Primoco UAV (Czech Republic) Market Value
| PRIUA Stock | 880.00 35.00 4.14% |
| Symbol | Primoco |
Primoco UAV '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 Primoco UAV'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 Primoco UAV.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Primoco UAV on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Primoco UAV SE or generate 0.0% return on investment in Primoco UAV over 90 days. Primoco UAV is related to or competes with Moneta Money, Vienna Insurance, and Erste Group. More
Primoco UAV 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 Primoco UAV'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 Primoco UAV SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.6 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.2 |
Primoco UAV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primoco UAV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primoco UAV's standard deviation. In reality, there are many statistical measures that can use Primoco UAV historical prices to predict the future Primoco UAV's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.01) |
Primoco UAV SE Backtested Returns
Primoco UAV SE maintains Sharpe Ratio (i.e., Efficiency) of -0.0384, which implies the firm had a -0.0384 % return per unit of risk over the last 3 months. Primoco UAV SE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Primoco UAV's Variance of 0.8416, risk adjusted performance of (0.09), and Coefficient Of Variation of (1,004) to confirm the risk estimate we provide. The company holds a Beta of 0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, Primoco UAV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Primoco UAV is expected to be smaller as well. At this point, Primoco UAV SE has a negative expected return of -0.0417%. Please make sure to check Primoco UAV's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Primoco UAV SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Primoco UAV SE has average predictability. Overlapping area represents the amount of predictability between Primoco UAV time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Primoco UAV SE price movement. The serial correlation of 0.47 indicates that about 47.0% of current Primoco UAV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 375.61 |
Primoco UAV SE lagged returns against current returns
Autocorrelation, which is Primoco UAV 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 Primoco UAV's stock expected returns. We can calculate the autocorrelation of Primoco UAV returns to help us make a trade decision. For example, suppose you find that Primoco UAV 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 |
Primoco UAV 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 Primoco UAV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primoco UAV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primoco UAV stock over time.
Current vs Lagged Prices |
| Timeline |
Primoco UAV Lagged Returns
When evaluating Primoco UAV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primoco UAV stock have on its future price. Primoco UAV 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, Primoco UAV autocorrelation shows the relationship between Primoco UAV stock current value and its past values and can show if there is a momentum factor associated with investing in Primoco UAV SE.
Regressed Prices |
| Timeline |
Pair Trading with Primoco UAV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Primoco UAV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Primoco UAV will appreciate offsetting losses from the drop in the long position's value.Moving against Primoco Stock
| 0.89 | KOFOL | Kofola CeskoSlovensko | PairCorr |
| 0.82 | NOKIA | Nokia Oyj | PairCorr |
| 0.8 | TABAK | Philip Morris CR Earnings Call This Week | PairCorr |
| 0.73 | JTINA | JT ARCH INVESTMENTS | PairCorr |
| 0.7 | EOAN | EON SE | PairCorr |
The ability to find closely correlated positions to Primoco UAV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primoco UAV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Primoco UAV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Primoco UAV SE to buy it.
The correlation of Primoco UAV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Primoco UAV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primoco UAV SE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Primoco UAV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Primoco Stock Analysis
When running Primoco UAV's price analysis, check to measure Primoco UAV'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 Primoco UAV is operating at the current time. Most of Primoco UAV's value examination focuses on studying past and present price action to predict the probability of Primoco UAV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primoco UAV's price. Additionally, you may evaluate how the addition of Primoco UAV to your portfolios can decrease your overall portfolio volatility.