Premier African Minerals Stock Market Value
| PRMMF Stock | 0.0003 0 83.33% |
| Symbol | Premier |
Premier African '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 Premier African'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 Premier African.
| 03/22/2023 |
| 03/11/2025 |
If you would invest 0.00 in Premier African on March 22, 2023 and sell it all today you would earn a total of 0.00 from holding Premier African Minerals or generate 0.0% return on investment in Premier African over 720 days.
Premier African 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 Premier African'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 Premier African Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0951 | |||
| Maximum Drawdown | 58.33 |
Premier African Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier African's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier African's standard deviation. In reality, there are many statistical measures that can use Premier African historical prices to predict the future Premier African's volatility.| Risk Adjusted Performance | 0.0843 | |||
| Jensen Alpha | 6.42 | |||
| Total Risk Alpha | 11.8 | |||
| Treynor Ratio | 0.7906 |
Premier African Minerals Backtested Returns
Premier African is out of control given 3 months investment horizon. Premier African Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.0769, which implies the firm had a 0.0769 % return per unit of risk over the last 3 months. We have collected data for twenty different technical indicators, which can help you to evaluate if expected returns of 5.15% are justified by taking the suggested risk. Use Premier African Risk Adjusted Performance of 0.0843, coefficient of variation of 1062.8, and Variance of 3891.28 to evaluate company specific risk that cannot be diversified away. Premier African holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of 7.41, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Premier African will likely underperform. Use Premier African jensen alpha, as well as the relationship between the accumulation distribution and day typical price , to analyze future returns on Premier African.
Auto-correlation | 0.86 |
Very good predictability
Premier African Minerals has very good predictability. Overlapping area represents the amount of predictability between Premier African time series from 22nd of March 2023 to 16th of March 2024 and 16th of March 2024 to 11th of March 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 Premier African Minerals price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Premier African price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Premier African Minerals lagged returns against current returns
Autocorrelation, which is Premier African 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 Premier African's pink sheet expected returns. We can calculate the autocorrelation of Premier African returns to help us make a trade decision. For example, suppose you find that Premier African 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 |
Premier African 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 Premier African pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier African pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier African pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Premier African Lagged Returns
When evaluating Premier African's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier African pink sheet have on its future price. Premier African 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, Premier African autocorrelation shows the relationship between Premier African pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Premier African Minerals.
Regressed Prices |
| Timeline |
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