Painreform Stock Market Value
| PRFX Stock | USD 3.20 0.96 23.08% |
| Symbol | Painreform |
Painreform Price To Book Ratio
Is Biotechnology 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 Painreform. If investors know Painreform 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 Painreform listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (147.36) | Return On Assets (1.95) | Return On Equity (7.17) |
The market value of Painreform is measured differently than its book value, which is the value of Painreform that is recorded on the company's balance sheet. Investors also form their own opinion of Painreform's value that differs from its market value or its book value, called intrinsic value, which is Painreform's 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 Painreform's market value can be influenced by many factors that don't directly affect Painreform's 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 Painreform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Painreform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Painreform'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.
Painreform '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 Painreform'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 Painreform.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Painreform on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Painreform or generate 0.0% return on investment in Painreform over 360 days. Painreform is related to or competes with Regencell Bioscience, Procaps Group, Universe Pharmaceuticals, Flora Growth, and INC Research. PainReform Ltd., a clinical stage specialty pharmaceutical company, engages in the development of therapeutics that prov... More
Painreform 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 Painreform'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 Painreform upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.13 | |||
| Information Ratio | 0.0132 | |||
| Maximum Drawdown | 187.4 | |||
| Value At Risk | (19.48) | |||
| Potential Upside | 13.13 |
Painreform Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Painreform's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Painreform's standard deviation. In reality, there are many statistical measures that can use Painreform historical prices to predict the future Painreform's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | 0.4717 | |||
| Total Risk Alpha | (2.51) | |||
| Sortino Ratio | 0.0265 | |||
| Treynor Ratio | (0.51) |
Painreform Backtested Returns
Painreform appears to be very risky, given 3 months investment horizon. Painreform maintains Sharpe Ratio (i.e., Efficiency) of 0.0192, which implies the firm had a 0.0192% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Painreform, which you can use to evaluate the volatility of the company. Please evaluate Painreform's Risk Adjusted Performance of 0.0235, semi deviation of 10.52, and Coefficient Of Variation of 5508.49 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Painreform holds a performance score of 1. The company holds a Beta of -0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Painreform are expected to decrease at a much lower rate. During the bear market, Painreform is likely to outperform the market. Please check Painreform's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Painreform's historical price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Painreform has very good predictability. Overlapping area represents the amount of predictability between Painreform time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 Painreform price movement. The serial correlation of 0.81 indicates that around 81.0% of current Painreform price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 22.28 |
Painreform lagged returns against current returns
Autocorrelation, which is Painreform 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 Painreform's stock expected returns. We can calculate the autocorrelation of Painreform returns to help us make a trade decision. For example, suppose you find that Painreform 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 |
Painreform 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 Painreform stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Painreform stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Painreform stock over time.
Current vs Lagged Prices |
| Timeline |
Painreform Lagged Returns
When evaluating Painreform's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Painreform stock have on its future price. Painreform 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, Painreform autocorrelation shows the relationship between Painreform stock current value and its past values and can show if there is a momentum factor associated with investing in Painreform.
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 Painreform Stock Analysis
When running Painreform's price analysis, check to measure Painreform'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 Painreform is operating at the current time. Most of Painreform's value examination focuses on studying past and present price action to predict the probability of Painreform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Painreform's price. Additionally, you may evaluate how the addition of Painreform to your portfolios can decrease your overall portfolio volatility.