Premium Resources Stock Market Value
| PREM Stock | 8.95 0.30 3.24% |
| Symbol | Premium |
Premium Resources '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 Premium Resources' 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 Premium Resources.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Premium Resources on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Premium Resources or generate 0.0% return on investment in Premium Resources over 90 days. Premium Resources is related to or competes with Teck Resources, Ivanhoe Mines, NGEx Minerals, Skeena Resources, Northern Dynasty, and Foran Mining. Premium Resources is entity of Canada. It is traded as Stock on V exchange. More
Premium Resources 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 Premium Resources' 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 Premium Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 29.45 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.33 |
Premium Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premium Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premium Resources' standard deviation. In reality, there are many statistical measures that can use Premium Resources historical prices to predict the future Premium Resources' volatility.| Risk Adjusted Performance | 0.0605 | |||
| Jensen Alpha | 0.1566 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0341 | |||
| Treynor Ratio | 0.2739 |
Premium Resources Backtested Returns
Premium Resources appears to be moderately volatile, given 3 months investment horizon. Premium Resources maintains Sharpe Ratio (i.e., Efficiency) of 0.0538, which implies the firm had a 0.0538 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Premium Resources, which you can use to evaluate the volatility of the company. Please evaluate Premium Resources' Risk Adjusted Performance of 0.0605, coefficient of variation of 1790.67, and Semi Deviation of 4.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Premium Resources holds a performance score of 4. The company holds a Beta of 1.09, which implies a somewhat significant risk relative to the market. Premium Resources returns are very sensitive to returns on the market. As the market goes up or down, Premium Resources is expected to follow. Please check Premium Resources' downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Premium Resources' historical price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Premium Resources has virtually no predictability. Overlapping area represents the amount of predictability between Premium Resources time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Premium Resources price movement. The serial correlation of 0.03 indicates that only 3.0% of current Premium Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
Premium Resources lagged returns against current returns
Autocorrelation, which is Premium Resources 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 Premium Resources' stock expected returns. We can calculate the autocorrelation of Premium Resources returns to help us make a trade decision. For example, suppose you find that Premium Resources 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 |
Premium Resources 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 Premium Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premium Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premium Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Premium Resources Lagged Returns
When evaluating Premium Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premium Resources stock have on its future price. Premium Resources 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, Premium Resources autocorrelation shows the relationship between Premium Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Premium Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Premium Stock Analysis
When running Premium Resources' price analysis, check to measure Premium Resources' 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 Premium Resources is operating at the current time. Most of Premium Resources' value examination focuses on studying past and present price action to predict the probability of Premium Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Resources' price. Additionally, you may evaluate how the addition of Premium Resources to your portfolios can decrease your overall portfolio volatility.