Palomar Holdings Stock Market Value
| PLMR Stock | USD 108.32 0.35 0.32% |
| Symbol | Palomar |
Palomar Holdings Price To Book Ratio
Is Property & Casualty Insurance 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 Palomar Holdings. If investors know Palomar 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 Palomar Holdings 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 0.575 | Earnings Share 4.22 | Revenue Per Share 20.074 | Quarterly Revenue Growth 0.633 | Return On Assets 0.0454 |
The market value of Palomar Holdings is measured differently than its book value, which is the value of Palomar that is recorded on the company's balance sheet. Investors also form their own opinion of Palomar Holdings' value that differs from its market value or its book value, called intrinsic value, which is Palomar Holdings' 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 Palomar Holdings' market value can be influenced by many factors that don't directly affect Palomar Holdings' 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 Palomar Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palomar Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palomar Holdings' 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.
Palomar Holdings '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 Palomar Holdings' 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 Palomar Holdings.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Palomar Holdings on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Palomar Holdings or generate 0.0% return on investment in Palomar Holdings over 30 days. Palomar Holdings is related to or competes with Horace Mann, Kemper, RLI Corp, Global Indemnity, Argo Group, Selective Insurance, and Stewart Information. Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercia... More
Palomar Holdings 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 Palomar Holdings' 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 Palomar Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0583 | |||
| Maximum Drawdown | 12.94 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 4.52 |
Palomar Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palomar Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palomar Holdings' standard deviation. In reality, there are many statistical measures that can use Palomar Holdings historical prices to predict the future Palomar Holdings' volatility.| Risk Adjusted Performance | 0.0887 | |||
| Jensen Alpha | 0.0874 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0661 | |||
| Treynor Ratio | 0.1609 |
Palomar Holdings Backtested Returns
Currently, Palomar Holdings is very steady. Palomar Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0859, which implies the firm had a 0.0859% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Palomar Holdings, which you can use to evaluate the volatility of the company. Please check Palomar Holdings' Semi Deviation of 1.81, risk adjusted performance of 0.0887, and Coefficient Of Variation of 928.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Palomar Holdings has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 1.42, 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, Palomar Holdings will likely underperform. Palomar Holdings right now holds a risk of 2.2%. Please check Palomar Holdings expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Palomar Holdings will be following its historical price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Palomar Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Palomar Holdings time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Palomar Holdings price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Palomar Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 11.33 |
Palomar Holdings lagged returns against current returns
Autocorrelation, which is Palomar Holdings 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 Palomar Holdings' stock expected returns. We can calculate the autocorrelation of Palomar Holdings returns to help us make a trade decision. For example, suppose you find that Palomar Holdings 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 |
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Palomar Holdings 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 Palomar Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palomar Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palomar Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Palomar Holdings Lagged Returns
When evaluating Palomar Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palomar Holdings stock have on its future price. Palomar Holdings 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, Palomar Holdings autocorrelation shows the relationship between Palomar Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Palomar Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Palomar Holdings
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 Palomar Holdings 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 Palomar Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Palomar Stock
The ability to find closely correlated positions to Palomar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palomar Holdings 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 Palomar Holdings - 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 Palomar Holdings to buy it.
The correlation of Palomar Holdings 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 Palomar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palomar Holdings 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 Palomar Holdings 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.Additional Tools for Palomar Stock Analysis
When running Palomar Holdings' price analysis, check to measure Palomar Holdings' 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 Palomar Holdings is operating at the current time. Most of Palomar Holdings' value examination focuses on studying past and present price action to predict the probability of Palomar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palomar Holdings' price. Additionally, you may evaluate how the addition of Palomar Holdings to your portfolios can decrease your overall portfolio volatility.