Premier Polyfilm (India) Market Value
| PREMIERPOL | 71.42 3.21 4.30% |
| Symbol | Premier |
Premier Polyfilm '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 Polyfilm'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 Premier Polyfilm.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Premier Polyfilm on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Premier Polyfilm Limited or generate 0.0% return on investment in Premier Polyfilm over 30 days. Premier Polyfilm is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and India Glycols. Premier Polyfilm is entity of India. It is traded as Stock on NSE exchange. More
Premier Polyfilm 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 Polyfilm'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 Premier Polyfilm Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.1439 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 5.0 |
Premier Polyfilm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Polyfilm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Polyfilm's standard deviation. In reality, there are many statistical measures that can use Premier Polyfilm historical prices to predict the future Premier Polyfilm's volatility.| Risk Adjusted Performance | 0.1279 | |||
| Jensen Alpha | 0.6802 | |||
| Total Risk Alpha | 0.5408 | |||
| Sortino Ratio | 0.2382 | |||
| Treynor Ratio | (1.06) |
Premier Polyfilm Backtested Returns
Premier Polyfilm appears to be very steady, given 3 months investment horizon. Premier Polyfilm maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Premier Polyfilm's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please evaluate Premier Polyfilm's Coefficient Of Variation of 662.02, risk adjusted performance of 0.1279, and Semi Deviation of 2.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Premier Polyfilm holds a performance score of 12. The company holds a Beta of -0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Premier Polyfilm are expected to decrease at a much lower rate. During the bear market, Premier Polyfilm is likely to outperform the market. Please check Premier Polyfilm's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Premier Polyfilm's historical price patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
Premier Polyfilm Limited has very good predictability. Overlapping area represents the amount of predictability between Premier Polyfilm time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 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 Polyfilm price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Premier Polyfilm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 18.55 |
Premier Polyfilm lagged returns against current returns
Autocorrelation, which is Premier Polyfilm 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 Polyfilm's stock expected returns. We can calculate the autocorrelation of Premier Polyfilm returns to help us make a trade decision. For example, suppose you find that Premier Polyfilm 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 Polyfilm 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 Polyfilm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Polyfilm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Polyfilm stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Polyfilm Lagged Returns
When evaluating Premier Polyfilm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Polyfilm stock have on its future price. Premier Polyfilm 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 Polyfilm autocorrelation shows the relationship between Premier Polyfilm stock current value and its past values and can show if there is a momentum factor associated with investing in Premier Polyfilm Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Premier Stock Analysis
When running Premier Polyfilm's price analysis, check to measure Premier Polyfilm'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 Premier Polyfilm is operating at the current time. Most of Premier Polyfilm's value examination focuses on studying past and present price action to predict the probability of Premier Polyfilm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier Polyfilm's price. Additionally, you may evaluate how the addition of Premier Polyfilm to your portfolios can decrease your overall portfolio volatility.