Primo Water Corp Stock Market Value
| PRMW Stock | USD 18.43 0.31 1.71% |
| Symbol | Primo |
Primo Water Corp Price To Book Ratio
Is Primo Water'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 Primo Water. If investors know Primo 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 Primo Water 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 2.145 | Dividend Share 0.32 | Earnings Share 0.4 | Revenue Per Share 11.112 | Quarterly Revenue Growth (0.18) |
The market value of Primo Water Corp is measured differently than its book value, which is the value of Primo that is recorded on the company's balance sheet. Investors also form their own opinion of Primo Water's value that differs from its market value or its book value, called intrinsic value, which is Primo Water'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 Primo Water's market value can be influenced by many factors that don't directly affect Primo Water'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 Primo Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primo Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primo Water'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.
Primo Water '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 Primo Water'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 Primo Water.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Primo Water on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Primo Water Corp or generate 0.0% return on investment in Primo Water over 30 days. Primo Water is related to or competes with Embotelladora Andina, Signet International, National Beverage, Vita Coco, Coca Cola, Coca Cola, and Embotelladora Andina. Primo Water Corporation provides pure-play water solutions for residential and commercial customers More
Primo Water 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 Primo Water'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 Primo Water Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.2318 | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.93 |
Primo Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primo Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primo Water's standard deviation. In reality, there are many statistical measures that can use Primo Water historical prices to predict the future Primo Water's volatility.| Risk Adjusted Performance | 0.1803 | |||
| Jensen Alpha | 0.2951 | |||
| Total Risk Alpha | 0.2419 | |||
| Sortino Ratio | 0.2658 | |||
| Treynor Ratio | 0.2932 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primo Water'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.
Primo Water Corp Backtested Returns
Primo Water appears to be very steady, given 3 months investment horizon. Primo Water Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Primo Water Corp, which you can use to evaluate the volatility of the company. Please evaluate Primo Water's Risk Adjusted Performance of 0.1803, coefficient of variation of 353.3, and Semi Deviation of 0.7235 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Primo Water holds a performance score of 21. The company holds a Beta of 1.26, 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, Primo Water will likely underperform. Please check Primo Water's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Primo Water's historical price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Primo Water Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Primo Water time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Primo Water Corp price movement. The serial correlation of -0.48 indicates that about 48.0% of current Primo Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Primo Water Corp lagged returns against current returns
Autocorrelation, which is Primo Water 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 Primo Water's stock expected returns. We can calculate the autocorrelation of Primo Water returns to help us make a trade decision. For example, suppose you find that Primo Water 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 |
Primo Water 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 Primo Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primo Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primo Water stock over time.
Current vs Lagged Prices |
| Timeline |
Primo Water Lagged Returns
When evaluating Primo Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primo Water stock have on its future price. Primo Water 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, Primo Water autocorrelation shows the relationship between Primo Water stock current value and its past values and can show if there is a momentum factor associated with investing in Primo Water Corp.
Regressed Prices |
| Timeline |
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Check out Primo Water Correlation, Primo Water Volatility and Primo Water Alpha and Beta module to complement your research on Primo Water. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running Primo Water's price analysis, check to measure Primo Water'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 Primo Water is operating at the current time. Most of Primo Water's value examination focuses on studying past and present price action to predict the probability of Primo Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primo Water's price. Additionally, you may evaluate how the addition of Primo Water to your portfolios can decrease your overall portfolio volatility.
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Primo Water 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.