Primorus Investments (UK) Market Value
| PRIM Stock | 4.00 0.00 0.00% |
| Symbol | Primorus |
Primorus Investments '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 Primorus Investments' 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 Primorus Investments.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Primorus Investments on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Primorus Investments plc or generate 0.0% return on investment in Primorus Investments over 510 days. Primorus Investments is related to or competes with Catalyst Media, Oncimmune Holdings, Invesco Health, Coor Service, Surgical Science, Mereo BioPharma, and SPDR SP. Primorus Investments is entity of United Kingdom More
Primorus Investments 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 Primorus Investments' 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 Primorus Investments plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | 0.0796 | |||
| Maximum Drawdown | 25.61 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 7.57 |
Primorus Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primorus Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primorus Investments' standard deviation. In reality, there are many statistical measures that can use Primorus Investments historical prices to predict the future Primorus Investments' volatility.| Risk Adjusted Performance | 0.0948 | |||
| Jensen Alpha | 0.3814 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | 1.33 |
Primorus Investments plc Backtested Returns
Primorus Investments appears to be relatively risky, given 3 months investment horizon. Primorus Investments plc maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Primorus Investments plc, which you can use to evaluate the volatility of the company. Please evaluate Primorus Investments' Coefficient Of Variation of 879.76, risk adjusted performance of 0.0948, and Semi Deviation of 1.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Primorus Investments holds a performance score of 10. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Primorus Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Primorus Investments is expected to be smaller as well. Please check Primorus Investments' jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether Primorus Investments' historical price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Primorus Investments plc has modest predictability. Overlapping area represents the amount of predictability between Primorus Investments time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Primorus Investments plc price movement. The serial correlation of 0.51 indicates that about 51.0% of current Primorus Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Primorus Investments plc lagged returns against current returns
Autocorrelation, which is Primorus Investments 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 Primorus Investments' stock expected returns. We can calculate the autocorrelation of Primorus Investments returns to help us make a trade decision. For example, suppose you find that Primorus Investments 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 |
Primorus Investments 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 Primorus Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primorus Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primorus Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Primorus Investments Lagged Returns
When evaluating Primorus Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primorus Investments stock have on its future price. Primorus Investments 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, Primorus Investments autocorrelation shows the relationship between Primorus Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Primorus Investments plc.
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 Primorus Stock Analysis
When running Primorus Investments' price analysis, check to measure Primorus Investments' 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 Primorus Investments is operating at the current time. Most of Primorus Investments' value examination focuses on studying past and present price action to predict the probability of Primorus Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primorus Investments' price. Additionally, you may evaluate how the addition of Primorus Investments to your portfolios can decrease your overall portfolio volatility.