Prime Office (Denmark) Market Value
| PRIMOF Stock | DKK 172.00 2.00 1.18% |
| Symbol | Prime |
Prime Office '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 Office'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 Office.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Prime Office on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Prime Office AS or generate 0.0% return on investment in Prime Office over 720 days. Prime Office is related to or competes with BioPorto, Agat Ejendomme, and PF Atlantic. It primarily invests in centrally located office buildings in Germany More
Prime Office 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 Office'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 Office AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.07 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.27 |
Prime Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Office's standard deviation. In reality, there are many statistical measures that can use Prime Office historical prices to predict the future Prime Office's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.35) |
Prime Office AS Backtested Returns
Prime Office AS maintains Sharpe Ratio (i.e., Efficiency) of -0.0187, which implies the firm had a -0.0187% return per unit of risk over the last 3 months. Prime Office AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Office's Variance of 2.71, coefficient of variation of (2,575), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prime Office's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Office is expected to be smaller as well. At this point, Prime Office AS has a negative expected return of -0.0304%. Please make sure to check Prime Office's maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to decide if Prime Office AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Prime Office AS has average predictability. Overlapping area represents the amount of predictability between Prime Office time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Office AS price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Prime Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 26.74 |
Prime Office AS lagged returns against current returns
Autocorrelation, which is Prime Office 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 Office's stock expected returns. We can calculate the autocorrelation of Prime Office returns to help us make a trade decision. For example, suppose you find that Prime Office 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 Office 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 Office stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Office stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Office stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Office Lagged Returns
When evaluating Prime Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Office stock have on its future price. Prime Office 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 Office autocorrelation shows the relationship between Prime Office stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Office AS.
Regressed Prices |
| Timeline |
Pair Trading with Prime Office
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prime Office position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prime Office will appreciate offsetting losses from the drop in the long position's value.Moving together with Prime Stock
Moving against Prime Stock
The ability to find closely correlated positions to Prime Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Office when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prime Office - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prime Office AS to buy it.
The correlation of Prime Office is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prime Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Office AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prime Office can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Prime Stock
Prime Office 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 Office security.