Provident Net Invested Capital from 2010 to 2024
| PFS Stock | USD 14.40 0.09 0.63% |
Check Provident Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Provident main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Provident financial statements analysis is a perfect complement when working with Provident Financial Valuation or Volatility modules.
Provident |
About Provident Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Provident Financial income statement, its balance sheet, and the statement of cash flows. Provident Financial investors use historical funamental indicators, such as Provident Financial's Net Invested Capital, to determine how well the company is positioned to perform in the future. Although Provident Financial investors may use each financial statement separately, they are all related. The changes in Provident Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Provident Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Provident Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Provident Financial. Please read more on our technical analysis and fundamental analysis pages.
Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company was founded in 18 and is headquartered in Jersey City, New Jersey. Provident Financial operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 1119 people.
Pair Trading with Provident Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Provident Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Provident Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Provident Stock
| 0.84 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.8 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
| 0.66 | KB | KB Financial Group | PairCorr |
| 0.61 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
Moving against Provident Stock
| 0.5 | ECBK | ECB Bancorp | PairCorr |
The ability to find closely correlated positions to Provident Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Provident Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Provident Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Provident Financial Services to buy it.
The correlation of Provident Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Provident Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Provident Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Provident Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Provident Financial Correlation against competitors. Note that the Provident Financial information on this page should be used as a complementary analysis to other Provident Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Provident Stock analysis
When running Provident Financial's price analysis, check to measure Provident Financial'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 Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.
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Is Provident Financial'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 Provident Financial. If investors know Provident 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 Provident Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Provident Financial is measured differently than its book value, which is the value of Provident that is recorded on the company's balance sheet. Investors also form their own opinion of Provident Financial's value that differs from its market value or its book value, called intrinsic value, which is Provident Financial'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 Provident Financial's market value can be influenced by many factors that don't directly affect Provident Financial'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 Provident Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Financial'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.