Primega Group Holdings Stock Market Value
| PGHL Stock | 1.65 105.71 98.46% |
| Symbol | Primega |
Is Construction space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primega Group. If investors know Primega will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primega Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Primega Group Holdings is measured differently than its book value, which is the value of Primega that is recorded on the company's balance sheet. Investors also form their own opinion of Primega Group's value that differs from its market value or its book value, called intrinsic value, which is Primega Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primega Group's market value can be influenced by many factors that don't directly affect Primega Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primega Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primega Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primega Group's 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.
Primega Group '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 Primega Group'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 Primega Group.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Primega Group on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Primega Group Holdings or generate 0.0% return on investment in Primega Group over 90 days. Primega Group is related to or competes with Jabil Circuit, NextNav Warrant, Kandi Technologies, Pinterest, Nextplat Corp, and Mind Technology. More
Primega Group 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 Primega Group'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 Primega Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.71 | |||
| Information Ratio | 0.1191 | |||
| Maximum Drawdown | 1017.06 | |||
| Value At Risk | (15.20) | |||
| Potential Upside | 25.22 |
Primega Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primega Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primega Group's standard deviation. In reality, there are many statistical measures that can use Primega Group historical prices to predict the future Primega Group's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 11.5 | |||
| Total Risk Alpha | (3.54) | |||
| Sortino Ratio | 0.6089 | |||
| Treynor Ratio | 0.6587 |
Primega Group Holdings Backtested Returns
Primega Group is out of control given 3 months investment horizon. Primega Group Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have analyze and collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.2% are justified by taking the suggested risk. Use Primega Group Coefficient Of Variation of 832.14, risk adjusted performance of 0.102, and Semi Deviation of 15.89 to evaluate company specific risk that cannot be diversified away. Primega Group holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of 21.17, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Primega Group will likely underperform. Use Primega Group total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Primega Group.
Auto-correlation | 0.01 |
Virtually no predictability
Primega Group Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Primega Group time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Primega Group Holdings price movement. The serial correlation of 0.01 indicates that just 1.0% of current Primega Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 281.21 |
Primega Group Holdings lagged returns against current returns
Autocorrelation, which is Primega Group 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 Primega Group's stock expected returns. We can calculate the autocorrelation of Primega Group returns to help us make a trade decision. For example, suppose you find that Primega Group 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 |
Primega Group 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 Primega Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primega Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primega Group stock over time.
Current vs Lagged Prices |
| Timeline |
Primega Group Lagged Returns
When evaluating Primega Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primega Group stock have on its future price. Primega Group 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, Primega Group autocorrelation shows the relationship between Primega Group stock current value and its past values and can show if there is a momentum factor associated with investing in Primega Group Holdings.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Primega Group Correlation, Primega Group Volatility and Primega Group Alpha and Beta module to complement your research on Primega Group. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Primega Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.