Prosperity Bancshares Stock Market Value
| PB Stock | USD 65.08 2.38 3.80% |
| Symbol | Prosperity |
Prosperity Bancshares Price To Book Ratio
Is Prosperity Bancshares' 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 Prosperity Bancshares. If investors know Prosperity 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 Prosperity Bancshares 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 (0.33) | Dividend Share 2.21 | Earnings Share 4.51 | Revenue Per Share 11.745 | Quarterly Revenue Growth (0.07) |
The market value of Prosperity Bancshares is measured differently than its book value, which is the value of Prosperity that is recorded on the company's balance sheet. Investors also form their own opinion of Prosperity Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Prosperity Bancshares' 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 Prosperity Bancshares' market value can be influenced by many factors that don't directly affect Prosperity Bancshares' 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 Prosperity Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prosperity Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prosperity Bancshares' 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.
Prosperity Bancshares '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 Prosperity Bancshares' 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 Prosperity Bancshares.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Prosperity Bancshares on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Prosperity Bancshares or generate 0.0% return on investment in Prosperity Bancshares over 90 days. Prosperity Bancshares is related to or competes with Heartland Financial, Heritage Commerce, Business First, German American, Texas Capital, Commerce Bancshares, and BOK Financial. Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products an... More
Prosperity Bancshares 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 Prosperity Bancshares' 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 Prosperity Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.69 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.03 |
Prosperity Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosperity Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosperity Bancshares' standard deviation. In reality, there are many statistical measures that can use Prosperity Bancshares historical prices to predict the future Prosperity Bancshares' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prosperity Bancshares' 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.
Prosperity Bancshares Backtested Returns
We consider Prosperity Bancshares very steady. Prosperity Bancshares maintains Sharpe Ratio (i.e., Efficiency) of 0.0073, which implies the firm had a 0.0073% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Prosperity Bancshares, which you can use to evaluate the volatility of the company. Please check Prosperity Bancshares' Variance of 2.64, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,941) to confirm if the risk estimate we provide is consistent with the expected return of 0.0124%. The company holds a Beta of 1.46, 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, Prosperity Bancshares will likely underperform. Prosperity Bancshares right now holds a risk of 1.71%. Please check Prosperity Bancshares skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Prosperity Bancshares will be following its historical price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Prosperity Bancshares has very weak reverse predictability. Overlapping area represents the amount of predictability between Prosperity Bancshares time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Prosperity Bancshares price movement. The serial correlation of -0.03 indicates that only 3.0% of current Prosperity Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.74 |
Prosperity Bancshares lagged returns against current returns
Autocorrelation, which is Prosperity Bancshares 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 Prosperity Bancshares' stock expected returns. We can calculate the autocorrelation of Prosperity Bancshares returns to help us make a trade decision. For example, suppose you find that Prosperity Bancshares 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 |
Prosperity Bancshares 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 Prosperity Bancshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosperity Bancshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosperity Bancshares stock over time.
Current vs Lagged Prices |
| Timeline |
Prosperity Bancshares Lagged Returns
When evaluating Prosperity Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosperity Bancshares stock have on its future price. Prosperity Bancshares 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, Prosperity Bancshares autocorrelation shows the relationship between Prosperity Bancshares stock current value and its past values and can show if there is a momentum factor associated with investing in Prosperity Bancshares.
Regressed Prices |
| Timeline |
Prosperity Bancshares Investors Sentiment
The influence of Prosperity Bancshares' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Prosperity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Prosperity Bancshares' public news can be used to forecast risks associated with an investment in Prosperity. The trend in average sentiment can be used to explain how an investor holding Prosperity can time the market purely based on public headlines and social activities around Prosperity Bancshares. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Prosperity Bancshares' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Prosperity Bancshares' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Prosperity Bancshares' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Prosperity Bancshares.
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 Prosperity Bancshares 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, Prosperity Bancshares' short interest history, or implied volatility extrapolated from Prosperity Bancshares options trading.
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Check out Prosperity Bancshares Correlation, Prosperity Bancshares Volatility and Prosperity Bancshares Alpha and Beta module to complement your research on Prosperity Bancshares. For information on how to trade Prosperity Stock refer to our How to Trade Prosperity Stock guide.Note that the Prosperity Bancshares information on this page should be used as a complementary analysis to other Prosperity Bancshares' 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Prosperity Stock analysis
When running Prosperity Bancshares' price analysis, check to measure Prosperity Bancshares' 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 Prosperity Bancshares is operating at the current time. Most of Prosperity Bancshares' value examination focuses on studying past and present price action to predict the probability of Prosperity Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosperity Bancshares' price. Additionally, you may evaluate how the addition of Prosperity Bancshares to your portfolios can decrease your overall portfolio volatility.
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Prosperity Bancshares 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.