Primis Financial Corp Stock Market Value
| FRST Stock | USD 12.38 0.08 0.64% |
| Symbol | Primis |
Primis Financial Corp Price To Book Ratio
Is Regional Banks 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 Primis Financial. If investors know Primis 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 Primis Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.627 | Dividend Share 0.4 | Earnings Share (0.03) | Revenue Per Share 4.241 | Quarterly Revenue Growth (0.16) |
The market value of Primis Financial Corp is measured differently than its book value, which is the value of Primis that is recorded on the company's balance sheet. Investors also form their own opinion of Primis Financial's value that differs from its market value or its book value, called intrinsic value, which is Primis Financial's 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 Primis Financial's market value can be influenced by many factors that don't directly affect Primis Financial's 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 Primis Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primis Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primis Financial's 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.
Primis Financial '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 Primis Financial'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 Primis Financial.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Primis Financial on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Primis Financial Corp or generate 0.0% return on investment in Primis Financial over 180 days. Primis Financial is related to or competes with Finward Bancorp, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services ... More
Primis Financial 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 Primis Financial'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 Primis Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 2.77 |
Primis Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primis Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primis Financial's standard deviation. In reality, there are many statistical measures that can use Primis Financial historical prices to predict the future Primis Financial's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0251 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primis Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Primis Financial Corp Backtested Returns
Currently, Primis Financial Corp is not too volatile. Primis Financial Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0661, which implies the firm had a 0.0661% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Primis Financial Corp, which you can use to evaluate the volatility of the company. Please check Primis Financial's Risk Adjusted Performance of 0.0285, coefficient of variation of 3543.19, and Semi Deviation of 1.68 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Primis Financial has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 2.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Primis Financial will likely underperform. Primis Financial Corp right now holds a risk of 2.47%. Please check Primis Financial Corp semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if Primis Financial Corp will be following its historical price patterns.
Auto-correlation | 0.29 |
Poor predictability
Primis Financial Corp has poor predictability. Overlapping area represents the amount of predictability between Primis Financial time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Primis Financial Corp price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Primis Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Primis Financial Corp lagged returns against current returns
Autocorrelation, which is Primis Financial 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 Primis Financial's stock expected returns. We can calculate the autocorrelation of Primis Financial returns to help us make a trade decision. For example, suppose you find that Primis Financial 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 |
Primis Financial 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 Primis Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primis Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primis Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Primis Financial Lagged Returns
When evaluating Primis Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primis Financial stock have on its future price. Primis Financial 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, Primis Financial autocorrelation shows the relationship between Primis Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Primis Financial Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Primis Stock Analysis
When running Primis Financial's price analysis, check to measure Primis Financial'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 Primis Financial is operating at the current time. Most of Primis Financial's value examination focuses on studying past and present price action to predict the probability of Primis Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primis Financial's price. Additionally, you may evaluate how the addition of Primis Financial to your portfolios can decrease your overall portfolio volatility.