Premier Biomedical Stock Market Value
| BIEI Stock | USD 0.0009 0.0001 10.00% |
| Symbol | Premier |
Premier Biomedical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Premier Biomedical's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Premier Biomedical.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Premier Biomedical on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Premier Biomedical or generate 0.0% return on investment in Premier Biomedical over 360 days. Premier Biomedical is related to or competes with Bionoid Pharma, and Centr Brands Corp. Premier Biomedical, Inc., a research-based company, discovers and develops medical products for the treatment of PTSD, c... More
Premier Biomedical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Premier Biomedical's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Premier Biomedical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 62.02 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 11.11 |
Premier Biomedical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Biomedical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Biomedical's standard deviation. In reality, there are many statistical measures that can use Premier Biomedical historical prices to predict the future Premier Biomedical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (2.08) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Premier Biomedical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Premier Biomedical Backtested Returns
Premier Biomedical maintains Sharpe Ratio (i.e., Efficiency) of -0.0134, which implies the firm had a -0.0134% return per unit of risk over the last 3 months. Premier Biomedical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier Biomedical's Variance of 110.25, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,528) to confirm the risk estimate we provide. The company holds a Beta of 1.11, which implies a somewhat significant risk relative to the market. Premier Biomedical returns are very sensitive to returns on the market. As the market goes up or down, Premier Biomedical is expected to follow. At this point, Premier Biomedical has a negative expected return of -0.14%. Please make sure to check Premier Biomedical's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Premier Biomedical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Premier Biomedical has weak reverse predictability. Overlapping area represents the amount of predictability between Premier Biomedical time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Premier Biomedical price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Premier Biomedical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Premier Biomedical lagged returns against current returns
Autocorrelation, which is Premier Biomedical pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Premier Biomedical's pink sheet expected returns. We can calculate the autocorrelation of Premier Biomedical returns to help us make a trade decision. For example, suppose you find that Premier Biomedical has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Premier Biomedical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Premier Biomedical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Biomedical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Biomedical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Premier Biomedical Lagged Returns
When evaluating Premier Biomedical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Biomedical pink sheet have on its future price. Premier Biomedical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Premier Biomedical autocorrelation shows the relationship between Premier Biomedical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Premier Biomedical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Premier Pink Sheet
Premier Biomedical financial ratios help investors to determine whether Premier Pink Sheet 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 Premier with respect to the benefits of owning Premier Biomedical security.