Premier African (UK) Market Value
| PREM Stock | 0.03 0.0005 1.61% |
| Symbol | Premier |
Premier African '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 Premier African's 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 Premier African.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Premier African on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Premier African Minerals or generate 0.0% return on investment in Premier African over 30 days. Premier African is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Amaroq Minerals, and Central Asia. Premier African is entity of United Kingdom More
Premier African 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 Premier African's 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 Premier African Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 67.73 | |||
| Value At Risk | (9.41) | |||
| Potential Upside | 10.39 |
Premier African Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier African's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier African's standard deviation. In reality, there are many statistical measures that can use Premier African historical prices to predict the future Premier African's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.84) | |||
| Treynor Ratio | (0.40) |
Premier African Minerals Backtested Returns
Premier African Minerals maintains Sharpe Ratio (i.e., Efficiency) of -0.0742, which implies the firm had a -0.0742% return per unit of risk over the last 3 months. Premier African Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier African's Risk Adjusted Performance of (0.02), coefficient of variation of (2,588), and Variance of 88.66 to confirm the risk estimate we provide. The company holds a Beta of 0.94, which implies possible diversification benefits within a given portfolio. Premier African returns are very sensitive to returns on the market. As the market goes up or down, Premier African is expected to follow. At this point, Premier African Minerals has a negative expected return of -0.66%. Please make sure to check Premier African's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Premier African Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Premier African Minerals has virtually no predictability. Overlapping area represents the amount of predictability between Premier African time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Premier African Minerals price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Premier African price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Premier African Minerals lagged returns against current returns
Autocorrelation, which is Premier African 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 Premier African's stock expected returns. We can calculate the autocorrelation of Premier African returns to help us make a trade decision. For example, suppose you find that Premier African 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 |
Premier African 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 Premier African stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier African stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier African stock over time.
Current vs Lagged Prices |
| Timeline |
Premier African Lagged Returns
When evaluating Premier African's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier African stock have on its future price. Premier African 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, Premier African autocorrelation shows the relationship between Premier African stock current value and its past values and can show if there is a momentum factor associated with investing in Premier African Minerals.
Regressed Prices |
| Timeline |
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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.Additional Tools for Premier Stock Analysis
When running Premier African's price analysis, check to measure Premier African's 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 Premier African is operating at the current time. Most of Premier African's value examination focuses on studying past and present price action to predict the probability of Premier African's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier African's price. Additionally, you may evaluate how the addition of Premier African to your portfolios can decrease your overall portfolio volatility.