Prime Focus (India) Market Value
| PFOCUS Stock | 124.15 2.37 1.87% |
| Symbol | Prime |
Prime Focus '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 Focus' 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 Focus.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Prime Focus on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Prime Focus Limited or generate 0.0% return on investment in Prime Focus over 720 days. Prime Focus is related to or competes with Country Club, Hexa Tradex, Tree House, Byke Hospitality, Praxis Home, Bajaj Healthcare, and Baazar Style. Prime Focus is entity of India. It is traded as Stock on NSE exchange. More
Prime Focus 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 Focus' 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 Focus Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 4.58 |
Prime Focus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Focus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Focus' standard deviation. In reality, there are many statistical measures that can use Prime Focus historical prices to predict the future Prime Focus' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prime Focus' 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.
Prime Focus Limited Backtested Returns
Prime Focus Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0542, which implies the firm had a -0.0542% return per unit of risk over the last 3 months. Prime Focus Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Focus' Coefficient Of Variation of (1,724), variance of 7.56, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prime Focus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Focus is expected to be smaller as well. At this point, Prime Focus Limited has a negative expected return of -0.15%. Please make sure to check Prime Focus' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Prime Focus Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Prime Focus Limited has poor predictability. Overlapping area represents the amount of predictability between Prime Focus time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 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 Focus Limited price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Prime Focus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 313.0 |
Prime Focus Limited lagged returns against current returns
Autocorrelation, which is Prime Focus 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 Focus' stock expected returns. We can calculate the autocorrelation of Prime Focus returns to help us make a trade decision. For example, suppose you find that Prime Focus 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 Focus 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 Focus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Focus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Focus stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Focus Lagged Returns
When evaluating Prime Focus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Focus stock have on its future price. Prime Focus 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 Focus autocorrelation shows the relationship between Prime Focus stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Focus Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Prime Stock
Prime Focus 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 Focus security.