Primo Brands Stock Market Value
| PRMB Stock | 31.61 0.93 3.03% |
| Symbol | Primo |
Primo Brands Price To Book Ratio
Is Candy and Soda space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primo Brands. If investors know Primo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primo Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Primo Brands is measured differently than its book value, which is the value of Primo that is recorded on the company's balance sheet. Investors also form their own opinion of Primo Brands' value that differs from its market value or its book value, called intrinsic value, which is Primo Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primo Brands' market value can be influenced by many factors that don't directly affect Primo Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primo Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primo Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primo Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Primo Brands '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 Primo Brands' 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 Primo Brands.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Primo Brands on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Primo Brands or generate 0.0% return on investment in Primo Brands over 480 days. Primo Brands is related to or competes with SunLink Health, Precision Drilling, Neogen, Delek Drilling, Amgen, and RadNet. Primo Brands is entity of United States. It is traded as Stock on NYSE exchange. More
Primo Brands 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 Primo Brands' 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 Primo Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.172 | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 4.05 |
Primo Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primo Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primo Brands' standard deviation. In reality, there are many statistical measures that can use Primo Brands historical prices to predict the future Primo Brands' volatility.| Risk Adjusted Performance | 0.1751 | |||
| Jensen Alpha | 0.4218 | |||
| Total Risk Alpha | 0.1418 | |||
| Sortino Ratio | 0.1857 | |||
| Treynor Ratio | 1.31 |
Primo Brands Backtested Returns
Primo Brands appears to be very steady, given 3 months investment horizon. Primo Brands maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. We have found thirty technical indicators for Primo Brands, which you can use to evaluate the volatility of the company. Please evaluate Primo Brands' Risk Adjusted Performance of 0.1751, semi deviation of 1.47, and Coefficient Of Variation of 428.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Primo Brands holds a performance score of 18. The company holds a Beta of 0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Primo Brands' returns are expected to increase less than the market. However, during the bear market, the loss of holding Primo Brands is expected to be smaller as well. Please check Primo Brands' 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 make a quick decision on whether Primo Brands' historical price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Primo Brands has good predictability. Overlapping area represents the amount of predictability between Primo Brands time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Primo Brands price movement. The serial correlation of 0.71 indicates that around 71.0% of current Primo Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 9.23 |
Primo Brands lagged returns against current returns
Autocorrelation, which is Primo Brands 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 Primo Brands' stock expected returns. We can calculate the autocorrelation of Primo Brands returns to help us make a trade decision. For example, suppose you find that Primo Brands 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 |
Primo Brands 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 Primo Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primo Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primo Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Primo Brands Lagged Returns
When evaluating Primo Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primo Brands stock have on its future price. Primo Brands 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, Primo Brands autocorrelation shows the relationship between Primo Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Primo Brands.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Primo Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Primo Brands' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Primo Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Primo Brands Stock:Check out Primo Brands Correlation, Primo Brands Volatility and Primo Brands Alpha and Beta module to complement your research on Primo Brands. For information on how to trade Primo Stock refer to our How to Trade Primo Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Primo Brands technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.