Premier African's market value is the price at which a share of Premier African trades on a public exchange. It measures the collective expectations of Premier African Minerals investors about its performance. Premier African is trading at 0.0014 as of the 12th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.0014. With this module, you can estimate the performance of a buy and hold strategy of Premier African Minerals and determine expected loss or profit from investing in Premier African over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Symbol
Premier
Premier African '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 African's pink sheet 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 African.
0.00
11/12/2024
No Change 0.00
0.0
In 31 days
12/12/2024
0.00
If you would invest 0.00 in Premier African on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Premier African Minerals or generate 0.0% return on investment in Premier African over 30 days.
Premier African 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 African's pink sheet 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 African Minerals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier African's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier African's standard deviation. In reality, there are many statistical measures that can use Premier African historical prices to predict the future Premier African's volatility.
Premier African appears to be out of control, given 3 months investment horizon. Premier African Minerals maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Premier African Minerals, which you can use to evaluate the volatility of the company. Please evaluate Premier African's Risk Adjusted Performance of 0.0667, variance of 12.43, and Coefficient Of Variation of 1228.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Premier African holds a performance score of 9. The company holds a Beta of -0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Premier African are expected to decrease at a much lower rate. During the bear market, Premier African is likely to outperform the market. Please check Premier African's coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to make a quick decision on whether Premier African's historical price patterns will revert.
Auto-correlation
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No correlation between past and present
Premier African Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Premier African time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 African Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Premier African price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Premier African Minerals lagged returns against current returns
Autocorrelation, which is Premier African pink sheet'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 African's pink sheet expected returns. We can calculate the autocorrelation of Premier African returns to help us make a trade decision. For example, suppose you find that Premier African has exhibited high autocorrelation historically, and you observe that the pink sheet 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 African 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 African pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier African pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier African pink sheet over time.
Current vs Lagged Prices
Timeline
Premier African Lagged Returns
When evaluating Premier African's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier African pink sheet have on its future price. Premier African 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 African autocorrelation shows the relationship between Premier African pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Premier African Minerals.