Primoris Services Stock Market Value
| PRIM Stock | USD 45.01 0.40 0.88% |
| Symbol | Primoris |
Primoris Services Price To Book Ratio
Is Primoris Services' 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 Primoris Services. If investors know Primoris 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 Primoris Services 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 (0.09) | Dividend Share 0.24 | Earnings Share 2.33 | Revenue Per Share 107.235 | Quarterly Revenue Growth 0.14 |
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' 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 Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' 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 Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' 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.
Primoris Services '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 Primoris Services' 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 Primoris Services.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Primoris Services on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Primoris Services or generate 0.0% return on investment in Primoris Services over 30 days. Primoris Services is related to or competes with MYR, Granite Construction, Matrix Service, Api GroupCorp, EMCOR, Comfort Systems, and Construction Partners. Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenanc... More
Primoris Services 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 Primoris Services' 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 Primoris Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1792 | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 4.32 |
Primoris Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primoris Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primoris Services' standard deviation. In reality, there are many statistical measures that can use Primoris Services historical prices to predict the future Primoris Services' volatility.| Risk Adjusted Performance | 0.1454 | |||
| Jensen Alpha | 0.3225 | |||
| Total Risk Alpha | 0.1804 | |||
| Sortino Ratio | 0.2058 | |||
| Treynor Ratio | 0.252 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primoris Services' 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.
Primoris Services Backtested Returns
Primoris Services appears to be very steady, given 3 months investment horizon. Primoris Services maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Primoris Services' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Primoris Services' Semi Deviation of 1.66, risk adjusted performance of 0.1454, and Coefficient Of Variation of 451.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Primoris Services holds a performance score of 18. The company holds a Beta of 1.93, 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, Primoris Services will likely underperform. Please check Primoris Services' downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Primoris Services' historical price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Primoris Services has very good reverse predictability. Overlapping area represents the amount of predictability between Primoris Services time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Primoris Services price movement. The serial correlation of -0.66 indicates that around 66.0% of current Primoris Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Primoris Services lagged returns against current returns
Autocorrelation, which is Primoris Services 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 Primoris Services' stock expected returns. We can calculate the autocorrelation of Primoris Services returns to help us make a trade decision. For example, suppose you find that Primoris Services 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 |
Primoris Services 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 Primoris Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primoris Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primoris Services stock over time.
Current vs Lagged Prices |
| Timeline |
Primoris Services Lagged Returns
When evaluating Primoris Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primoris Services stock have on its future price. Primoris Services 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, Primoris Services autocorrelation shows the relationship between Primoris Services stock current value and its past values and can show if there is a momentum factor associated with investing in Primoris Services.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Primoris Services in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Primoris Services' short interest history, or implied volatility extrapolated from Primoris Services options trading.
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Check out Primoris Services Correlation, Primoris Services Volatility and Primoris Services Alpha and Beta module to complement your research on Primoris Services. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Primoris Stock analysis
When running Primoris Services' price analysis, check to measure Primoris Services' 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 Primoris Services is operating at the current time. Most of Primoris Services' value examination focuses on studying past and present price action to predict the probability of Primoris Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primoris Services' price. Additionally, you may evaluate how the addition of Primoris Services to your portfolios can decrease your overall portfolio volatility.
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Primoris Services 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.