Plug Power (UK) Market Value
| 0R1J Stock | 2.47 0.14 5.36% |
| Symbol | Plug |
Plug Power '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 Plug Power'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 Plug Power.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Plug Power on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Plug Power or generate 0.0% return on investment in Plug Power over 30 days. Plug Power is related to or competes with Hilton Food, Roebuck Food, GoldMining, Cornish Metals, Empire Metals, Scandinavian Tobacco, and Metals Exploration. Plug Power is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Plug Power 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 Plug Power'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 Plug Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.88 | |||
| Information Ratio | 0.1055 | |||
| Maximum Drawdown | 40.69 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.31 |
Plug Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plug Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plug Power's standard deviation. In reality, there are many statistical measures that can use Plug Power historical prices to predict the future Plug Power's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.7468 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0992 | |||
| Treynor Ratio | 1.81 |
Plug Power Backtested Returns
Plug Power appears to be dangerous, given 3 months investment horizon. Plug Power maintains Sharpe Ratio (i.e., Efficiency) of 0.0838, which implies the firm had a 0.0838% return per unit of risk over the last 3 months. By analyzing Plug Power's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Plug Power's Semi Deviation of 6.16, coefficient of variation of 801.45, and Risk Adjusted Performance of 0.099 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plug Power holds a performance score of 6. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plug Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plug Power is expected to be smaller as well. Please check Plug Power's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Plug Power's historical price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Plug Power has poor predictability. Overlapping area represents the amount of predictability between Plug Power time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Plug Power price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Plug Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Plug Power lagged returns against current returns
Autocorrelation, which is Plug Power 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 Plug Power's stock expected returns. We can calculate the autocorrelation of Plug Power returns to help us make a trade decision. For example, suppose you find that Plug Power 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 |
Plug Power 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 Plug Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plug Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plug Power stock over time.
Current vs Lagged Prices |
| Timeline |
Plug Power Lagged Returns
When evaluating Plug Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plug Power stock have on its future price. Plug Power 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, Plug Power autocorrelation shows the relationship between Plug Power stock current value and its past values and can show if there is a momentum factor associated with investing in Plug Power.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Plug Stock Analysis
When running Plug Power's price analysis, check to measure Plug Power'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 Plug Power is operating at the current time. Most of Plug Power's value examination focuses on studying past and present price action to predict the probability of Plug Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plug Power's price. Additionally, you may evaluate how the addition of Plug Power to your portfolios can decrease your overall portfolio volatility.