Purecycle Technologies Holdings Stock Market Value
| PCTTU Stock | USD 14.60 0.83 5.38% |
| Symbol | Purecycle |
Purecycle Technologies Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Purecycle Technologies. If investors know Purecycle 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 Purecycle Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Return On Assets (0.11) | Return On Equity (0.43) |
The market value of Purecycle Technologies is measured differently than its book value, which is the value of Purecycle that is recorded on the company's balance sheet. Investors also form their own opinion of Purecycle Technologies' value that differs from its market value or its book value, called intrinsic value, which is Purecycle Technologies' 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 Purecycle Technologies' market value can be influenced by many factors that don't directly affect Purecycle Technologies' 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 Purecycle Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Purecycle Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purecycle Technologies' 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.
Purecycle Technologies '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 Purecycle Technologies' 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 Purecycle Technologies.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Purecycle Technologies on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Purecycle Technologies Holdings or generate 0.0% return on investment in Purecycle Technologies over 180 days. Purecycle Technologies is related to or competes with PureCycle Technologies, Purecycle Technologies, Auddia, and Perma Pipe. PureCycle Technologies, Inc. produces recycled polypropylene More
Purecycle Technologies 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 Purecycle Technologies' 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 Purecycle Technologies Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.73 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 49.07 | |||
| Value At Risk | (9.33) | |||
| Potential Upside | 17.41 |
Purecycle Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purecycle Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purecycle Technologies' standard deviation. In reality, there are many statistical measures that can use Purecycle Technologies historical prices to predict the future Purecycle Technologies' volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 0.0897 | |||
| Sortino Ratio | 0.1361 | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Purecycle Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Purecycle Technologies Backtested Returns
Purecycle Technologies is moderately volatile given 3 months investment horizon. Purecycle Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.74% are justified by taking the suggested risk. Use Purecycle Technologies Coefficient Of Variation of 805.39, risk adjusted performance of 0.1027, and Semi Deviation of 4.82 to evaluate company specific risk that cannot be diversified away. Purecycle Technologies holds a performance score of 15 on a scale of zero to a hundred. The company holds a Beta of -1.08, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Purecycle Technologies are expected to decrease slowly. On the other hand, during market turmoil, Purecycle Technologies is expected to outperform it slightly. Use Purecycle Technologies downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Purecycle Technologies.
Auto-correlation | 0.71 |
Good predictability
Purecycle Technologies Holdings has good predictability. Overlapping area represents the amount of predictability between Purecycle Technologies time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Purecycle Technologies price movement. The serial correlation of 0.71 indicates that around 71.0% of current Purecycle Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 12.43 |
Purecycle Technologies lagged returns against current returns
Autocorrelation, which is Purecycle Technologies 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 Purecycle Technologies' stock expected returns. We can calculate the autocorrelation of Purecycle Technologies returns to help us make a trade decision. For example, suppose you find that Purecycle Technologies 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 |
Purecycle Technologies 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 Purecycle Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purecycle Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purecycle Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Purecycle Technologies Lagged Returns
When evaluating Purecycle Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purecycle Technologies stock have on its future price. Purecycle Technologies 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, Purecycle Technologies autocorrelation shows the relationship between Purecycle Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Purecycle Technologies Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Purecycle Stock Analysis
When running Purecycle Technologies' price analysis, check to measure Purecycle Technologies' 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 Purecycle Technologies is operating at the current time. Most of Purecycle Technologies' value examination focuses on studying past and present price action to predict the probability of Purecycle Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purecycle Technologies' price. Additionally, you may evaluate how the addition of Purecycle Technologies to your portfolios can decrease your overall portfolio volatility.