Prime Dividend Corp Stock Market Value
| PDV Stock | CAD 8.49 0.01 0.12% |
| Symbol | Prime |
Prime Dividend Corp Price To Book Ratio
Prime Dividend '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 Prime Dividend's 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 Prime Dividend.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Prime Dividend on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Prime Dividend Corp or generate 0.0% return on investment in Prime Dividend over 720 days. Prime Dividend is related to or competes with TDb Split, Dividend Select, Canadian Life, Brompton Lifeco, and Income Financial. Prime Dividend Corp. is an open ended equity mutual fund launched by Quadravest Inc More
Prime Dividend 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 Prime Dividend's 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 Prime Dividend Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1643 | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.17 |
Prime Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Dividend's standard deviation. In reality, there are many statistical measures that can use Prime Dividend historical prices to predict the future Prime Dividend's volatility.| Risk Adjusted Performance | 0.1887 | |||
| Jensen Alpha | 0.4232 | |||
| Total Risk Alpha | 0.1322 | |||
| Sortino Ratio | 0.1012 | |||
| Treynor Ratio | (2.69) |
Prime Dividend Corp Backtested Returns
Prime Dividend appears to be somewhat reliable, given 3 months investment horizon. Prime Dividend Corp 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. We have found twenty-eight technical indicators for Prime Dividend Corp, which you can use to evaluate the volatility of the company. Please evaluate Prime Dividend's Risk Adjusted Performance of 0.1887, semi deviation of 1.09, and Coefficient Of Variation of 417.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prime Dividend holds a performance score of 18. The company holds a Beta of -0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prime Dividend are expected to decrease at a much lower rate. During the bear market, Prime Dividend is likely to outperform the market. Please check Prime Dividend's total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Prime Dividend's historical price patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Prime Dividend Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Prime Dividend time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Prime Dividend Corp price movement. The serial correlation of -0.81 indicates that around 81.0% of current Prime Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Prime Dividend Corp lagged returns against current returns
Autocorrelation, which is Prime Dividend 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 Prime Dividend's stock expected returns. We can calculate the autocorrelation of Prime Dividend returns to help us make a trade decision. For example, suppose you find that Prime Dividend 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 |
Prime Dividend 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 Prime Dividend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Dividend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Dividend stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Dividend Lagged Returns
When evaluating Prime Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Dividend stock have on its future price. Prime Dividend 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, Prime Dividend autocorrelation shows the relationship between Prime Dividend stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Dividend Corp.
Regressed Prices |
| Timeline |
Pair Trading with Prime Dividend
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 Prime Dividend 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 Prime Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Prime Stock
| 0.82 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.86 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.84 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.83 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Prime Stock
| 0.54 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Prime Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Dividend 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 Prime Dividend - 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 Prime Dividend Corp to buy it.
The correlation of Prime Dividend 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 Prime Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Dividend Corp 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 Prime Dividend 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 Prime Stock
Prime Dividend financial ratios help investors to determine whether Prime 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 Prime with respect to the benefits of owning Prime Dividend security.