Propel Holdings Stock Market Value
| PRL Stock | 26.09 1.29 4.71% |
| Symbol | Propel |
Propel Holdings Price To Book Ratio
Propel 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 Propel 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 Propel Holdings.
| 06/10/2024 |
| 09/08/2024 |
If you would invest 0.00 in Propel Holdings on June 10, 2024 and sell it all today you would earn a total of 0.00 from holding Propel Holdings or generate 0.0% return on investment in Propel Holdings over 90 days. Propel Holdings is related to or competes with Sangoma Technologies, Vitalhub Corp, Givex Information, and Converge Technology. Propel Holdings is entity of Canada. It is traded as Stock on TO exchange. More
Propel 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 Propel 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 Propel Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.0946 | |||
| Maximum Drawdown | 20.52 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 5.73 |
Propel Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Propel Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Propel Holdings' standard deviation. In reality, there are many statistical measures that can use Propel Holdings historical prices to predict the future Propel Holdings' volatility.| Risk Adjusted Performance | 0.0968 | |||
| Jensen Alpha | 0.27 | |||
| Total Risk Alpha | 0.1329 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | 0.2055 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Propel 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.
Propel Holdings Backtested Returns
As of now, Propel Stock is not too volatile. Propel Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0605, which implies the firm had a 0.0605% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Propel Holdings, which you can use to evaluate the volatility of the company. Please check Propel Holdings' Risk Adjusted Performance of 0.0968, semi deviation of 2.7, and Coefficient Of Variation of 874.46 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Propel Holdings has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 1.8, 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, Propel Holdings will likely underperform. Propel Holdings right now holds a risk of 2.97%. Please check Propel Holdings semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Propel Holdings will be following its historical price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Propel Holdings has insignificant predictability. Overlapping area represents the amount of predictability between Propel Holdings time series from 10th of June 2024 to 25th of July 2024 and 25th of July 2024 to 8th of September 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 Propel Holdings price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Propel Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Propel Holdings lagged returns against current returns
Autocorrelation, which is Propel 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 Propel Holdings' stock expected returns. We can calculate the autocorrelation of Propel Holdings returns to help us make a trade decision. For example, suppose you find that Propel Holdings 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 |
Propel 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 Propel Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Propel Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Propel Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Propel Holdings Lagged Returns
When evaluating Propel Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Propel Holdings stock have on its future price. Propel 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, Propel Holdings autocorrelation shows the relationship between Propel Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Propel Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Propel Holdings
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 Propel Holdings 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 Propel Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Propel Stock
| 0.83 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.81 | ELF | E L Financial | PairCorr |
| 0.79 | ELF-PH | E L Financial | PairCorr |
The ability to find closely correlated positions to Propel Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Propel Holdings 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 Propel Holdings - 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 Propel Holdings to buy it.
The correlation of Propel Holdings 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 Propel Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Propel Holdings 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 Propel Holdings 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.Other Information on Investing in Propel Stock
Propel Holdings financial ratios help investors to determine whether Propel Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Propel with respect to the benefits of owning Propel Holdings security.