Priority Technology Holdings Stock Market Value
| PRTH Stock | USD 3.15 0.03 0.94% |
| Symbol | Priority |
Priority Technology Price To Book Ratio
Is Priority Technology'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 Priority Technology. If investors know Priority 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 Priority Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 9.646 | Quarterly Revenue Growth 0.122 | Return On Assets 0.037 | Return On Equity (0.01) |
The market value of Priority Technology is measured differently than its book value, which is the value of Priority that is recorded on the company's balance sheet. Investors also form their own opinion of Priority Technology's value that differs from its market value or its book value, called intrinsic value, which is Priority Technology'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 Priority Technology's market value can be influenced by many factors that don't directly affect Priority Technology'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 Priority Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Priority Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Priority Technology'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.
Priority Technology '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 Priority Technology'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 Priority Technology.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Priority Technology on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Priority Technology Holdings or generate 0.0% return on investment in Priority Technology over 30 days. Priority Technology is related to or competes with Consensus Cloud, Global Blue, EverCommerce, Sterling Check, CSG Systems, and ACI Worldwide. Priority Technology Holdings, Inc. operates as a payment technology company in the United States More
Priority Technology 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 Priority Technology'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 Priority Technology Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.06 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 4.15 |
Priority Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Priority Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Priority Technology's standard deviation. In reality, there are many statistical measures that can use Priority Technology historical prices to predict the future Priority Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Priority Technology'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.
Priority Technology Backtested Returns
Priority Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0647, which implies the firm had a -0.0647% return per unit of risk over the last 3 months. Priority Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Priority Technology's Risk Adjusted Performance of (0.02), coefficient of variation of (2,150), and Variance of 7.68 to confirm the risk estimate we provide. The company holds a Beta of 1.52, 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, Priority Technology will likely underperform. Priority Technology has an expected return of -0.18%. Please make sure to check Priority Technology value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Priority Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Priority Technology Holdings has weak predictability. Overlapping area represents the amount of predictability between Priority Technology time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Priority Technology price movement. The serial correlation of 0.23 indicates that over 23.0% of current Priority Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Priority Technology lagged returns against current returns
Autocorrelation, which is Priority Technology 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 Priority Technology's stock expected returns. We can calculate the autocorrelation of Priority Technology returns to help us make a trade decision. For example, suppose you find that Priority Technology 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 |
Priority Technology 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 Priority Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Priority Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Priority Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Priority Technology Lagged Returns
When evaluating Priority Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Priority Technology stock have on its future price. Priority Technology 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, Priority Technology autocorrelation shows the relationship between Priority Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Priority Technology Holdings.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Priority Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Priority Technology's short interest history, or implied volatility extrapolated from Priority Technology options trading.
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Priority Technology using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Priority Technology Correlation, Priority Technology Volatility and Priority Technology Alpha and Beta module to complement your research on Priority Technology. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Priority Stock analysis
When running Priority Technology's price analysis, check to measure Priority Technology'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 Priority Technology is operating at the current time. Most of Priority Technology's value examination focuses on studying past and present price action to predict the probability of Priority Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Priority Technology's price. Additionally, you may evaluate how the addition of Priority Technology to your portfolios can decrease your overall portfolio volatility.
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Priority Technology 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.