Primemd Stock Market Value
| PRMD Stock | USD 0.0005 0.0002 66.67% |
| Symbol | Primemd |
Primemd '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 Primemd's pink sheet 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 Primemd.
| 01/04/2024 |
| 12/24/2025 |
If you would invest 0.00 in Primemd on January 4, 2024 and sell it all today you would earn a total of 0.00 from holding Primemd or generate 0.0% return on investment in Primemd over 720 days. Primemd Inc., together with its subsidiaries, is engaged in the purchase and development of residential and commercial r... More
Primemd 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 Primemd's pink sheet 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 Primemd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1179 |
Primemd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primemd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primemd's standard deviation. In reality, there are many statistical measures that can use Primemd historical prices to predict the future Primemd's volatility.| Risk Adjusted Performance | 0.0975 | |||
| Jensen Alpha | 1.13 | |||
| Total Risk Alpha | 0.3499 | |||
| Treynor Ratio | (0.75) |
Primemd Backtested Returns
Primemd is out of control given 3 months investment horizon. Primemd 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 collected data for eighteen different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Primemd Risk Adjusted Performance of 0.0975, coefficient of variation of 793.73, and Variance of 70.55 to evaluate company specific risk that cannot be diversified away. Primemd holds a performance score of 10 on a scale of zero to a hundred. The company holds a Beta of -1.4, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Primemd are expected to decrease by larger amounts. On the other hand, during market turmoil, Primemd is expected to outperform it. Use Primemd standard deviation, skewness, as well as the relationship between the Skewness and day median price , to analyze future returns on Primemd.
Auto-correlation | -0.07 |
Very weak reverse predictability
Primemd has very weak reverse predictability. Overlapping area represents the amount of predictability between Primemd time series from 4th of January 2024 to 29th of December 2024 and 29th of December 2024 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Primemd price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Primemd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Primemd lagged returns against current returns
Autocorrelation, which is Primemd pink sheet'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 Primemd's pink sheet expected returns. We can calculate the autocorrelation of Primemd returns to help us make a trade decision. For example, suppose you find that Primemd has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Primemd 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 Primemd pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primemd pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primemd pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Primemd Lagged Returns
When evaluating Primemd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primemd pink sheet have on its future price. Primemd 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, Primemd autocorrelation shows the relationship between Primemd pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Primemd.
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.Other Information on Investing in Primemd Pink Sheet
Primemd financial ratios help investors to determine whether Primemd Pink Sheet 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 Primemd with respect to the benefits of owning Primemd security.