Propetro Holding Corp Stock Market Value
| PUMP Stock | USD 9.21 0.01 0.11% |
| Symbol | ProPetro |
ProPetro Holding Corp Price To Book Ratio
Is Oil & Gas Equipment & Services space 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 ProPetro Holding. If investors know ProPetro 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 ProPetro Holding 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 (0.28) | Earnings Share 0.69 | Revenue Per Share 14.474 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0764 |
The market value of ProPetro Holding Corp is measured differently than its book value, which is the value of ProPetro that is recorded on the company's balance sheet. Investors also form their own opinion of ProPetro Holding's value that differs from its market value or its book value, called intrinsic value, which is ProPetro Holding'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 ProPetro Holding's market value can be influenced by many factors that don't directly affect ProPetro Holding'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 ProPetro Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProPetro Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProPetro Holding'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.
ProPetro Holding '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 ProPetro Holding'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 ProPetro Holding.
| 05/13/2024 |
| 06/12/2024 |
If you would invest 0.00 in ProPetro Holding on May 13, 2024 and sell it all today you would earn a total of 0.00 from holding ProPetro Holding Corp or generate 0.0% return on investment in ProPetro Holding over 30 days. ProPetro Holding is related to or competes with Now, ChampionX, and Oceaneering International. ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services More
ProPetro Holding 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 ProPetro Holding'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 ProPetro Holding Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.1681 | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.34 |
ProPetro Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ProPetro Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProPetro Holding's standard deviation. In reality, there are many statistical measures that can use ProPetro Holding historical prices to predict the future ProPetro Holding's volatility.| Risk Adjusted Performance | 0.1129 | |||
| Jensen Alpha | 0.3652 | |||
| Total Risk Alpha | 0.3767 | |||
| Sortino Ratio | 0.16 | |||
| Treynor Ratio | 0.2547 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProPetro Holding'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.
ProPetro Holding Corp Backtested Returns
ProPetro Holding appears to be not too volatile, given 3 months investment horizon. ProPetro Holding Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ProPetro Holding Corp, which you can use to evaluate the volatility of the company. Please evaluate ProPetro Holding's Risk Adjusted Performance of 0.1129, semi deviation of 1.86, and Coefficient Of Variation of 587.9 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ProPetro Holding holds a performance score of 12. The company holds a Beta of 1.4, 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, ProPetro Holding will likely underperform. Please check ProPetro Holding's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether ProPetro Holding's historical price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
ProPetro Holding Corp has poor reverse predictability. Overlapping area represents the amount of predictability between ProPetro Holding time series from 13th of May 2024 to 28th of May 2024 and 28th of May 2024 to 12th of June 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 ProPetro Holding Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current ProPetro Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
ProPetro Holding Corp lagged returns against current returns
Autocorrelation, which is ProPetro Holding 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 ProPetro Holding's stock expected returns. We can calculate the autocorrelation of ProPetro Holding returns to help us make a trade decision. For example, suppose you find that ProPetro Holding 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 |
ProPetro Holding 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 ProPetro Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProPetro Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProPetro Holding stock over time.
Current vs Lagged Prices |
| Timeline |
ProPetro Holding Lagged Returns
When evaluating ProPetro Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProPetro Holding stock have on its future price. ProPetro Holding 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, ProPetro Holding autocorrelation shows the relationship between ProPetro Holding stock current value and its past values and can show if there is a momentum factor associated with investing in ProPetro Holding Corp.
Regressed Prices |
| Timeline |
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When running ProPetro Holding's price analysis, check to measure ProPetro Holding'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 ProPetro Holding is operating at the current time. Most of ProPetro Holding's value examination focuses on studying past and present price action to predict the probability of ProPetro Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProPetro Holding's price. Additionally, you may evaluate how the addition of ProPetro Holding to your portfolios can decrease your overall portfolio volatility.