Premium Brands Holdings Stock Beta
| PBH Stock | CAD 79.45 0.30 0.38% |
Premium Brands Holdings fundamentals help investors to digest information that contributes to Premium Brands' financial success or failures. It also enables traders to predict the movement of Premium Stock. The fundamental analysis module provides a way to measure Premium Brands' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Premium Brands stock.
Premium | Beta |
Premium Brands Holdings Company Beta Analysis
Premium Brands' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Premium Brands Beta | 0.98 |
Most of Premium Brands' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Premium Brands Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Premium Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Premium Brands is extremely important. It helps to project a fair market value of Premium Stock properly, considering its historical fundamentals such as Beta. Since Premium Brands' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Premium Brands' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Premium Brands' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Premium Brands Holdings has a Beta of 0.983. This is 20.08% lower than that of the Food Products sector and 11.44% lower than that of the Consumer Staples industry. The beta for all Canada stocks is notably lower than that of the firm.
Premium Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Premium Brands' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Premium Brands could also be used in its relative valuation, which is a method of valuing Premium Brands by comparing valuation metrics of similar companies.Premium Brands is currently under evaluation in beta category among its peers.
Premium Brands returns are very sensitive to returns on the market. As the market goes up or down, Premium Brands is expected to follow.
Premium Fundamentals
| Return On Equity | 0.0563 | ||||
| Return On Asset | 0.0356 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 6.36 B | ||||
| Shares Outstanding | 44.43 M | ||||
| Shares Owned By Insiders | 2.12 % | ||||
| Shares Owned By Institutions | 45.72 % | ||||
| Number Of Shares Shorted | 430.35 K | ||||
| Price To Earning | 47.86 X | ||||
| Price To Book | 2.04 X | ||||
| Price To Sales | 0.55 X | ||||
| Revenue | 6.26 B | ||||
| Gross Profit | 1.1 B | ||||
| EBITDA | 498.2 M | ||||
| Net Income | 94.2 M | ||||
| Cash And Equivalents | 11.4 M | ||||
| Cash Per Share | 4.76 X | ||||
| Total Debt | 2.65 B | ||||
| Debt To Equity | 1.00 % | ||||
| Current Ratio | 2.05 X | ||||
| Book Value Per Share | 39.17 X | ||||
| Cash Flow From Operations | 433.9 M | ||||
| Short Ratio | 2.99 X | ||||
| Earnings Per Share | 2.23 X | ||||
| Price To Earnings To Growth | 1.26 X | ||||
| Target Price | 102.67 | ||||
| Beta | 0.98 | ||||
| Market Capitalization | 3.53 B | ||||
| Total Asset | 5.16 B | ||||
| Retained Earnings | 18.8 M | ||||
| Working Capital | 690.1 M | ||||
| Current Asset | 320.2 M | ||||
| Current Liabilities | 159.53 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 2.21 % | ||||
| Net Asset | 5.16 B | ||||
| Last Dividend Paid | 3.32 |
About Premium Brands Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Premium Brands Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Premium Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Premium Brands Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Premium Brands
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 Premium Brands 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 Premium Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Premium Stock
The ability to find closely correlated positions to Premium Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Brands 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 Premium Brands - 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 Premium Brands Holdings to buy it.
The correlation of Premium Brands 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 Premium Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Brands 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 Premium Brands 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 Premium Stock
Premium Brands financial ratios help investors to determine whether Premium 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 Premium with respect to the benefits of owning Premium Brands security.