PRIME SEC SVCS Market Value
| 74166MAF3 | 94.58 0.38 0.40% |
| Symbol | PRIME |
Please note, there is a significant difference between PRIME's value and its price as these two are different measures arrived at by different means. Investors typically determine if PRIME is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PRIME'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.
PRIME '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's bond 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PRIME on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PRIME SEC SVCS or generate 0.0% return on investment in PRIME over 30 days. PRIME is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
PRIME 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's bond 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 SEC SVCS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.46 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.6165 |
PRIME Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRIME's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRIME's standard deviation. In reality, there are many statistical measures that can use PRIME historical prices to predict the future PRIME's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0633 |
PRIME SEC SVCS Backtested Returns
At this point, PRIME is very steady. PRIME SEC SVCS maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for PRIME SEC SVCS, which you can use to evaluate the volatility of the bond. Please check PRIME's risk adjusted performance of 0.0137, and Semi Deviation of 2.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The bond holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, PRIME's returns are expected to increase less than the market. However, during the bear market, the loss of holding PRIME is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
PRIME SEC SVCS has very weak reverse predictability. Overlapping area represents the amount of predictability between PRIME time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 SEC SVCS price movement. The serial correlation of -0.06 indicates that barely 6.0% of current PRIME price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 5.93 |
PRIME SEC SVCS lagged returns against current returns
Autocorrelation, which is PRIME bond'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's bond expected returns. We can calculate the autocorrelation of PRIME returns to help us make a trade decision. For example, suppose you find that PRIME has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRIME bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRIME bond over time.
Current vs Lagged Prices |
| Timeline |
PRIME Lagged Returns
When evaluating PRIME's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRIME bond have on its future price. PRIME 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 autocorrelation shows the relationship between PRIME bond current value and its past values and can show if there is a momentum factor associated with investing in PRIME SEC SVCS.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PRIME Bond
PRIME financial ratios help investors to determine whether PRIME Bond 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 security.