Premium Brands Holdings Stock Market Value
| PRBZF Stock | USD 56.67 0.33 0.58% |
| Symbol | Premium |
Premium Brands '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 Premium Brands' pink sheet 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 Premium Brands.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Premium Brands on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Premium Brands Holdings or generate 0.0% return on investment in Premium Brands over 30 days. Premium Brands is related to or competes with Maple Leaf, Powerof Canada, North West, Badger Infrastructure, and Saputo. Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in C... More
Premium Brands 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 Premium Brands' pink sheet 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 Premium Brands Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.81 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.93 |
Premium Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premium Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premium Brands' standard deviation. In reality, there are many statistical measures that can use Premium Brands historical prices to predict the future Premium Brands' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.54) |
Premium Brands Holdings Backtested Returns
Premium Brands Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0509, which implies the firm had a -0.0509% return per unit of risk over the last 3 months. Premium Brands Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premium Brands' Risk Adjusted Performance of (0.03), variance of 7.08, and Coefficient Of Variation of (2,015) to confirm the risk estimate we provide. The company holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Premium Brands' returns are expected to increase less than the market. However, during the bear market, the loss of holding Premium Brands is expected to be smaller as well. At this point, Premium Brands Holdings has a negative expected return of -0.14%. Please make sure to check Premium Brands' maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Premium Brands Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Premium Brands Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Premium Brands 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 Premium Brands Holdings price movement. The serial correlation of 0.03 indicates that only 3.0% of current Premium Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Premium Brands Holdings lagged returns against current returns
Autocorrelation, which is Premium Brands pink sheet'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 Premium Brands' pink sheet expected returns. We can calculate the autocorrelation of Premium Brands returns to help us make a trade decision. For example, suppose you find that Premium Brands has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Premium Brands 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 Premium Brands pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premium Brands pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premium Brands pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Premium Brands Lagged Returns
When evaluating Premium Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premium Brands pink sheet have on its future price. Premium Brands 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, Premium Brands autocorrelation shows the relationship between Premium Brands pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Premium Brands Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Premium Pink Sheet
Premium Brands financial ratios help investors to determine whether Premium Pink Sheet 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 Premium with respect to the benefits of owning Premium Brands security.