Primoris Services Stock Alpha and Beta Analysis
| PRIM Stock | USD 83.26 2.84 3.53% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Primoris Services. It also helps investors analyze the systematic and unsystematic risks associated with investing in Primoris Services over a specified time horizon. Remember, high Primoris Services' 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 Primoris Services' market risk premium analysis include:
Beta 2.05 | Alpha 0.49 | Risk 2.83 | Sharpe Ratio 0.24 | Expected Return 0.68 |
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.
Primoris |
Primoris Services Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Primoris Services market risk premium is the additional return an investor will receive from holding Primoris Services 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 Primoris Services. 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 Primoris Services' performance over market.| α | 0.49 | β | 2.05 |
Primoris Services 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 Primoris Services' Buy-and-hold return. Our buy-and-hold chart shows how Primoris Services performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Primoris Services Market Price Analysis
Market price analysis indicators help investors to evaluate how Primoris Services stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primoris Services shares will generate the highest return on investment. By understating and applying Primoris Services stock market price indicators, traders can identify Primoris Services position entry and exit signals to maximize returns.
Primoris Services Return and Market Media
The median price of Primoris Services for the period between Fri, Aug 23, 2024 and Thu, Nov 21, 2024 is 60.14 with a coefficient of variation of 14.97. The daily time series for the period is distributed with a sample standard deviation of 9.23, arithmetic mean of 61.71, and mean deviation of 6.84. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Should Value Investors Buy Primoris Services Stock | 08/28/2024 |
2 | Are Investors Undervaluing Primoris Services Corporation By 20 | 09/20/2024 |
| Primoris Services dividend paid on 11th of October 2024 | 10/11/2024 |
3 | Acquisition by Mashinski Carla S of 686 shares of Primoris Services at 37500.0 subject to Rule 16b-3 | 10/30/2024 |
4 | Is Now The Time To Put Primoris Services On Your Watchlist | 11/05/2024 |
5 | Primoris Services Corp Q3 2024 Earnings Call Highlights Record Revenue and Backlog ... | 11/06/2024 |
6 | Primoris Services Posts Earnings Results, Beats Expectations By 0.20 EPS | 11/07/2024 |
7 | Primoris services director sells 152,277 in stock | 11/08/2024 |
8 | Disposition of 15000 shares by Thomas McCormick of Primoris Services at 81.2771 subject to Rule 16b-3 | 11/13/2024 |
9 | Disposition of 4018 shares by Cook Stephen C. of Primoris Services at 78.5336 subject to Rule 16b-3 | 11/14/2024 |
10 | Primoris CEO McCormick sells 1.22 million in stock | 11/15/2024 |
11 | Primoris Services Co. CEO Sells 1,219,200.00 in Stock | 11/18/2024 |
12 | D. E. Shaw Renewable Investments Announces Additions to Senior Management Team | 11/20/2024 |
About Primoris Services 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 Primoris or other stocks. Alpha measures the amount that position in Primoris Services 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.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0109 | 0.007222 | 0.0111 | Price To Sales Ratio | 0.26 | 0.31 | 0.51 |
Primoris Services Upcoming Company Events
As portrayed in its financial statements, the presentation of Primoris Services' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Primoris Services' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Primoris Services' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Primoris Services. Please utilize our Beneish M Score to check the likelihood of Primoris Services' management manipulating its earnings.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Primoris Services
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Check out Primoris Services Backtesting, Primoris Services Valuation, Primoris Services Correlation, Primoris Services Hype Analysis, Primoris Services Volatility, Primoris Services History and analyze Primoris Services Performance. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Primoris Services 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.