Prestige Wealth Ordinary Stock Market Value
| PWM Stock | 0.95 0.08 7.77% |
| Symbol | Prestige |
Prestige Wealth Ordinary Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prestige Wealth. If investors know Prestige will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prestige Wealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.82) | Earnings Share (0.13) | Revenue Per Share 0.042 | Quarterly Revenue Growth (0.68) | Return On Assets (0.11) |
The market value of Prestige Wealth Ordinary is measured differently than its book value, which is the value of Prestige that is recorded on the company's balance sheet. Investors also form their own opinion of Prestige Wealth's value that differs from its market value or its book value, called intrinsic value, which is Prestige Wealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prestige Wealth's market value can be influenced by many factors that don't directly affect Prestige Wealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prestige Wealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prestige Wealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prestige Wealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Prestige Wealth '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 Prestige Wealth'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 Prestige Wealth.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Prestige Wealth on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Prestige Wealth Ordinary or generate 0.0% return on investment in Prestige Wealth over 720 days. Prestige Wealth is related to or competes with Sphere Entertainment, Bank of America, CT Real, Weibo Corp, Casio Computer, Old Republic, and MGIC Investment. Prestige Wealth is entity of United States More
Prestige Wealth 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 Prestige Wealth'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 Prestige Wealth Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 66.99 | |||
| Value At Risk | (11.67) | |||
| Potential Upside | 12.35 |
Prestige Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prestige Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prestige Wealth's standard deviation. In reality, there are many statistical measures that can use Prestige Wealth historical prices to predict the future Prestige Wealth's volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prestige Wealth'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.
Prestige Wealth Ordinary Backtested Returns
Prestige Wealth appears to be out of control, given 3 months investment horizon. Prestige Wealth Ordinary maintains Sharpe Ratio (i.e., Efficiency) of 0.0451, which implies the firm had a 0.0451% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Prestige Wealth Ordinary, which you can use to evaluate the volatility of the company. Please evaluate Prestige Wealth's Coefficient Of Variation of (12,259), risk adjusted performance of 0.0029, and Variance of 82.57 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prestige Wealth holds a performance score of 3. The company holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prestige Wealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prestige Wealth is expected to be smaller as well. Please check Prestige Wealth's value at risk, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether Prestige Wealth's historical price patterns will revert.
Auto-correlation | 0.90 |
Excellent predictability
Prestige Wealth Ordinary has excellent predictability. Overlapping area represents the amount of predictability between Prestige Wealth time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Prestige Wealth Ordinary price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Prestige Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Prestige Wealth Ordinary lagged returns against current returns
Autocorrelation, which is Prestige Wealth 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 Prestige Wealth's stock expected returns. We can calculate the autocorrelation of Prestige Wealth returns to help us make a trade decision. For example, suppose you find that Prestige Wealth 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 |
Prestige Wealth 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 Prestige Wealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prestige Wealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prestige Wealth stock over time.
Current vs Lagged Prices |
| Timeline |
Prestige Wealth Lagged Returns
When evaluating Prestige Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prestige Wealth stock have on its future price. Prestige Wealth 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, Prestige Wealth autocorrelation shows the relationship between Prestige Wealth stock current value and its past values and can show if there is a momentum factor associated with investing in Prestige Wealth Ordinary.
Regressed Prices |
| Timeline |
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Prestige Wealth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.