Prime Mining Corp Stock Market Value
| PRMNF Stock | USD 1.16 0.05 4.50% |
| Symbol | Prime |
Prime Mining '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 Mining's otc 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 Mining.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Prime Mining on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Prime Mining Corp or generate 0.0% return on investment in Prime Mining over 30 days. Prime Mining is related to or competes with Hannan Metals, Filo Mining, and Surge Battery. Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico More
Prime Mining 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 Mining's otc 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 Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 30.0 | |||
| Value At Risk | (7.81) | |||
| Potential Upside | 7.29 |
Prime Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Mining's standard deviation. In reality, there are many statistical measures that can use Prime Mining historical prices to predict the future Prime Mining's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.34) |
Prime Mining Corp Backtested Returns
Prime Mining Corp maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Prime Mining Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Mining's Coefficient Of Variation of (2,976), variance of 28.45, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prime Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Mining is expected to be smaller as well. At this point, Prime Mining Corp has a negative expected return of -0.0412%. Please make sure to check Prime Mining's day median price, period momentum indicator, as well as the relationship between the kurtosis and maximum drawdown , to decide if Prime Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Prime Mining Corp has virtually no predictability. Overlapping area represents the amount of predictability between Prime Mining time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 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 Prime Mining Corp price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Prime Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prime Mining Corp lagged returns against current returns
Autocorrelation, which is Prime Mining otc 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 Mining's otc stock expected returns. We can calculate the autocorrelation of Prime Mining returns to help us make a trade decision. For example, suppose you find that Prime Mining has exhibited high autocorrelation historically, and you observe that the otc 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 Mining 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 Mining otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Mining otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Mining otc stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Mining Lagged Returns
When evaluating Prime Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Mining otc stock have on its future price. Prime Mining 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 Mining autocorrelation shows the relationship between Prime Mining otc stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Mining Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prime OTC Stock
Prime Mining financial ratios help investors to determine whether Prime OTC 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 Mining security.