Priorityome Fund Market Value

PRIF-PJ Preferred Stock   23.57  0.05  0.21%   
Priorityome Fund's market value is the price at which a share of Priorityome Fund trades on a public exchange. It measures the collective expectations of Priorityome Fund investors about its performance. Priorityome Fund is selling for 23.57 as of the 27th of November 2024. This is a 0.21% up since the beginning of the trading day. The preferred stock's last reported lowest price was 23.48.
With this module, you can estimate the performance of a buy and hold strategy of Priorityome Fund and determine expected loss or profit from investing in Priorityome Fund over a given investment horizon. Check out Priorityome Fund Correlation, Priorityome Fund Volatility and Priorityome Fund Alpha and Beta module to complement your research on Priorityome Fund.
Symbol

Please note, there is a significant difference between Priorityome Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Priorityome Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Priorityome Fund'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.

Priorityome Fund '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 Priorityome Fund's preferred 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 Priorityome Fund.
0.00
09/28/2024
No Change 0.00  0.0 
In 2 months and 2 days
11/27/2024
0.00
If you would invest  0.00  in Priorityome Fund on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Priorityome Fund or generate 0.0% return on investment in Priorityome Fund over 60 days. Priorityome Fund is related to or competes with Priorityome Fund, Priorityome Fund, Priorityome Fund, and Priorityome Fund. More

Priorityome Fund 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 Priorityome Fund's preferred 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 Priorityome Fund upside and downside potential and time the market with a certain degree of confidence.

Priorityome Fund Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Priorityome Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Priorityome Fund's standard deviation. In reality, there are many statistical measures that can use Priorityome Fund historical prices to predict the future Priorityome Fund's volatility.
Hype
Prediction
LowEstimatedHigh
23.0823.5724.06
Details
Intrinsic
Valuation
LowRealHigh
21.2127.3027.79
Details
Naive
Forecast
LowNextHigh
22.9523.4523.94
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.9723.3423.71
Details

Priorityome Fund Backtested Returns

Priorityome Fund is very steady at the moment. Priorityome Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Priorityome Fund, which you can use to evaluate the volatility of the company. Please check Priorityome Fund's Semi Deviation of 0.3974, coefficient of variation of 639.54, and Risk Adjusted Performance of 0.1137 to confirm if the risk estimate we provide is consistent with the expected return of 0.0766%. Priorityome Fund has a performance score of 12 on a scale of 0 to 100. The company holds a Beta of -0.0385, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Priorityome Fund are expected to decrease at a much lower rate. During the bear market, Priorityome Fund is likely to outperform the market. Priorityome Fund right now holds a risk of 0.49%. Please check Priorityome Fund coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Priorityome Fund will be following its historical price patterns.

Auto-correlation

    
  -0.58  

Good reverse predictability

Priorityome Fund has good reverse predictability. Overlapping area represents the amount of predictability between Priorityome Fund time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Priorityome Fund price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Priorityome Fund price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.56
Residual Average0.0
Price Variance0.03

Priorityome Fund lagged returns against current returns

Autocorrelation, which is Priorityome Fund preferred 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 Priorityome Fund's preferred stock expected returns. We can calculate the autocorrelation of Priorityome Fund returns to help us make a trade decision. For example, suppose you find that Priorityome Fund has exhibited high autocorrelation historically, and you observe that the preferred 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  

Priorityome Fund 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 Priorityome Fund preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Priorityome Fund preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Priorityome Fund preferred stock over time.
   Current vs Lagged Prices   
       Timeline  

Priorityome Fund Lagged Returns

When evaluating Priorityome Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Priorityome Fund preferred stock have on its future price. Priorityome Fund 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, Priorityome Fund autocorrelation shows the relationship between Priorityome Fund preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Priorityome Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Priorityome Preferred Stock

Priorityome Fund financial ratios help investors to determine whether Priorityome Preferred 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 Priorityome with respect to the benefits of owning Priorityome Fund security.