1st Prestige Wealth Stock Market Value
| FPWM Stock | USD 0 0.00 0.00% |
| Symbol | 1st |
1st Prestige '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 1st Prestige's pink sheet 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 1st Prestige.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in 1st Prestige on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding 1st Prestige Wealth or generate 0.0% return on investment in 1st Prestige over 30 days. 1st Prestige is related to or competes with Allspring Global, BNY Mellon, Pioneer High, Allspring Utilities, Allspring Income, First TrustAberdeen, and Allianzgi Convertible. Charlestowne Premium Beverages Inc. develops, produces, markets, and distributes alcoholic beverages worldwide More
1st Prestige 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 1st Prestige's pink sheet 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 1st Prestige Wealth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.163 | |||
| Maximum Drawdown | 1659.67 | |||
| Potential Upside | 25.0 |
1st Prestige Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1st Prestige's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1st Prestige's standard deviation. In reality, there are many statistical measures that can use 1st Prestige historical prices to predict the future 1st Prestige's volatility.| Risk Adjusted Performance | 0.1106 | |||
| Jensen Alpha | 33.74 | |||
| Total Risk Alpha | 7.69 | |||
| Treynor Ratio | 1.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1st Prestige'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.
1st Prestige Wealth Backtested Returns
1st Prestige is out of control given 3 months investment horizon. 1st Prestige Wealth secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We are able to interpolate and break down seventeen different technical indicators, which can help you to evaluate if expected returns of 14.92% are justified by taking the suggested risk. Use 1st Prestige risk adjusted performance of 0.1106, and Mean Deviation of 72.75 to evaluate company specific risk that cannot be diversified away. 1st Prestige holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 31.39, which signifies 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, 1st Prestige will likely underperform. Use 1st Prestige jensen alpha and rate of daily change , to analyze future returns on 1st Prestige.
Auto-correlation | 0.61 |
Good predictability
1st Prestige Wealth has good predictability. Overlapping area represents the amount of predictability between 1st Prestige time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 1st Prestige Wealth price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current 1st Prestige price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
1st Prestige Wealth lagged returns against current returns
Autocorrelation, which is 1st Prestige pink sheet'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 1st Prestige's pink sheet expected returns. We can calculate the autocorrelation of 1st Prestige returns to help us make a trade decision. For example, suppose you find that 1st Prestige has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
1st Prestige 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 1st Prestige pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1st Prestige pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1st Prestige pink sheet over time.
Current vs Lagged Prices |
| Timeline |
1st Prestige Lagged Returns
When evaluating 1st Prestige's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1st Prestige pink sheet have on its future price. 1st Prestige 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, 1st Prestige autocorrelation shows the relationship between 1st Prestige pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 1st Prestige Wealth.
Regressed Prices |
| Timeline |
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Complementary Tools for 1st Pink Sheet analysis
When running 1st Prestige's price analysis, check to measure 1st Prestige'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 1st Prestige is operating at the current time. Most of 1st Prestige's value examination focuses on studying past and present price action to predict the probability of 1st Prestige's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1st Prestige's price. Additionally, you may evaluate how the addition of 1st Prestige to your portfolios can decrease your overall portfolio volatility.
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1st Prestige technical pink sheet 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, pink sheet market cycles, or different charting patterns.