Proto Labs Stock Market Value
PRLB Stock | USD 32.10 0.34 1.07% |
Symbol | Proto |
Proto Labs Price To Book Ratio
Is Proto Labs' 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 Proto Labs. If investors know Proto 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 Proto Labs 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 1.183 | Earnings Share 0.66 | Revenue Per Share 19.242 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0225 |
The market value of Proto Labs is measured differently than its book value, which is the value of Proto that is recorded on the company's balance sheet. Investors also form their own opinion of Proto Labs' value that differs from its market value or its book value, called intrinsic value, which is Proto Labs' 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 Proto Labs' market value can be influenced by many factors that don't directly affect Proto Labs' 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 Proto Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Proto Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proto Labs' 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.
Proto Labs '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 Proto Labs' 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 Proto Labs.
03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Proto Labs on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Proto Labs or generate 0.0% return on investment in Proto Labs over 30 days. Proto Labs is related to or competes with Deswell Industries, Euro Tech, China Natural, and Arts Way. Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom protot... More
Proto Labs 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 Proto Labs' 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 Proto Labs upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.12) | |||
Maximum Drawdown | 10.37 | |||
Value At Risk | (3.79) | |||
Potential Upside | 3.46 |
Proto Labs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Proto Labs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Proto Labs' standard deviation. In reality, there are many statistical measures that can use Proto Labs historical prices to predict the future Proto Labs' volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.35) | |||
Total Risk Alpha | (0.45) | |||
Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Proto Labs' 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.
Proto Labs Backtested Returns
Proto Labs maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Proto Labs exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Proto Labs' Coefficient Of Variation of (1,348), variance of 4.69, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 2.24, 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, Proto Labs will likely underperform. Proto Labs has an expected return of -0.23%. Please make sure to check Proto Labs skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Proto Labs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Proto Labs has below average predictability. Overlapping area represents the amount of predictability between Proto Labs time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 Proto Labs price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Proto Labs price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.34 | |
Spearman Rank Test | 0.53 | |
Residual Average | 0.0 | |
Price Variance | 1.11 |
Proto Labs lagged returns against current returns
Autocorrelation, which is Proto Labs 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 Proto Labs' stock expected returns. We can calculate the autocorrelation of Proto Labs returns to help us make a trade decision. For example, suppose you find that Proto Labs 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 |
Proto Labs 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 Proto Labs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Proto Labs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Proto Labs stock over time.
Current vs Lagged Prices |
Timeline |
Proto Labs Lagged Returns
When evaluating Proto Labs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Proto Labs stock have on its future price. Proto Labs 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, Proto Labs autocorrelation shows the relationship between Proto Labs stock current value and its past values and can show if there is a momentum factor associated with investing in Proto Labs.
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 Proto Labs 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, Proto Labs' short interest history, or implied volatility extrapolated from Proto Labs options trading.
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Check out Proto Labs Correlation, Proto Labs Volatility and Proto Labs Alpha and Beta module to complement your research on Proto Labs. For information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Proto Stock analysis
When running Proto Labs' price analysis, check to measure Proto Labs' 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 Proto Labs is operating at the current time. Most of Proto Labs' value examination focuses on studying past and present price action to predict the probability of Proto Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Proto Labs' price. Additionally, you may evaluate how the addition of Proto Labs to your portfolios can decrease your overall portfolio volatility.
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Proto Labs 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.