Premier Stock Market Value
| PINC Stock | USD 22.84 0.42 1.87% |
| Symbol | Premier |
Premier Price To Book Ratio
Is Health Care Providers & Services 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 Premier. If investors know Premier 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 Premier listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.877 | Dividend Share 0.84 | Earnings Share 1.39 | Revenue Per Share 12.155 | Quarterly Revenue Growth (0.08) |
The market value of Premier is measured differently than its book value, which is the value of Premier that is recorded on the company's balance sheet. Investors also form their own opinion of Premier's value that differs from its market value or its book value, called intrinsic value, which is Premier'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 Premier's market value can be influenced by many factors that don't directly affect Premier'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 Premier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premier'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.
Premier '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'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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Premier on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Premier or generate 0.0% return on investment in Premier over 30 days. Premier is related to or competes with National Research, Definitive Healthcare, HealthStream, Privia Health, Certara, Health Catalyst, and Evolent Health. Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States More
Premier 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 14.94 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.68 |
Premier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier's standard deviation. In reality, there are many statistical measures that can use Premier historical prices to predict the future Premier's volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.0802 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0634 | |||
| Treynor Ratio | 0.1696 |
Premier Backtested Returns
Premier appears to be very steady, given 3 months investment horizon. Premier maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Premier, which you can use to evaluate the volatility of the company. Please evaluate Premier's Semi Deviation of 1.28, coefficient of variation of 1067.9, and Risk Adjusted Performance of 0.0779 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Premier holds a performance score of 8. The company holds a Beta of 1.14, which implies a somewhat significant risk relative to the market. Premier returns are very sensitive to returns on the market. As the market goes up or down, Premier is expected to follow. Please check Premier's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Premier's historical price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Premier has modest reverse predictability. Overlapping area represents the amount of predictability between Premier time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Premier price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Premier lagged returns against current returns
Autocorrelation, which is Premier 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's stock expected returns. We can calculate the autocorrelation of Premier returns to help us make a trade decision. For example, suppose you find that Premier 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Lagged Returns
When evaluating Premier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier stock have on its future price. Premier 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 autocorrelation shows the relationship between Premier stock current value and its past values and can show if there is a momentum factor associated with investing in Premier.
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.When determining whether Premier offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Premier's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Premier Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Premier Stock:Check out Premier Correlation, Premier Volatility and Premier Alpha and Beta module to complement your research on Premier. For information on how to trade Premier Stock refer to our How to Trade Premier Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Premier 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.