ProAssurance Stock Forecast - Day Typical Price
| PRA Stock | USD 13.83 0.01 0.07% |
ProAssurance Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ProAssurance stock prices and determine the direction of ProAssurance's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ProAssurance's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ProAssurance's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ProAssurance's systematic risk associated with finding meaningful patterns of ProAssurance fundamentals over time.
Check out Historical Fundamental Analysis of ProAssurance to cross-verify your projections. ProAssurance |
Open Interest Against 2024-05-17 ProAssurance Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ProAssurance's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ProAssurance's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ProAssurance stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ProAssurance's open interest, investors have to compare it to ProAssurance's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ProAssurance is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ProAssurance. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ProAssurance cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ProAssurance's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ProAssurance's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 13.91 | 13.87 |
| Check ProAssurance Volatility | Backtest ProAssurance | Information Ratio |
ProAssurance Trading Date Momentum
| On May 07 2024 ProAssurance was traded for 13.83 at the closing time. Highest ProAssurance's price during the trading hours was 14.15 and the lowest price during the day was 13.64 . There was no trading activity during the period 0.0. Lack of trading volume on the 7th of May did not cause price change. The trading delta at closing time to current price is 2.02% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare ProAssurance to competition |
Other Forecasting Options for ProAssurance
For every potential investor in ProAssurance, whether a beginner or expert, ProAssurance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProAssurance Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProAssurance. Basic forecasting techniques help filter out the noise by identifying ProAssurance's price trends.ProAssurance Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProAssurance stock to make a market-neutral strategy. Peer analysis of ProAssurance could also be used in its relative valuation, which is a method of valuing ProAssurance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProAssurance Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ProAssurance's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ProAssurance's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProAssurance Market Strength Events
Market strength indicators help investors to evaluate how ProAssurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProAssurance shares will generate the highest return on investment. By undertsting and applying ProAssurance stock market strength indicators, traders can identify ProAssurance entry and exit signals to maximize returns.
ProAssurance Risk Indicators
The analysis of ProAssurance's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ProAssurance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proassurance stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.87 | |||
| Semi Deviation | 2.17 | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.75 | |||
| Downside Variance | 4.91 | |||
| Semi Variance | 4.7 | |||
| Expected Short fall | (2.13) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 ProAssurance 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, ProAssurance's short interest history, or implied volatility extrapolated from ProAssurance options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as ProAssurance using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Historical Fundamental Analysis of ProAssurance to cross-verify your projections. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for ProAssurance Stock analysis
When running ProAssurance's price analysis, check to measure ProAssurance'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 ProAssurance is operating at the current time. Most of ProAssurance's value examination focuses on studying past and present price action to predict the probability of ProAssurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProAssurance's price. Additionally, you may evaluate how the addition of ProAssurance to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Is ProAssurance'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 ProAssurance. If investors know ProAssurance 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 ProAssurance 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 (0.52) | Earnings Share (0.73) | Revenue Per Share 21.66 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0036 |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance'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 ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance'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 ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance'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.