Prime Meridian Holding Stock Market Value
| PMHG Stock | USD 28.75 0.01 0.03% |
| 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 otc 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 Meridian.
| 12/30/2024 |
| 03/30/2025 |
If you would invest 0.00 in Prime Meridian on December 30, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Meridian Holding or generate 0.0% return on investment in Prime Meridian over 90 days. Prime Meridian is related to or competes with Village Bank, William Penn, and Pathfinder Bancorp. Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consum... 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 otc 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 Meridian Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0266 | |||
| Maximum Drawdown | 9.95 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.54 |
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 | 0.0083 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.1139 | |||
| Sortino Ratio | 0.022 | |||
| Treynor Ratio | 0.0215 |
Prime Meridian Holding Backtested Returns
Prime Meridian Holding maintains Sharpe Ratio (i.e., Efficiency) of -0.0277, which implies the firm had a -0.0277 % return per unit of risk over the last 3 months. Prime Meridian Holding exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Meridian's Coefficient Of Variation of 30289.11, semi deviation of 1.42, and Risk Adjusted Performance of 0.0083 to confirm the risk estimate we provide. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prime Meridian are expected to decrease at a much lower rate. During the bear market, Prime Meridian is likely to outperform the market. At this point, Prime Meridian Holding has a negative expected return of -0.0494%. Please make sure to check Prime Meridian's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Prime Meridian Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Prime Meridian Holding has very weak reverse predictability. Overlapping area represents the amount of predictability between Prime Meridian time series from 30th of December 2024 to 13th of February 2025 and 13th of February 2025 to 30th of March 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 Prime Meridian Holding price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Prime Meridian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Prime Meridian Holding lagged returns against current returns
Autocorrelation, which is Prime Meridian otc 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 Meridian's otc stock 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 otc 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 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Meridian otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Meridian otc stock 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 otc stock 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Meridian Holding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prime OTC Stock
Prime Meridian financial ratios help investors to determine whether Prime OTC Stock 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.