Prime Holding's market value is the price at which a share of Prime Holding trades on a public exchange. It measures the collective expectations of Prime Holding investors about its performance. Prime Holding is trading at 0.63 as of the 25th of November 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.61. With this module, you can estimate the performance of a buy and hold strategy of Prime Holding and determine expected loss or profit from investing in Prime Holding over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Prime
Prime Holding '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 Holding'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 Holding.
0.00
06/04/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/25/2024
0.00
If you would invest 0.00 in Prime Holding on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Prime Holding or generate 0.0% return on investment in Prime Holding over 540 days.
Prime Holding 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 Holding'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 Holding upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Holding's standard deviation. In reality, there are many statistical measures that can use Prime Holding historical prices to predict the future Prime Holding's volatility.
At this point, Prime Holding is dangerous. Prime Holding maintains Sharpe Ratio (i.e., Efficiency) of 0.0729, which implies the firm had a 0.0729% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prime Holding, which you can use to evaluate the volatility of the company. Please check Prime Holding's Semi Deviation of 1.27, risk adjusted performance of 0.0129, and Coefficient Of Variation of 10995.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Prime Holding has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prime Holding are expected to decrease at a much lower rate. During the bear market, Prime Holding is likely to outperform the market. Prime Holding right now holds a risk of 2.0%. Please check Prime Holding coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Prime Holding will be following its historical price patterns.
Auto-correlation
-0.5
Modest reverse predictability
Prime Holding has modest reverse predictability. Overlapping area represents the amount of predictability between Prime Holding time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Holding price movement. The serial correlation of -0.5 indicates that about 50.0% of current Prime Holding price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.5
Spearman Rank Test
-0.41
Residual Average
0.0
Price Variance
0.0
Prime Holding lagged returns against current returns
Autocorrelation, which is Prime Holding 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 Holding's stock expected returns. We can calculate the autocorrelation of Prime Holding returns to help us make a trade decision. For example, suppose you find that Prime Holding 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 Holding 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 Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Holding stock over time.
Current vs Lagged Prices
Timeline
Prime Holding Lagged Returns
When evaluating Prime Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Holding stock have on its future price. Prime Holding 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 Holding autocorrelation shows the relationship between Prime Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Holding.
Regressed Prices
Timeline
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