Planet 13 Holdings Stock Performance
| PLNH Stock | 0.35 0.01 2.78% |
The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Planet 13's returns are expected to increase less than the market. However, during the bear market, the loss of holding Planet 13 is expected to be smaller as well. At this point, Planet 13 Holdings has a negative expected return of -0.72%. Please make sure to check Planet 13's jensen alpha, as well as the relationship between the skewness and day median price , to decide if Planet 13 Holdings performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Planet 13 Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in January 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders. ...more
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Planet 13 Relative Risk vs. Return Landscape
If you would invest 61.00 in Planet 13 Holdings on September 13, 2024 and sell it today you would lose (26.00) from holding Planet 13 Holdings or give up 42.62% of portfolio value over 90 days. Planet 13 Holdings is currently does not generate positive expected returns and assumes 5.2049% risk (volatility on return distribution) over the 90 days horizon. In different words, 46% of otc stocks are less volatile than Planet, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Planet 13 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Planet 13's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Planet 13 Holdings, and traders can use it to determine the average amount a Planet 13's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1391
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PLNH |
Estimated Market Risk
| 5.2 actual daily | 46 54% of assets are more volatile |
Expected Return
| -0.72 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Planet 13 is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Planet 13 by adding Planet 13 to a well-diversified portfolio.
Things to note about Planet 13 Holdings performance evaluation
Checking the ongoing alerts about Planet 13 for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Planet 13 Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Planet 13 Holdings generated a negative expected return over the last 90 days | |
| Planet 13 Holdings has high historical volatility and very poor performance | |
| Planet 13 Holdings has some characteristics of a very speculative penny stock |
- Analyzing Planet 13's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Planet 13's stock is overvalued or undervalued compared to its peers.
- Examining Planet 13's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Planet 13's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Planet 13's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Planet 13's otc stock. These opinions can provide insight into Planet 13's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Planet OTC Stock analysis
When running Planet 13's price analysis, check to measure Planet 13'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 Planet 13 is operating at the current time. Most of Planet 13's value examination focuses on studying past and present price action to predict the probability of Planet 13's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet 13's price. Additionally, you may evaluate how the addition of Planet 13 to your portfolios can decrease your overall portfolio volatility.
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