PROG Holdings Stock Market Value

PRG
 Stock
  

USD 18.43  0.60  3.15%   

PROG Holdings' market value is the price at which a share of PROG Holdings stock trades on a public exchange. It measures the collective expectations of PROG Holdings investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of PROG Holdings and determine expected loss or profit from investing in PROG Holdings over a given investment horizon. Please check PROG Holdings Correlation, PROG Holdings Volatility and PROG Holdings Alpha and Beta module to complement your research on PROG Holdings.
Symbol


Is PROG Holdings' 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 PROG Holdings. If investors know PROG Holdings 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 PROG Holdings 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 YOY
(0.63) 
Market Capitalization
922.1 M
Quarterly Revenue Growth YOY
(0.038) 
Return On Assets
0.169
Return On Equity
0.1223
The market value of PROG Holdings is measured differently than its book value, which is the value of PROG Holdings that is recorded on the company's balance sheet. Investors also form their own opinion of PROG Holdings' value that differs from its market value or its book value, called intrinsic value, which is PROG Holdings' 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 PROG Holdings' market value can be influenced by many factors that don't directly affect PROG Holdings' 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 PROG Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine PROG Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PROG Holdings' 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.

PROG Holdings '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 PROG Holdings' 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 PROG Holdings.
0.00
11/07/2022
No Change 0.00  0.0 
In 30 days
12/07/2022
0.00
If you would invest  0.00  in PROG Holdings on November 7, 2022 and sell it all today you would earn a total of 0.00 from holding PROG Holdings or generate 0.0% return on investment in PROG Holdings over 30 days. PROG Holdings is related to or competes with United Rentals, Amerco, Willscot Mobile, and Goldman Sachs. PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged... More

PROG Holdings 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 PROG Holdings' 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 PROG Holdings upside and downside potential and time the market with a certain degree of confidence.

PROG Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PROG Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PROG Holdings' standard deviation. In reality, there are many statistical measures that can use PROG Holdings historical prices to predict the future PROG Holdings' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of PROG Holdings' 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. Please use the tools below to analyze the current value of PROG Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
14.4318.4322.43
Details
Intrinsic
Valuation
LowReal ValueHigh
16.5928.8832.88
Details
Naive
Forecast
LowNext ValueHigh
14.3418.3422.35
Details
7 Analysts
Consensus
LowTarget PriceHigh
55.0064.0085.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PROG Holdings. Your research has to be compared to or analyzed against PROG Holdings' peers to derive any actionable benefits. When done correctly, PROG Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in PROG Holdings.

PROG Holdings Backtested Returns

PROG Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.003, which implies the firm had -0.003% of return per unit of volatility over the last 3 months. Macroaxis outlook to forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. PROG Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PROG Holdings semi deviation of 3.72, and Risk Adjusted Performance of 0.0235 to confirm the risk estimate we provide.
The company holds a Beta of 1.6904, which implies a somewhat significant risk relative to the market. Let's try to break down what PROG Holdings's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PROG Holdings will likely underperform. Even though it is essential to pay attention to PROG Holdings current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our way in which we are forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. PROG Holdings exposes twenty-one different technical indicators, which can help you to evaluate its performance. PROG Holdings has an expected return of -0.0122%. Please be advised to check PROG Holdings variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if PROG Holdings performance from the past will be repeated at some future point.

Auto-correlation

    
  0.33  

Below average predictability

PROG Holdings has below average predictability. Overlapping area represents the amount of predictability between PROG Holdings time series from 7th of November 2022 to 22nd of November 2022 and 22nd of November 2022 to 7th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PROG Holdings price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current PROG Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient0.33
Spearman Rank Test-0.3
Residual Average0.0
Price Variance0.24

PROG Holdings lagged returns against current returns

Autocorrelation, which is PROG Holdings 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 PROG Holdings' stock expected returns. We can calculate the autocorrelation of PROG Holdings returns to help us make a trade decision. For example, suppose you find that PROG Holdings stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

PROG Holdings 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 PROG Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PROG Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PROG Holdings stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

PROG Holdings Lagged Returns

When evaluating PROG Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PROG Holdings stock have on its future price. PROG Holdings 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, PROG Holdings autocorrelation shows the relationship between PROG Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in PROG Holdings.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in PROG Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check PROG Holdings Correlation, PROG Holdings Volatility and PROG Holdings Alpha and Beta module to complement your research on PROG Holdings. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for analysis

When running PROG Holdings price analysis, check to measure PROG Holdings' 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 PROG Holdings is operating at the current time. Most of PROG Holdings' value examination focuses on studying past and present price action to predict the probability of PROG Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move PROG Holdings' price. Additionally, you may evaluate how the addition of PROG Holdings to your portfolios can decrease your overall portfolio volatility.
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PROG Holdings 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.
A focus of PROG Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of PROG Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...