Prime Meridian Holding Stock Market Value
| PMHG Stock | USD 28.99 0.74 2.62% |
| Symbol | Prime |
Prime Meridian '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 Prime Meridian's otc 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 Prime Meridian.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Prime Meridian on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Prime Meridian Holding or generate 0.0% return on investment in Prime Meridian over 720 days. Prime Meridian is related to or competes with Village Bank, William Penn, and Pathfinder Bancorp. Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consum... More
Prime Meridian 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 Prime Meridian's otc 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 Prime Meridian Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0895 | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 4.02 |
Prime Meridian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Meridian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Meridian's standard deviation. In reality, there are many statistical measures that can use Prime Meridian historical prices to predict the future Prime Meridian's volatility.| Risk Adjusted Performance | 0.123 | |||
| Jensen Alpha | 0.2431 | |||
| Total Risk Alpha | 0.03 | |||
| Sortino Ratio | 0.0589 | |||
| Treynor Ratio | 2.98 |
Prime Meridian Holding Backtested Returns
Prime Meridian appears to be very steady, given 3 months investment horizon. Prime Meridian Holding maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prime Meridian Holding, which you can use to evaluate the volatility of the company. Please evaluate Prime Meridian's Risk Adjusted Performance of 0.123, semi deviation of 1.03, and Coefficient Of Variation of 649.36 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prime Meridian holds a performance score of 15. The company holds a Beta of 0.0845, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prime Meridian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Meridian is expected to be smaller as well. Please check Prime Meridian's 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 make a quick decision on whether Prime Meridian's historical price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Prime Meridian Holding has poor reverse predictability. Overlapping area represents the amount of predictability between Prime Meridian time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Prime Meridian Holding price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Prime Meridian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
Prime Meridian Holding lagged returns against current returns
Autocorrelation, which is Prime Meridian otc 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 Prime Meridian's otc stock expected returns. We can calculate the autocorrelation of Prime Meridian returns to help us make a trade decision. For example, suppose you find that Prime Meridian has exhibited high autocorrelation historically, and you observe that the otc 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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Prime Meridian 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 Prime Meridian otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Meridian otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Meridian otc stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Meridian Lagged Returns
When evaluating Prime Meridian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Meridian otc stock have on its future price. Prime Meridian 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, Prime Meridian autocorrelation shows the relationship between Prime Meridian otc stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Meridian Holding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prime OTC Stock
Prime Meridian financial ratios help investors to determine whether Prime OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prime with respect to the benefits of owning Prime Meridian security.