Prime Financial (Australia) Market Value
| PFG Stock | 0.23 0.01 4.55% |
| Symbol | Prime |
Prime Financial '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 Financial'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 Prime Financial.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Prime Financial on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Financial Group or generate 0.0% return on investment in Prime Financial over 30 days. Prime Financial is related to or competes with Coronado Global. Prime Financial is entity of Australia. It is traded as Stock on AU exchange. More
Prime Financial 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 Financial'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 Prime Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.62 | |||
| Information Ratio | 0.0188 | |||
| Maximum Drawdown | 14.55 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.76 |
Prime Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Financial's standard deviation. In reality, there are many statistical measures that can use Prime Financial historical prices to predict the future Prime Financial's volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.1414 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | 0.6514 |
Prime Financial Group Backtested Returns
Currently, Prime Financial Group is out of control. Prime Financial Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0382, which implies the firm had a 0.0382% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Prime Financial Group, which you can use to evaluate the volatility of the company. Please check Prime Financial's Coefficient Of Variation of 1649.48, risk adjusted performance of 0.0539, and Semi Deviation of 2.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Prime Financial has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prime Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Financial is expected to be smaller as well. Prime Financial Group right now holds a risk of 2.87%. Please check Prime Financial Group jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Prime Financial Group will be following its historical price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Prime Financial Group has weak reverse predictability. Overlapping area represents the amount of predictability between Prime Financial time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Financial Group price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Prime Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prime Financial Group lagged returns against current returns
Autocorrelation, which is Prime Financial 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 Prime Financial's stock expected returns. We can calculate the autocorrelation of Prime Financial returns to help us make a trade decision. For example, suppose you find that Prime Financial 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 |
Prime Financial 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 Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Financial Lagged Returns
When evaluating Prime Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Financial stock have on its future price. Prime Financial 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 Financial autocorrelation shows the relationship between Prime Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Financial Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Prime Stock Analysis
When running Prime Financial's price analysis, check to measure Prime Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prime Financial is operating at the current time. Most of Prime Financial's value examination focuses on studying past and present price action to predict the probability of Prime Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Financial's price. Additionally, you may evaluate how the addition of Prime Financial to your portfolios can decrease your overall portfolio volatility.