Primary Health (UK) Market Value
| PHP Stock | 95.35 0.05 0.05% |
| Symbol | Primary |
Primary Health '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 Primary Health'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 Primary Health.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Primary Health on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Primary Health Properties or generate 0.0% return on investment in Primary Health over 90 days. Primary Health is related to or competes with Hammerson PLC, Supermarket Income, Lendinvest PLC, Neometals, Coor Service, Albion Technology, and Jupiter Fund. Primary Health is entity of United Kingdom More
Primary Health 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 Primary Health'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 Primary Health Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9659 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.72 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.76 |
Primary Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primary Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primary Health's standard deviation. In reality, there are many statistical measures that can use Primary Health historical prices to predict the future Primary Health's volatility.| Risk Adjusted Performance | 0.0262 | |||
| Jensen Alpha | 0.0398 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.13) |
Primary Health Properties Backtested Returns
At this point, Primary Health is very steady. Primary Health Properties maintains Sharpe Ratio (i.e., Efficiency) of 0.0077, which implies the firm had a 0.0077% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Primary Health Properties, which you can use to evaluate the volatility of the company. Please check Primary Health's Coefficient Of Variation of 3221.0, semi deviation of 0.8912, and Risk Adjusted Performance of 0.0262 to confirm if the risk estimate we provide is consistent with the expected return of 0.0078%. The company holds a Beta of -0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Primary Health are expected to decrease at a much lower rate. During the bear market, Primary Health is likely to outperform the market. Primary Health Properties right now holds a risk of 1.01%. Please check Primary Health Properties jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Primary Health Properties will be following its historical price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Primary Health Properties has modest reverse predictability. Overlapping area represents the amount of predictability between Primary Health time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Primary Health Properties price movement. The serial correlation of -0.48 indicates that about 48.0% of current Primary Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.53 |
Primary Health Properties lagged returns against current returns
Autocorrelation, which is Primary Health 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 Primary Health's stock expected returns. We can calculate the autocorrelation of Primary Health returns to help us make a trade decision. For example, suppose you find that Primary Health 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 |
Primary Health 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 Primary Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primary Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primary Health stock over time.
Current vs Lagged Prices |
| Timeline |
Primary Health Lagged Returns
When evaluating Primary Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primary Health stock have on its future price. Primary Health 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, Primary Health autocorrelation shows the relationship between Primary Health stock current value and its past values and can show if there is a momentum factor associated with investing in Primary Health Properties.
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 Primary Stock
Primary Health financial ratios help investors to determine whether Primary 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 Primary with respect to the benefits of owning Primary Health security.