Premier Investments (Australia) Market Value
| PMV Stock | 34.65 0.58 1.65% |
| Symbol | Premier |
Premier Investments '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 Premier Investments' 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 Premier Investments.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Premier Investments on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Premier Investments or generate 0.0% return on investment in Premier Investments over 30 days. Premier Investments is related to or competes with Aneka Tambang, Unibail Rodamco, Macquarie, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Commonwealth Bank. Premier Investments is entity of Australia More
Premier Investments 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 Premier Investments' 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 Premier Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.85 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.92 |
Premier Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Investments' standard deviation. In reality, there are many statistical measures that can use Premier Investments historical prices to predict the future Premier Investments' volatility.| Risk Adjusted Performance | 0.0087 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) |
Premier Investments Backtested Returns
Currently, Premier Investments is very steady. Premier Investments maintains Sharpe Ratio (i.e., Efficiency) of 0.0019, which implies the firm had a 0.0019% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Premier Investments, which you can use to evaluate the volatility of the company. Please check Premier Investments' Risk Adjusted Performance of 0.0087, coefficient of variation of 31415.96, and Semi Deviation of 1.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.004%. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Premier Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Premier Investments is expected to be smaller as well. Premier Investments right now holds a risk of 2.09%. Please check Premier Investments information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Premier Investments will be following its historical price patterns.
Auto-correlation | 0.37 |
Below average predictability
Premier Investments has below average predictability. Overlapping area represents the amount of predictability between Premier Investments 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 Premier Investments price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Premier Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Premier Investments lagged returns against current returns
Autocorrelation, which is Premier Investments 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 Premier Investments' stock expected returns. We can calculate the autocorrelation of Premier Investments returns to help us make a trade decision. For example, suppose you find that Premier Investments 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 |
Premier Investments 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 Premier Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Investments Lagged Returns
When evaluating Premier Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Investments stock have on its future price. Premier Investments 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, Premier Investments autocorrelation shows the relationship between Premier Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Premier Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Premier Stock Analysis
When running Premier Investments' price analysis, check to measure Premier Investments' 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 Premier Investments is operating at the current time. Most of Premier Investments' value examination focuses on studying past and present price action to predict the probability of Premier Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier Investments' price. Additionally, you may evaluate how the addition of Premier Investments to your portfolios can decrease your overall portfolio volatility.