Primega Group Holdings Stock Price on November 7, 2024
| PGHL Stock | 12.26 2.08 20.43% |
If you're considering investing in Primega Stock, it is important to understand the factors that can impact its price. As of today, the current price of Primega Group stands at 12.26, as last reported on the 25th of November, with the highest price reaching 12.80 and the lowest price hitting 9.50 during the day. Primega Group is relatively risky given 3 months investment horizon. Primega Group Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have analyze and collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.73% are justified by taking the suggested risk. Use Primega Group Semi Deviation of 10.42, coefficient of variation of 658.45, and Risk Adjusted Performance of 0.1258 to evaluate company specific risk that cannot be diversified away.
The value of Total Stockholder Equity is estimated to slide to about 2.6 M. The value of Common Stock Shares Outstanding is expected to slide to about 19.2 M. The value of Price To Sales Ratio is estimated to slide to 7.15. The value of Price Earnings Ratio is estimated to slide to 88.17. Primega Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Primega |
Sharpe Ratio = 0.1489
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Estimated Market Risk
| 11.63 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.73 actual daily | 34 66% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Primega Group is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Primega Group by adding it to a well-diversified portfolio.
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Primega Group Valuation on November 7, 2024
It is possible to determine the worth of Primega Group on a given historical date. On November 7, 2024 Primega was worth 13.95 at the beginning of the trading date compared to the closed value of 13.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Primega Group stock. Still, in general, we apply an absolute valuation method to find Primega Group's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Primega Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Primega Group's related companies.
| Open | High | Low | Close | Volume | |
| 14.11 | 14.43 | 13.47 | 13.93 | 37,870 | |
11/07/2024 | 13.95 | 15.02 | 13.03 | 13.70 | 71,951 |
| 13.65 | 14.59 | 12.57 | 13.00 | 50,443 |
| Backtest Primega Group | | | Primega Group History | | | Primega Group Valuation | Previous | Next |
Primega Group Trading Date Momentum on November 7, 2024
| On November 08 2024 Primega Group Holdings was traded for 13.00 at the closing time. The top price for the day was 14.59 and the lowest listed price was 12.57 . The trading volume for the day was 50.4 K. The trading history from November 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.11% . The trading delta at closing time against the current closing price is 19.93% . |
Primega Group Holdings Fundamentals Correlations and Trends
By evaluating Primega Group's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Primega Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Primega financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Primega Group Stock history
Primega Group investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Primega is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Primega Group Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Primega Group stock prices may prove useful in developing a viable investing in Primega Group
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 21.6 M | 19.2 M |
Primega Group Quarterly Net Working Capital |
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Primega Group Stock Technical Analysis
Primega Group 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.
Price Boundaries
Primega Group Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
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Primega Group November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Primega Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primega Group shares will generate the highest return on investment. By undertsting and applying Primega Group stock market strength indicators, traders can identify Primega Group Holdings entry and exit signals to maximize returns
Primega Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Primega Group's price direction in advance. Along with the technical and fundamental analysis of Primega Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Primega to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1258 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1328 | |||
| Treynor Ratio | 1.18 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Marine Transportation space 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 Primega Group. If investors know Primega 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 Primega Group 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 Primega Group Holdings is measured differently than its book value, which is the value of Primega that is recorded on the company's balance sheet. Investors also form their own opinion of Primega Group's value that differs from its market value or its book value, called intrinsic value, which is Primega Group'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 Primega Group's market value can be influenced by many factors that don't directly affect Primega Group'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 Primega Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primega Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primega Group'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.