Pryme BV (Norway) Market Value
| PRYME Stock | NOK 1.49 0.46 23.59% |
| Symbol | Pryme |
Pryme BV '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 Pryme BV'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 Pryme BV.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pryme BV on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pryme BV or generate 0.0% return on investment in Pryme BV over 90 days. Pryme BV is related to or competes with Austevoll Seafood, Nordic Mining, Awilco Drilling, Nordic Semiconductor, and Arcticzymes Technologies. Pryme B.V., a cleantech company, focuses on converting plastic waste into valuable products through chemical recycling o... More
Pryme BV 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 Pryme BV'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 Pryme BV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 76.88 | |||
| Value At Risk | (9.65) | |||
| Potential Upside | 6.9 |
Pryme BV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pryme BV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pryme BV's standard deviation. In reality, there are many statistical measures that can use Pryme BV historical prices to predict the future Pryme BV's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.60) | |||
| Total Risk Alpha | (3.26) | |||
| Treynor Ratio | 4.54 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pryme BV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pryme BV Backtested Returns
Pryme BV maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the firm had a -0.18% return per unit of risk over the last 3 months. Pryme BV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pryme BV's Variance of 93.51, risk adjusted performance of (0.12), and Coefficient Of Variation of (589.85) to confirm the risk estimate we provide. The company holds a Beta of -0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pryme BV are expected to decrease at a much lower rate. During the bear market, Pryme BV is likely to outperform the market. At this point, Pryme BV has a negative expected return of -1.74%. Please make sure to check Pryme BV's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Pryme BV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Pryme BV has good predictability. Overlapping area represents the amount of predictability between Pryme BV time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Pryme BV price movement. The serial correlation of 0.68 indicates that around 68.0% of current Pryme BV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 3.24 |
Pryme BV lagged returns against current returns
Autocorrelation, which is Pryme BV 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 Pryme BV's stock expected returns. We can calculate the autocorrelation of Pryme BV returns to help us make a trade decision. For example, suppose you find that Pryme BV 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 |
Pryme BV 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 Pryme BV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pryme BV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pryme BV stock over time.
Current vs Lagged Prices |
| Timeline |
Pryme BV Lagged Returns
When evaluating Pryme BV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pryme BV stock have on its future price. Pryme BV 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, Pryme BV autocorrelation shows the relationship between Pryme BV stock current value and its past values and can show if there is a momentum factor associated with investing in Pryme BV.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Pryme Stock
Pryme BV financial ratios help investors to determine whether Pryme 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 Pryme with respect to the benefits of owning Pryme BV security.