Primech Holdings Ltd Stock Market Value
| PMEC Stock | 0.74 0.03 3.90% |
| Symbol | Primech |
Primech Holdings Price To Book Ratio
Is Commercial Services & Supplies 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 Primech Holdings. If investors know Primech 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 Primech Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 2.138 | Quarterly Revenue Growth 0.028 | Return On Assets (0.07) | Return On Equity (0.27) |
The market value of Primech Holdings is measured differently than its book value, which is the value of Primech that is recorded on the company's balance sheet. Investors also form their own opinion of Primech Holdings' value that differs from its market value or its book value, called intrinsic value, which is Primech 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 Primech Holdings' market value can be influenced by many factors that don't directly affect Primech 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 Primech Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primech Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primech 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.
Primech 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 Primech 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 Primech Holdings.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Primech Holdings on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Primech Holdings Ltd or generate 0.0% return on investment in Primech Holdings over 540 days. Primech Holdings is related to or competes with Gap,, Lululemon Athletica, Fast Retailing, SEI Investments, Getty Realty, Tradeweb Markets, and Aegon NV. Primech Holdings is entity of United States More
Primech 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 Primech 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 Primech Holdings Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.17 | |||
| Information Ratio | 0.0503 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (10.39) | |||
| Potential Upside | 8.0 |
Primech Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primech Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primech Holdings' standard deviation. In reality, there are many statistical measures that can use Primech Holdings historical prices to predict the future Primech Holdings' volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.3848 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 0.8858 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primech Holdings' 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.
Primech Holdings Backtested Returns
Primech Holdings appears to be out of control, given 3 months investment horizon. Primech Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0735, which implies the firm had a 0.0735% return per unit of risk over the last 3 months. We have found thirty technical indicators for Primech Holdings, which you can use to evaluate the volatility of the company. Please evaluate Primech Holdings' Coefficient Of Variation of 1391.84, semi deviation of 4.99, and Risk Adjusted Performance of 0.0637 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Primech Holdings holds a performance score of 5. The company holds a Beta of 0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Primech Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Primech Holdings is expected to be smaller as well. Please check Primech Holdings' jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Primech Holdings' historical price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Primech Holdings Ltd has weak reverse predictability. Overlapping area represents the amount of predictability between Primech Holdings time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Primech Holdings price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Primech Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Primech Holdings lagged returns against current returns
Autocorrelation, which is Primech 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 Primech Holdings' stock expected returns. We can calculate the autocorrelation of Primech Holdings returns to help us make a trade decision. For example, suppose you find that Primech 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 |
| Timeline |
Primech 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 Primech Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primech Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primech Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Primech Holdings Lagged Returns
When evaluating Primech Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primech Holdings stock have on its future price. Primech 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, Primech Holdings autocorrelation shows the relationship between Primech Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Primech Holdings Ltd.
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 Primech Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Primech Holdings' 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 Primech Holdings Ltd Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Primech Holdings Ltd Stock:Check out Primech Holdings Correlation, Primech Holdings Volatility and Primech Holdings Alpha and Beta module to complement your research on Primech Holdings. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Primech Holdings 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.