Premier Stock Technical Analysis

PINC Stock  USD 20.79  0.15  0.73%   
As of the 18th of April 2024, Premier holds the Variance of 1.96, coefficient of variation of (1,830), and Risk Adjusted Performance of (0.03). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Premier, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Premier, which can be compared to its competitors. Please check Premier coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and skewness to decide if Premier is priced some-what accurately, providing market reflects its current price of 20.79 per share. Given that Premier has information ratio of (0.09), we recommend you to check out Premier's recent market performance to make sure the company can sustain itself at a future point.

Premier Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Premier, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Premier
  
Premier's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Premier Analyst Consensus

Target PriceAdvice# of Analysts
26.71Buy9Odds
Premier current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Premier analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Premier stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Premier, talking to its executives and customers, or listening to Premier conference calls.
Premier Analyst Advice Details
Premier technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Premier technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Premier trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Premier Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Premier volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Premier Trend Analysis

Use this graph to draw trend lines for Premier. You can use it to identify possible trend reversals for Premier as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Premier price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Premier Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Premier applied against its price change over selected period. The best fit line has a slop of   0.0038  , which may suggest that Premier market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.54, which is the sum of squared deviations for the predicted Premier price change compared to its average price change.

About Premier Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Premier on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Premier based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Premier price pattern first instead of the macroeconomic environment surrounding Premier. By analyzing Premier's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Premier's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Premier specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.02250.03050.03510.0333
Price To Sales Ratio2.992.462.211.38

Premier April 18, 2024 Technical Indicators

Most technical analysis of Premier help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Premier from various momentum indicators to cycle indicators. When you analyze Premier charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Premier offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Premier's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Premier Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Premier Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Premier Stock refer to our How to Trade Premier Stock guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Premier Stock analysis

When running Premier's price analysis, check to measure Premier'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 Premier is operating at the current time. Most of Premier's value examination focuses on studying past and present price action to predict the probability of Premier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier's price. Additionally, you may evaluate how the addition of Premier to your portfolios can decrease your overall portfolio volatility.
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Is Premier's industry 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 Premier. If investors know Premier 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 Premier 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
(0.17)
Dividend Share
0.84
Earnings Share
1.39
Revenue Per Share
11.037
Quarterly Revenue Growth
(0.07)
The market value of Premier is measured differently than its book value, which is the value of Premier that is recorded on the company's balance sheet. Investors also form their own opinion of Premier's value that differs from its market value or its book value, called intrinsic value, which is Premier'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 Premier's market value can be influenced by many factors that don't directly affect Premier'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 Premier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premier'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.