Progyny Stock Technical Analysis
| PGNY Stock | USD 33.81 0.39 1.14% |
As of the 16th of April 2024, Progyny holds the Coefficient Of Variation of (2,019), risk adjusted performance of (0.02), and Variance of 7.7. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progyny, 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 interpolate thirteen technical drivers for Progyny, which can be compared to its competitors. Please check Progyny market risk adjusted performance and treynor ratio to decide if Progyny is priced some-what accurately, providing market reflects its current price of 33.81 per share. Given that Progyny has information ratio of (0.07), we recommend you to check out Progyny's recent market performance to make sure the company can sustain itself at a future point.
Progyny Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Progyny, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProgynyProgyny |
Progyny Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 49.14 | Strong Buy | 10 | Odds |
Most Progyny 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 Progyny stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Progyny, talking to its executives and customers, or listening to Progyny conference calls.
Progyny 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.
Progyny Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Progyny volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Progyny Trend Analysis
Use this graph to draw trend lines for Progyny. You can use it to identify possible trend reversals for Progyny 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 Progyny price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Progyny Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Progyny applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that Progyny market price will keep on failing further. It has 122 observation points and a regression sum of squares at 233.17, which is the sum of squared deviations for the predicted Progyny price change compared to its average price change.About Progyny 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 Progyny 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 Progyny based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Progyny price pattern first instead of the macroeconomic environment surrounding Progyny. By analyzing Progyny'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 Progyny'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 Progyny specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 98.1 | 111.35 | 81.1 | 69.9 | PTB Ratio | 17.82 | 7.62 | 6.38 | 6.06 |
Progyny April 16, 2024 Technical Indicators
Most technical analysis of Progyny 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 Progyny from various momentum indicators to cycle indicators. When you analyze Progyny 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 | (0.02) | |||
| Market Risk Adjusted Performance | (0.1) | |||
| Mean Deviation | 1.79 | |||
| Coefficient Of Variation | (2,019) | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.7 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 3.01 | |||
| Skewness | (2.47) | |||
| Kurtosis | 12.13 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progyny. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Progyny Stock please use our How to Invest in Progyny guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Progyny Stock analysis
When running Progyny's price analysis, check to measure Progyny'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 Progyny is operating at the current time. Most of Progyny's value examination focuses on studying past and present price action to predict the probability of Progyny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progyny's price. Additionally, you may evaluate how the addition of Progyny to your portfolios can decrease your overall portfolio volatility.
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Is Progyny'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 Progyny. If investors know Progyny 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 Progyny 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 3.645 | Earnings Share 0.62 | Revenue Per Share 11.456 | Quarterly Revenue Growth 0.26 | Return On Assets 0.0598 |
The market value of Progyny is measured differently than its book value, which is the value of Progyny that is recorded on the company's balance sheet. Investors also form their own opinion of Progyny's value that differs from its market value or its book value, called intrinsic value, which is Progyny'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 Progyny's market value can be influenced by many factors that don't directly affect Progyny'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 Progyny's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progyny is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progyny'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.