Prime Meridian Resources Stock Market Value
| PMDRF Stock | USD 0.11 0.01 10.00% |
| Symbol | Prime |
Prime Meridian '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 Meridian's pink sheet 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 Meridian.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Prime Meridian on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Prime Meridian Resources or generate 0.0% return on investment in Prime Meridian over 690 days. Prime Meridian is related to or competes with Macmahon Holdings. Prime Meridian Resources Corp. engages in the development, evaluation, and exploration of mineral resource properties More
Prime Meridian 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 Meridian's pink sheet 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 Meridian Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 40.0 |
Prime Meridian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Meridian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Meridian's standard deviation. In reality, there are many statistical measures that can use Prime Meridian historical prices to predict the future Prime Meridian's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.36) |
Prime Meridian Resources Backtested Returns
Prime Meridian Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.0566, which implies the firm had a -0.0566% return per unit of risk over the last 3 months. Prime Meridian Resources exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Meridian's Variance of 27.3, coefficient of variation of (1,807), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of 0.83, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prime Meridian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Meridian is expected to be smaller as well. At this point, Prime Meridian Resources has a negative expected return of -0.3%. Please make sure to check Prime Meridian's total risk alpha, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Prime Meridian Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Prime Meridian Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Prime Meridian time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Meridian Resources price movement. The serial correlation of -0.23 indicates that over 23.0% of current Prime Meridian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prime Meridian Resources lagged returns against current returns
Autocorrelation, which is Prime Meridian pink sheet'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 Meridian's pink sheet expected returns. We can calculate the autocorrelation of Prime Meridian returns to help us make a trade decision. For example, suppose you find that Prime Meridian has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Meridian 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 Meridian pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Meridian pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Meridian pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prime Meridian Lagged Returns
When evaluating Prime Meridian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Meridian pink sheet have on its future price. Prime Meridian 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 Meridian autocorrelation shows the relationship between Prime Meridian pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prime Meridian Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prime Pink Sheet
Prime Meridian financial ratios help investors to determine whether Prime Pink Sheet 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 Meridian security.