Premier Health Of Stock Market Value
| PHA Stock | CAD 0.14 0.01 6.67% |
| Symbol | Premier |
Premier Health Price To Book Ratio
Premier Health '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 Health'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 Premier Health.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Premier Health on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Premier Health of or generate 0.0% return on investment in Premier Health over 30 days. Premier Health is related to or competes with Extendicare, Sienna Senior, Chemtrade Logistics, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. Premier Health of America Inc., a specialized healthcare services company, provides staffing and outsourced service solu... More
Premier Health 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 Health'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 Premier Health of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 37.22 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Premier Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Health's standard deviation. In reality, there are many statistical measures that can use Premier Health historical prices to predict the future Premier Health's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | 0.1443 |
Premier Health Backtested Returns
Premier Health maintains Sharpe Ratio (i.e., Efficiency) of -0.0249, which implies the firm had a -0.0249% return per unit of risk over the last 3 months. Premier Health exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier Health's Coefficient Of Variation of (4,584), variance of 34.58, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.96, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Premier Health are expected to decrease slowly. On the other hand, during market turmoil, Premier Health is expected to outperform it slightly. At this point, Premier Health has a negative expected return of -0.15%. Please make sure to check Premier Health's total risk alpha and the relationship between the skewness and relative strength index , to decide if Premier Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Premier Health of has very weak reverse predictability. Overlapping area represents the amount of predictability between Premier Health time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Health price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Premier Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Premier Health lagged returns against current returns
Autocorrelation, which is Premier Health 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 Premier Health's stock expected returns. We can calculate the autocorrelation of Premier Health returns to help us make a trade decision. For example, suppose you find that Premier Health 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 |
Premier Health 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 Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Health stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Health Lagged Returns
When evaluating Premier Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Health stock have on its future price. Premier Health 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 Health autocorrelation shows the relationship between Premier Health stock current value and its past values and can show if there is a momentum factor associated with investing in Premier Health of.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Premier Stock Analysis
When running Premier Health's price analysis, check to measure Premier Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Premier Health is operating at the current time. Most of Premier Health's value examination focuses on studying past and present price action to predict the probability of Premier Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier Health's price. Additionally, you may evaluate how the addition of Premier Health to your portfolios can decrease your overall portfolio volatility.