Premium Brands Holdings Stock Market Value

PBH Stock  CAD 79.45  0.30  0.38%   
Premium Brands' market value is the price at which a share of Premium Brands trades on a public exchange. It measures the collective expectations of Premium Brands Holdings investors about its performance. Premium Brands is selling at 79.45 as of the 26th of November 2024; that is 0.38% down since the beginning of the trading day. The stock's open price was 79.75.
With this module, you can estimate the performance of a buy and hold strategy of Premium Brands Holdings and determine expected loss or profit from investing in Premium Brands over a given investment horizon. Check out Premium Brands Correlation, Premium Brands Volatility and Premium Brands Alpha and Beta module to complement your research on Premium Brands.
Symbol

Please note, there is a significant difference between Premium Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Premium Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premium Brands' 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.

Premium Brands '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 Premium Brands' stock 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 Premium Brands.
0.00
01/31/2024
No Change 0.00  0.0 
In 9 months and 28 days
11/26/2024
0.00
If you would invest  0.00  in Premium Brands on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Premium Brands Holdings or generate 0.0% return on investment in Premium Brands over 300 days. Premium Brands is related to or competes with CCL Industries, North West, Maple Leaf, FirstService Corp, and Stella Jones. Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in C... More

Premium Brands 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 Premium Brands' stock 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 Premium Brands Holdings upside and downside potential and time the market with a certain degree of confidence.

Premium Brands Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Premium Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premium Brands' standard deviation. In reality, there are many statistical measures that can use Premium Brands historical prices to predict the future Premium Brands' volatility.
Hype
Prediction
LowEstimatedHigh
77.7079.2780.84
Details
Intrinsic
Valuation
LowRealHigh
68.0569.6287.40
Details
Naive
Forecast
LowNextHigh
80.9682.5384.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
76.9879.8582.72
Details

Premium Brands Holdings Backtested Returns

Premium Brands Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0769, which implies the firm had a -0.0769% return per unit of risk over the last 3 months. Premium Brands Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premium Brands' Variance of 2.42, coefficient of variation of (1,300), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.0944, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Premium Brands are expected to decrease at a much lower rate. During the bear market, Premium Brands is likely to outperform the market. At this point, Premium Brands Holdings has a negative expected return of -0.12%. Please make sure to check Premium Brands' total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Premium Brands Holdings performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.17  

Very weak predictability

Premium Brands Holdings has very weak predictability. Overlapping area represents the amount of predictability between Premium Brands time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Premium Brands Holdings price movement. The serial correlation of 0.17 indicates that over 17.0% of current Premium Brands price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test-0.13
Residual Average0.0
Price Variance28.22

Premium Brands Holdings lagged returns against current returns

Autocorrelation, which is Premium Brands stock'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 Premium Brands' stock expected returns. We can calculate the autocorrelation of Premium Brands returns to help us make a trade decision. For example, suppose you find that Premium Brands has exhibited high autocorrelation historically, and you observe that the stock 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  

Premium Brands 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 Premium Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premium Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premium Brands stock over time.
   Current vs Lagged Prices   
       Timeline  

Premium Brands Lagged Returns

When evaluating Premium Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premium Brands stock have on its future price. Premium Brands 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, Premium Brands autocorrelation shows the relationship between Premium Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Premium Brands Holdings.
   Regressed Prices   
       Timeline  

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

  0.67QBR-A QuebecorPairCorr
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.
Pair CorrelationCorrelation Matching

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.