAssurance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ProAssurance Backtested Returns
We consider ProAssurance not too volatile. ProAssurance maintains Sharpe Ratio (i.e., Efficiency) of 0.0055, which implies the firm had a 0.0055% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProAssurance, which you can use to evaluate the volatility of the company. Please check ProAssurance's Semi Deviation of 2.11, risk adjusted performance of 0.0532, and Coefficient Of Variation of 1350.54 to confirm if the risk estimate we provide is consistent with the expected return of 0.0132%. The company holds a Beta of 2.31, 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, ProAssurance will likely underperform. ProAssurance right now holds a risk of 2.4%. Please check ProAssurance semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if ProAssurance will be following its historical price patterns.
Auto-correlation | 0.34 |
Below average predictability
ProAssurance has below average predictability. Overlapping area represents the amount of predictability between ProAssurance time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 to 23rd of April 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 ProAssurance price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current ProAssurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 4.46 |
ProAssurance lagged returns against current returns
Autocorrelation, which is ProAssurance 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 ProAssurance's stock expected returns. We can calculate the autocorrelation of ProAssurance returns to help us make a trade decision. For example, suppose you find that ProAssurance 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 |
ProAssurance 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 ProAssurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProAssurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProAssurance stock over time.
Current vs Lagged Prices |
| Timeline |
ProAssurance Lagged Returns
When evaluating ProAssurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProAssurance stock have on its future price. ProAssurance 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, ProAssurance autocorrelation shows the relationship between ProAssurance stock current value and its past values and can show if there is a momentum factor associated with investing in ProAssurance.
Regressed Prices |
| Timeline |
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Check out ProAssurance Correlation, ProAssurance Volatility and ProAssurance Alpha and Beta module to complement your research on ProAssurance. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for ProAssurance Stock analysis
When running ProAssurance's price analysis, check to measure ProAssurance'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 ProAssurance is operating at the current time. Most of ProAssurance's value examination focuses on studying past and present price action to predict the probability of ProAssurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProAssurance's price. Additionally, you may evaluate how the addition of ProAssurance to your portfolios can decrease your overall portfolio volatility.
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ProAssurance 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.