Primega Group Holdings Stock Market Value
| ZDAI Stock | 0.23 0.01 4.17% |
| Symbol | Primega |
Primega Group Holdings Price To Book Ratio
Is Cargo Ground Transportation 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 Primega Group. If investors know Primega 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 Primega Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.03 | Revenue Per Share | Quarterly Revenue Growth 0.631 | Return On Assets | Return On Equity |
The market value of Primega Group Holdings is measured differently than its book value, which is the value of Primega that is recorded on the company's balance sheet. Investors also form their own opinion of Primega Group's value that differs from its market value or its book value, called intrinsic value, which is Primega Group'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 Primega Group's market value can be influenced by many factors that don't directly affect Primega Group'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 Primega Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primega Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primega Group'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.
Primega Group '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 Primega Group'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 Primega Group.
| 01/08/2024 |
| 12/28/2025 |
If you would invest 0.00 in Primega Group on January 8, 2024 and sell it all today you would earn a total of 0.00 from holding Primega Group Holdings or generate 0.0% return on investment in Primega Group over 720 days. Primega Group is related to or competes with Hydrofarm Holdings, Arts Way, Lakeside Holding, PS International, VerifyMe, Intelligent Living, and Jayud Global. Primega Group is entity of United States More
Primega Group 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 Primega Group'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 Primega Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 32.27 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 7.14 |
Primega Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primega Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primega Group's standard deviation. In reality, there are many statistical measures that can use Primega Group historical prices to predict the future Primega Group's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (1.69) | |||
| Total Risk Alpha | (2.17) | |||
| Treynor Ratio | (1.34) |
Primega Group Holdings Backtested Returns
Primega Group Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.28, which implies the firm had a -0.28 % return per unit of risk over the last 3 months. Primega Group Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Primega Group's Variance of 28.73, coefficient of variation of (337.51), and Risk Adjusted Performance of (0.20) to confirm the risk estimate we provide. The company holds a Beta of 1.19, 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, Primega Group will likely underperform. At this point, Primega Group Holdings has a negative expected return of -1.49%. Please make sure to check Primega Group's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Primega Group Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Primega Group Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Primega Group time series from 8th of January 2024 to 2nd of January 2025 and 2nd of January 2025 to 28th of December 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 Primega Group Holdings price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Primega Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Primega Group Holdings lagged returns against current returns
Autocorrelation, which is Primega Group 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 Primega Group's stock expected returns. We can calculate the autocorrelation of Primega Group returns to help us make a trade decision. For example, suppose you find that Primega Group 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 |
Primega Group 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 Primega Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primega Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primega Group stock over time.
Current vs Lagged Prices |
| Timeline |
Primega Group Lagged Returns
When evaluating Primega Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primega Group stock have on its future price. Primega Group 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, Primega Group autocorrelation shows the relationship between Primega Group stock current value and its past values and can show if there is a momentum factor associated with investing in Primega Group Holdings.
Regressed Prices |
| Timeline |
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Check out Primega Group Correlation, Primega Group Volatility and Primega Group Alpha and Beta module to complement your research on Primega Group. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Primega Group 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.