Planet Image Stock Forecast - Treynor Ratio
| YIBO Stock | 3.43 0.10 3.00% |
Planet Stock Forecast is based on your current time horizon. Although Planet Image's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Planet Image's systematic risk associated with finding meaningful patterns of Planet Image fundamentals over time.
Planet |
| Check Planet Image Volatility | Backtest Planet Image | Trend Details |
Planet Image Trading Date Momentum
| On November 29 2024 Planet Image International was traded for 3.43 at the closing time. The top price for the day was 3.53 and the lowest listed price was 3.43 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.75% . |
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Other Forecasting Options for Planet Image
For every potential investor in Planet, whether a beginner or expert, Planet Image's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Planet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Planet. Basic forecasting techniques help filter out the noise by identifying Planet Image's price trends.Planet Image Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Planet Image stock to make a market-neutral strategy. Peer analysis of Planet Image could also be used in its relative valuation, which is a method of valuing Planet Image by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Planet Image Interna Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Planet Image's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Planet Image's current price.| Cycle Indicators | ||
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Planet Image Market Strength Events
Market strength indicators help investors to evaluate how Planet Image stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Planet Image shares will generate the highest return on investment. By undertsting and applying Planet Image stock market strength indicators, traders can identify Planet Image International entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0283 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 3.48 | |||
| Day Typical Price | 3.46 | |||
| Market Facilitation Index | 0.1 | |||
| Period Momentum Indicator | 0.1 |
Planet Image Risk Indicators
The analysis of Planet Image's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Planet Image's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting planet stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.53 | |||
| Semi Deviation | 4.88 | |||
| Standard Deviation | 8.86 | |||
| Variance | 78.42 | |||
| Downside Variance | 31.31 | |||
| Semi Variance | 23.81 | |||
| Expected Short fall | (7.11) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Planet Image
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Planet Image position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Planet Image will appreciate offsetting losses from the drop in the long position's value.Moving against Planet Stock
| 0.67 | EFX | Equifax | PairCorr |
| 0.66 | VCIG | VCI Global Limited Trending | PairCorr |
| 0.64 | SMX | SMX Public Limited | PairCorr |
| 0.62 | WHLM | Wilhelmina | PairCorr |
| 0.59 | DLHC | DLH Holdings Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Planet Image could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Planet Image when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Planet Image - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Planet Image International to buy it.
The correlation of Planet Image is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Image moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Image Interna moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Planet Image can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Planet Image to cross-verify your projections. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Commercial Services & Supplies 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 Planet Image. If investors know Planet 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 Planet Image 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 (0.13) | Earnings Share 0.15 | Revenue Per Share 3.249 | Quarterly Revenue Growth 0.041 | Return On Assets 0.0429 |
The market value of Planet Image Interna is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Image's value that differs from its market value or its book value, called intrinsic value, which is Planet Image'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 Planet Image's market value can be influenced by many factors that don't directly affect Planet Image'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 Planet Image's value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Image is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Image'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.