Prime Meridian's market value is the price at which a share of Prime Meridian trades on a public exchange. It measures the collective expectations of Prime Meridian Holding investors about its performance. Prime Meridian is trading at 28.35 as of the 1st of February 2025. This is a 1.25% up since the beginning of the trading day. The stock's lowest day price was 27.26. With this module, you can estimate the performance of a buy and hold strategy of Prime Meridian Holding and determine expected loss or profit from investing in Prime Meridian over a given investment horizon. Check out Prime Meridian Correlation, Prime Meridian Volatility and Prime Meridian Alpha and Beta module to complement your research on Prime Meridian.
Please note, there is a significant difference between Prime Meridian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prime Meridian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prime Meridian'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.
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.
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01/02/2025
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In 30 days
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If you would invest 0.00 in Prime Meridian on January 2, 2025 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 30 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Prime Meridian. Your research has to be compared to or analyzed against Prime Meridian's peers to derive any actionable benefits. When done correctly, Prime Meridian's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Prime Meridian Holding.
Prime Meridian Holding Backtested Returns
At this point, Prime Meridian is very steady. Prime Meridian Holding 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-nine technical indicators for Prime Meridian Holding, which you can use to evaluate the volatility of the company. Please check Prime Meridian's Coefficient Of Variation of 524.16, semi deviation of 0.7013, and Risk Adjusted Performance of 0.1636 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Prime Meridian has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of -0.0253, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prime Meridian are expected to decrease at a much lower rate. During the bear market, Prime Meridian is likely to outperform the market. Prime Meridian Holding right now holds a risk of 1.3%. Please check Prime Meridian Holding 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 decide if Prime Meridian Holding will be following its historical price patterns.
Auto-correlation
-0.71
Almost perfect reverse predictability
Prime Meridian Holding has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Prime Meridian time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 -0.71 indicates that around 71.0% of current Prime Meridian price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.78
Residual Average
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Price Variance
0.11
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
Timeline
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.
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.