Primega Group Holdings Stock Alpha and Beta Analysis
| PGHL Stock | 1.65 105.71 98.46% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Primega Group Holdings. It also helps investors analyze the systematic and unsystematic risks associated with investing in Primega Group over a specified time horizon. Remember, high Primega Group's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Primega Group's market risk premium analysis include:
Beta 21.17 | Alpha 11.5 | Risk 117.05 | Sharpe Ratio 0.12 | Expected Return 14.2 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Primega Group Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Primega Group market risk premium is the additional return an investor will receive from holding Primega Group long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Primega Group. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Primega Group's performance over market.| α | 11.50 | β | 21.17 |
Primega Group expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Primega Group's Buy-and-hold return. Our buy-and-hold chart shows how Primega Group performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Primega Group Market Price Analysis
Market price analysis indicators help investors to evaluate how Primega Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primega Group shares will generate the highest return on investment. By understating and applying Primega Group stock market price indicators, traders can identify Primega Group position entry and exit signals to maximize returns.
Primega Group Return and Market Media
The median price of Primega Group for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 13.7 with a coefficient of variation of 85.09. The daily time series for the period is distributed with a sample standard deviation of 12.35, arithmetic mean of 14.51, and mean deviation of 4.43. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About Primega Group Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Primega or other stocks. Alpha measures the amount that position in Primega Group Holdings has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Primega Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Primega Group's short interest history, or implied volatility extrapolated from Primega Group options trading.
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Align your risk with return expectations
Check out Primega Group Backtesting, Primega Group Valuation, Primega Group Correlation, Primega Group Hype Analysis, Primega Group Volatility, Primega Group History and analyze Primega Group Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.