Prenetics Global Stock Market Value
| PRE Stock | USD 5.23 0.84 19.13% |
| Symbol | Prenetics |
Prenetics Global Price To Book Ratio
Is Reinsurance space 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 Prenetics Global. If investors know Prenetics 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 Prenetics Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.47) | Revenue Per Share 1.878 | Quarterly Revenue Growth 0.043 | Return On Assets (0.10) | Return On Equity (0.22) |
The market value of Prenetics Global is measured differently than its book value, which is the value of Prenetics that is recorded on the company's balance sheet. Investors also form their own opinion of Prenetics Global's value that differs from its market value or its book value, called intrinsic value, which is Prenetics Global'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 Prenetics Global's market value can be influenced by many factors that don't directly affect Prenetics Global'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 Prenetics Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prenetics Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prenetics Global'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.
Prenetics Global '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 Prenetics Global'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 Prenetics Global.
| 09/16/2024 |
| 10/16/2024 |
If you would invest 0.00 in Prenetics Global on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding Prenetics Global or generate 0.0% return on investment in Prenetics Global over 30 days. Prenetics Global is related to or competes with Neogen, Qiagen NV, Aclaris Therapeutics, Fonar, Burning Rock, Sera Prognostics, and Biodesix. Prenetics Global Limited, an investment holding company, operates as a diagnostics and genetic testing company More
Prenetics Global 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 Prenetics Global'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 Prenetics Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.8 | |||
| Value At Risk | (7.40) | |||
| Potential Upside | 8.25 |
Prenetics Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prenetics Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prenetics Global's standard deviation. In reality, there are many statistical measures that can use Prenetics Global historical prices to predict the future Prenetics Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.1186 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prenetics Global'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.
Prenetics Global Backtested Returns
At this point, Prenetics Global is unstable. Prenetics Global maintains Sharpe Ratio (i.e., Efficiency) of 0.0024, which implies the firm had a 0.0024% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Prenetics Global, which you can use to evaluate the volatility of the company. Please check Prenetics Global's Risk Adjusted Performance of (0.01), coefficient of variation of (5,411), and Variance of 30.87 to confirm if the risk estimate we provide is consistent with the expected return of 0.0133%. The company holds a Beta of -0.95, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Prenetics Global are expected to decrease slowly. On the other hand, during market turmoil, Prenetics Global is expected to outperform it slightly. Prenetics Global right now holds a risk of 5.61%. Please check Prenetics Global maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Prenetics Global will be following its historical price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Prenetics Global has weak reverse predictability. Overlapping area represents the amount of predictability between Prenetics Global time series from 16th of September 2024 to 1st of October 2024 and 1st of October 2024 to 16th of October 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 Prenetics Global price movement. The serial correlation of -0.21 indicates that over 21.0% of current Prenetics Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Prenetics Global lagged returns against current returns
Autocorrelation, which is Prenetics Global 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 Prenetics Global's stock expected returns. We can calculate the autocorrelation of Prenetics Global returns to help us make a trade decision. For example, suppose you find that Prenetics Global 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 |
Prenetics Global 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 Prenetics Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prenetics Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prenetics Global stock over time.
Current vs Lagged Prices |
| Timeline |
Prenetics Global Lagged Returns
When evaluating Prenetics Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prenetics Global stock have on its future price. Prenetics Global 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, Prenetics Global autocorrelation shows the relationship between Prenetics Global stock current value and its past values and can show if there is a momentum factor associated with investing in Prenetics Global.
Regressed Prices |
| Timeline |
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Check out Prenetics Global Correlation, Prenetics Global Volatility and Prenetics Global Alpha and Beta module to complement your research on Prenetics Global. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Prenetics Global 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.