Primo Brands Stock Price on September 13, 2024
| PRMB Stock | 28.92 0.69 2.44% |
Below is the normalized historical share price chart for Primo Brands extending back to June 16, 1992. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Primo Brands stands at 28.92, as last reported on the 25th of November, with the highest price reaching 29.00 and the lowest price hitting 27.93 during the day.
If you're considering investing in Primo Stock, it is important to understand the factors that can impact its price. Primo Brands appears to be very steady, given 3 months investment horizon. Primo Brands maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Primo Brands' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Primo Brands' Coefficient Of Variation of 429.35, risk adjusted performance of 0.185, and Semi Deviation of 1.21 to confirm if our risk estimates are consistent with your expectations.
As of November 25, 2024, Stock Based Compensation To Revenue is expected to decline to 0. At present, Primo Brands' Price To Sales Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Earnings Ratio is expected to grow to 25.67, whereas Price Book Value Ratio is forecasted to decline to 3.06. Primo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of November 2024 |
Primo |
Sharpe Ratio = 0.2357
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | PRMB | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Primo Brands is performing at about 18% 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 Primo Brands by adding it to a well-diversified portfolio.
Shares Outstanding 161 M | Market Capitalization 4.5 B | Wall Street Target Price 31.75 |
Primo Brands Valuation on September 13, 2024
It is possible to determine the worth of Primo Brands on a given historical date. On September 13, 2024 Primo was worth 22.83 at the beginning of the trading date compared to the closed value of 23.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Primo Brands stock. Still, in general, we apply an absolute valuation method to find Primo Brands' 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 Primo Brands where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Primo Brands' related companies.
| Open | High | Low | Close | Volume | |
| 22.35 | 22.79 | 22.34 | 22.77 | 1,320,200 | |
09/13/2024 | 22.83 | 23.26 | 22.83 | 23.17 | 1,919,300 |
| 23.17 | 23.46 | 23.10 | 23.44 | 1,356,900 |
| Backtest Primo Brands | | | Primo Brands History | | | Primo Brands Valuation | Previous | Next |
Primo Brands Trading Date Momentum on September 13, 2024
| On September 16 2024 Primo Brands was traded for 23.44 at the closing time. The top price for the day was 23.46 and the lowest listed price was 23.10 . The trading volume for the day was 1.4 M. The trading history from September 16, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 1.17% . The trading delta at closing time against the current closing price is 5.48% . |
Primo Brands Fundamentals Correlations and Trends
By evaluating Primo Brands' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Primo Brands' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Primo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Primo Brands Stock history
Primo Brands 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 Primo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Primo Brands 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 Primo Brands stock prices may prove useful in developing a viable investing in Primo Brands
Primo Brands Stock Technical Analysis
Primo Brands 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
Primo Brands Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Primo Brands cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Primo Brands November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Primo Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primo Brands shares will generate the highest return on investment. By undertsting and applying Primo Brands stock market strength indicators, traders can identify Primo Brands entry and exit signals to maximize returns
Primo Brands Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Primo Brands' price direction in advance. Along with the technical and fundamental analysis of Primo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Primo 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 | 0.185 | |||
| Jensen Alpha | 0.4399 | |||
| Total Risk Alpha | 0.148 | |||
| Sortino Ratio | 0.2048 | |||
| Treynor Ratio | 1.52 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Primo Stock analysis
When running Primo Brands' price analysis, check to measure Primo Brands' 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 Primo Brands is operating at the current time. Most of Primo Brands' value examination focuses on studying past and present price action to predict the probability of Primo Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primo Brands' price. Additionally, you may evaluate how the addition of Primo Brands to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |