Plains Gp Holdings Stock Market Value
| PAGP Stock | USD 19.19 0.38 2.02% |
| Symbol | Plains |
Plains GP Holdings Price To Book Ratio
Is Oil & Gas Storage & Transportation 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 Plains GP. If investors know Plains 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 Plains GP 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 0.132 | Dividend Share 1.27 | Earnings Share 0.84 | Revenue Per Share 256.331 | Quarterly Revenue Growth 0.056 |
The market value of Plains GP Holdings is measured differently than its book value, which is the value of Plains that is recorded on the company's balance sheet. Investors also form their own opinion of Plains GP's value that differs from its market value or its book value, called intrinsic value, which is Plains GP'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 Plains GP's market value can be influenced by many factors that don't directly affect Plains GP'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 Plains GP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plains GP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plains GP'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.
Plains GP '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 Plains GP'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 Plains GP.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Plains GP on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Plains GP Holdings or generate 0.0% return on investment in Plains GP over 30 days. Plains GP is related to or competes with Targa Resources, Western Midstream, MPLX LP, Plains All, Genesis Energy, Hess Midstream, and DT Midstream. Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy... More
Plains GP 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 Plains GP'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 Plains GP Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.3 |
Plains GP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plains GP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plains GP's standard deviation. In reality, there are many statistical measures that can use Plains GP historical prices to predict the future Plains GP's volatility.| Risk Adjusted Performance | 0.0311 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0614 |
Plains GP Holdings Backtested Returns
Currently, Plains GP Holdings is very steady. Plains GP Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0314, which implies the firm had a 0.0314% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Plains GP Holdings, which you can use to evaluate the volatility of the company. Please check Plains GP's Risk Adjusted Performance of 0.0311, coefficient of variation of 2762.95, and Semi Deviation of 1.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0396%. Plains GP has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plains GP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plains GP is expected to be smaller as well. Plains GP Holdings right now holds a risk of 1.26%. Please check Plains GP Holdings standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Plains GP Holdings will be following its historical price patterns.
Auto-correlation | 0.81 |
Very good predictability
Plains GP Holdings has very good predictability. Overlapping area represents the amount of predictability between Plains GP time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Plains GP Holdings price movement. The serial correlation of 0.81 indicates that around 81.0% of current Plains GP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Plains GP Holdings lagged returns against current returns
Autocorrelation, which is Plains GP 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 Plains GP's stock expected returns. We can calculate the autocorrelation of Plains GP returns to help us make a trade decision. For example, suppose you find that Plains GP 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 |
Plains GP 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 Plains GP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plains GP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plains GP stock over time.
Current vs Lagged Prices |
| Timeline |
Plains GP Lagged Returns
When evaluating Plains GP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plains GP stock have on its future price. Plains GP 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, Plains GP autocorrelation shows the relationship between Plains GP stock current value and its past values and can show if there is a momentum factor associated with investing in Plains GP Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Plains GP
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 Plains GP 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 Plains GP will appreciate offsetting losses from the drop in the long position's value.Moving against Plains Stock
The ability to find closely correlated positions to Plains GP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plains GP 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 Plains GP - 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 Plains GP Holdings to buy it.
The correlation of Plains GP 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 Plains GP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plains GP Holdings 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 Plains GP 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.Additional Tools for Plains Stock Analysis
When running Plains GP's price analysis, check to measure Plains GP'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 Plains GP is operating at the current time. Most of Plains GP's value examination focuses on studying past and present price action to predict the probability of Plains GP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plains GP's price. Additionally, you may evaluate how the addition of Plains GP to your portfolios can decrease your overall portfolio volatility.