Prime Energy (Israel) Market Value
| PRIM Stock | ILA 670.60 11.40 1.67% |
| Symbol | Prime |
Prime Energy '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 Prime Energy'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 Prime Energy.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Prime Energy on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Energy PE or generate 0.0% return on investment in Prime Energy over 60 days. Prime Energy is related to or competes with Enlight Renewable, Energix Renewable, Brainsway, Mivne Real, Photomyne, Israel Land, and Bezeq Israeli. Ltd engages in the renewable energy business in Israel and internationally More
Prime Energy 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 Prime Energy'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 Prime Energy PE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.61 | |||
| Information Ratio | 0.1291 | |||
| Maximum Drawdown | 40.46 | |||
| Value At Risk | (7.29) | |||
| Potential Upside | 14.03 |
Prime Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Energy's standard deviation. In reality, there are many statistical measures that can use Prime Energy historical prices to predict the future Prime Energy's volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.8454 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1722 | |||
| Treynor Ratio | 1.58 |
Prime Energy PE Backtested Returns
Prime Energy is very steady given 3 months investment horizon. Prime Energy PE maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Prime Energy Coefficient Of Variation of 665.16, risk adjusted performance of 0.1241, and Semi Deviation of 3.77 to evaluate company specific risk that cannot be diversified away. Prime Energy holds a performance score of 13 on a scale of zero to a hundred. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prime Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Energy is expected to be smaller as well. Use Prime Energy coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on Prime Energy.
Auto-correlation | -0.1 |
Very weak reverse predictability
Prime Energy PE has very weak reverse predictability. Overlapping area represents the amount of predictability between Prime Energy time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Prime Energy PE price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Prime Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1643.41 |
Prime Energy PE lagged returns against current returns
Autocorrelation, which is Prime Energy 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 Prime Energy's stock expected returns. We can calculate the autocorrelation of Prime Energy returns to help us make a trade decision. For example, suppose you find that Prime Energy 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 |
Prime Energy 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 Prime Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Energy Lagged Returns
When evaluating Prime Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Energy stock have on its future price. Prime Energy 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, Prime Energy autocorrelation shows the relationship between Prime Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Energy PE.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Prime Stock
Prime Energy financial ratios help investors to determine whether Prime 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 Prime with respect to the benefits of owning Prime Energy security.