Prime Meridian Resources Stock Price on August 5, 2024
PMDRF Stock | USD 0.11 0.01 10.00% |
If you're considering investing in Prime Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Prime Meridian stands at 0.11, as last reported on the 30th of November, with the highest price reaching 0.11 and the lowest price hitting 0.11 during the day. Prime Meridian Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.0566, which implies the firm had a -0.0566% return per unit of risk over the last 3 months. Prime Meridian Resources exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Meridian's Coefficient Of Variation of (1,807), risk adjusted performance of (0.03), and Variance of 27.3 to confirm the risk estimate we provide.
Prime Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Prime |
Sharpe Ratio = -0.0566
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Estimated Market Risk
5.35 actual daily | 47 53% of assets are more volatile |
Expected Return
-0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prime Meridian is not performing at its full potential. However, 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 Prime Meridian by adding Prime Meridian to a well-diversified portfolio.
Prime Meridian Valuation on August 5, 2024
It is possible to determine the worth of Prime Meridian on a given historical date. On August 5, 2024 Prime was worth 0.16 at the beginning of the trading date compared to the closed value of 0.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prime Meridian pink sheet. Still, in general, we apply an absolute valuation method to find Prime Meridian'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 Prime Meridian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prime Meridian's related companies.
Open | High | Low | Close | Volume | |
0.16 | 0.16 | 0.16 | 0.16 | 1.00 | |
08/05/2024 | 0.16 | 0.16 | 0.16 | 0.16 | 1.00 |
0.15 | 0.15 | 0.15 | 0.15 | 35,000 |
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Prime Meridian Trading Date Momentum on August 5, 2024
On August 06 2024 Prime Meridian Resources was traded for 0.15 at the closing time. The highest daily price throughout the period was 0.15 and the lowest price was 0.15 . The daily volume was 35 K. The net trading volume on 08/06/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 6.25% . The trading delta at closing time to current closing price is 6.25% . |
Prime Meridian Resources Fundamentals Correlations and Trends
By evaluating Prime Meridian'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 Prime Meridian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Prime financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Prime Meridian Pink Sheet history
Prime Meridian 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 Prime is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Prime Meridian Resources 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 Prime Meridian stock prices may prove useful in developing a viable investing in Prime Meridian
Prime Meridian Resources Corp. engages in the development, evaluation, and exploration of mineral resource properties. Prime Meridian Resources Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. Prime Meridian is traded on OTC Exchange in the United States.
Prime Meridian Pink Sheet Technical Analysis
Prime Meridian technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Prime Meridian Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Prime Meridian November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Prime Meridian pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Prime Meridian shares will generate the highest return on investment. By undertsting and applying Prime Meridian pink sheet market strength indicators, traders can identify Prime Meridian Resources entry and exit signals to maximize returns
Prime Meridian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prime Meridian's price direction in advance. Along with the technical and fundamental analysis of Prime Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Prime 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 | (0.03) | |||
Jensen Alpha | (0.36) | |||
Total Risk Alpha | (1.17) | |||
Treynor Ratio | (0.68) |
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When running Prime Meridian's price analysis, check to measure Prime Meridian'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 Prime Meridian is operating at the current time. Most of Prime Meridian's value examination focuses on studying past and present price action to predict the probability of Prime Meridian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Meridian's price. Additionally, you may evaluate how the addition of Prime Meridian to your portfolios can decrease your overall portfolio volatility.
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