As of 17 of February Prime Industries holds Risk Adjusted Performance of
(0.39) and Coefficient Of Variation of (466.54). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Prime Industries as well as the relationship between them. In other words 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 found nineteen technical drivers for Prime Industries which can be compared to its competitors. Please check Prime Industries Downside Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Downside Variance to decide if Prime Industries is priced some-what accurately providing market reflects its current price of 1.14 per share.
|Horizon||30 Days Login to change|
Prime Industries Technical Analysis
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Prime Industries Trend AnalysisUse this graph to draw trend lines for Prime Industries Ltd. You can use it to identify possible trend reversals for Prime Industries 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 Prime Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Prime Industries Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Prime Industries Ltd applied against its price change over selected period. The best fit line has a slop of 0.0014 % which may suggest that Prime Industries Ltd market price will keep on failing further. It has 78 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Prime Industries price change compared to its average price change.
|Risk Adjusted Performance||(0.39)|
|Market Risk Adjusted Performance||(1.24)|
|Coefficient Of Variation||(466.54)|
|Total Risk Alpha||(0.25)|