Prism Johnson (India) Market Value
| PRSMJOHNSN | 196.63 4.35 2.26% |
| Symbol | Prism |
Prism Johnson '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 Prism Johnson'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 Prism Johnson.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Prism Johnson on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Prism Johnson Limited or generate 0.0% return on investment in Prism Johnson over 30 days. Prism Johnson is related to or competes with Hindware Home, EMBASSY OFFICE, Sonata Software, Kaynes Technology, Newgen Software, Cambridge Technology, and Life Insurance. Prism Johnson is entity of India. It is traded as Stock on NSE exchange. More
Prism Johnson 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 Prism Johnson'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 Prism Johnson Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0336 | |||
| Maximum Drawdown | 27.35 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 3.86 |
Prism Johnson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prism Johnson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prism Johnson's standard deviation. In reality, there are many statistical measures that can use Prism Johnson historical prices to predict the future Prism Johnson's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.2052 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0528 | |||
| Treynor Ratio | 0.7777 |
Prism Johnson Limited Backtested Returns
Prism Johnson Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0371, which implies the firm had a -0.0371% return per unit of risk over the last 3 months. Prism Johnson Limited exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prism Johnson's Risk Adjusted Performance of 0.0562, coefficient of variation of 1500.04, and Semi Deviation of 2.08 to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prism Johnson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prism Johnson is expected to be smaller as well. At this point, Prism Johnson Limited has a negative expected return of -0.0888%. Please make sure to check Prism Johnson's downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Prism Johnson Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Prism Johnson Limited has very weak predictability. Overlapping area represents the amount of predictability between Prism Johnson 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 Prism Johnson Limited price movement. The serial correlation of 0.17 indicates that over 17.0% of current Prism Johnson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 7.28 |
Prism Johnson Limited lagged returns against current returns
Autocorrelation, which is Prism Johnson 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 Prism Johnson's stock expected returns. We can calculate the autocorrelation of Prism Johnson returns to help us make a trade decision. For example, suppose you find that Prism Johnson 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 |
Prism Johnson 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 Prism Johnson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prism Johnson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prism Johnson stock over time.
Current vs Lagged Prices |
| Timeline |
Prism Johnson Lagged Returns
When evaluating Prism Johnson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prism Johnson stock have on its future price. Prism Johnson 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, Prism Johnson autocorrelation shows the relationship between Prism Johnson stock current value and its past values and can show if there is a momentum factor associated with investing in Prism Johnson Limited.
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.Other Information on Investing in Prism Stock
Prism Johnson financial ratios help investors to determine whether Prism Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prism with respect to the benefits of owning Prism Johnson security.