Priorityome Fund Performance
| PRIF-PD Preferred Stock | USD 24.41 0.41 1.71% |
Priorityome Fund has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 0.038, which implies not very significant fluctuations relative to the market. As returns on the market increase, Priorityome Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Priorityome Fund is expected to be smaller as well. Priorityome Fund right now holds a risk of 0.74%. Please check Priorityome Fund jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Priorityome Fund will be following its historical price patterns.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Priorityome Fund are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound fundamental indicators, Priorityome Fund is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
| Dividend Yield | 0.0664 |
Priorityome |
Priorityome Fund Relative Risk vs. Return Landscape
If you would invest 2,372 in Priorityome Fund on October 7, 2024 and sell it today you would earn a total of 69.00 from holding Priorityome Fund or generate 2.91% return on investment over 90 days. Priorityome Fund is generating 0.0482% of daily returns and assumes 0.7403% volatility on return distribution over the 90 days horizon. Simply put, 6% of preferred stocks are less volatile than Priorityome, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Priorityome Fund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Priorityome Fund's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as Priorityome Fund, and traders can use it to determine the average amount a Priorityome Fund's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0651
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| Negative Returns | PRIF-PD |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Priorityome Fund is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Priorityome Fund by adding it to a well-diversified portfolio.
Priorityome Fund Fundamentals Growth
Priorityome Preferred Stock prices reflect investors' perceptions of the future prospects and financial health of Priorityome Fund, and Priorityome Fund fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Priorityome Preferred Stock performance.
About Priorityome Fund Performance
By analyzing Priorityome Fund's fundamental ratios, stakeholders can gain valuable insights into Priorityome Fund's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Priorityome Fund has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Priorityome Fund has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Priority Income Fund, Inc. is a closed ended fixed income mutual fund launched by Prospect Capital Management LLC and Behringer Harvard Holdings, LLC. It was previously known as Priority Senior Secured Income Fund, Inc. Priority Income is traded on New York Stock Exchange in the United States.Things to note about Priorityome Fund performance evaluation
Checking the ongoing alerts about Priorityome Fund for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Priorityome Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Priorityome Fund's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Priorityome Fund's preferred stock performance include:- Analyzing Priorityome Fund's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Priorityome Fund's stock is overvalued or undervalued compared to its peers.
- Examining Priorityome Fund's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Priorityome Fund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Priorityome Fund's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Priorityome Fund's preferred stock. These opinions can provide insight into Priorityome Fund's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Priorityome Preferred Stock analysis
When running Priorityome Fund's price analysis, check to measure Priorityome Fund'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 Priorityome Fund is operating at the current time. Most of Priorityome Fund's value examination focuses on studying past and present price action to predict the probability of Priorityome Fund's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Priorityome Fund's price. Additionally, you may evaluate how the addition of Priorityome Fund to your portfolios can decrease your overall portfolio volatility.
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