Primoris Services Stock Alpha and Beta Analysis
| PRIM Stock | USD 78.91 0.29 0.37% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Primoris Services. It also helps investors analyze the systematic and unsystematic risks associated with investing in Primoris Services over a specified time horizon. Remember, high Primoris Services' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Primoris Services' market risk premium analysis include:
Beta 2.05 | Alpha 0.37 | Risk 2.86 | Sharpe Ratio 0.22 | Expected Return 0.64 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Primoris |
Primoris Services Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Primoris Services market risk premium is the additional return an investor will receive from holding Primoris Services long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Primoris Services. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Primoris Services' performance over market.| α | 0.37 | β | 2.05 |
Primoris Services expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Primoris Services' Buy-and-hold return. Our buy-and-hold chart shows how Primoris Services performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Primoris Services Market Price Analysis
Market price analysis indicators help investors to evaluate how Primoris Services stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primoris Services shares will generate the highest return on investment. By understating and applying Primoris Services stock market price indicators, traders can identify Primoris Services position entry and exit signals to maximize returns.
Primoris Services Return and Market Media
The median price of Primoris Services for the period between Sat, Aug 17, 2024 and Fri, Nov 15, 2024 is 58.48 with a coefficient of variation of 13.56. The daily time series for the period is distributed with a sample standard deviation of 8.16, arithmetic mean of 60.14, and mean deviation of 5.82. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Stocks Showing Market Leadership Primoris Services Earns 92 RS Rating | 09/12/2024 |
2 | Primoris Services Corporations Stocks On An Uptrend Are Strong Financials Guiding The Market | 10/08/2024 |
| Primoris Services dividend paid on 11th of October 2024 | 10/11/2024 |
3 | Acquisition by Mashinski Carla S of 686 shares of Primoris Services at 37500.0 subject to Rule 16b-3 | 10/30/2024 |
4 | Primoris Services Corporation Reports Third Quarter 2024 Results | 11/04/2024 |
5 | Primoris Services raises dividend by 33.3 percent to 0.08 | 11/05/2024 |
6 | Earnings call Primoris Services announces strong Q3 with record revenue | 11/06/2024 |
7 | Earnings Beat Primoris Services Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models | 11/07/2024 |
8 | Director David King Sells 2,000 Shares of Primoris Services Corp | 11/08/2024 |
9 | Acquisition by King David Lee of 615 shares of Primoris Services at 32500.0 subject to Rule 16b-3 | 11/14/2024 |
About Primoris Services Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Primoris or other stocks. Alpha measures the amount that position in Primoris Services has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0109 | 0.007222 | 0.0111 | Price To Sales Ratio | 0.26 | 0.31 | 0.51 |
Primoris Services Upcoming Company Events
As portrayed in its financial statements, the presentation of Primoris Services' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Primoris Services' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Primoris Services' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Primoris Services. Please utilize our Beneish M Score to check the likelihood of Primoris Services' management manipulating its earnings.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Primoris Services
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Align your risk with return expectations
Check out Primoris Services Backtesting, Primoris Services Valuation, Primoris Services Correlation, Primoris Services Hype Analysis, Primoris Services Volatility, Primoris Services History and analyze Primoris Services Performance. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.