Playa Hotels (Germany) Market Value
| PL0 Stock | EUR 9.25 0.15 1.65% |
| Symbol | Playa |
Playa Hotels '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 Playa Hotels' 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 Playa Hotels.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Playa Hotels on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Playa Hotels Resorts or generate 0.0% return on investment in Playa Hotels over 30 days. Playa Hotels is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Playa Hotels Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various va... More
Playa Hotels 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 Playa Hotels' 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 Playa Hotels Resorts upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.1482 | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 3.65 |
Playa Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Playa Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Playa Hotels' standard deviation. In reality, there are many statistical measures that can use Playa Hotels historical prices to predict the future Playa Hotels' volatility.| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.404 | |||
| Total Risk Alpha | 0.0988 | |||
| Sortino Ratio | 0.2011 | |||
| Treynor Ratio | 0.8274 |
Playa Hotels Resorts Backtested Returns
Playa Hotels appears to be not too volatile, given 3 months investment horizon. Playa Hotels Resorts maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Playa Hotels' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Playa Hotels' Coefficient Of Variation of 491.96, semi deviation of 1.29, and Risk Adjusted Performance of 0.1627 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Playa Hotels holds a performance score of 16. The company holds a Beta of 0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Playa Hotels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Playa Hotels is expected to be smaller as well. Please check Playa Hotels' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Playa Hotels' historical price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Playa Hotels Resorts has modest predictability. Overlapping area represents the amount of predictability between Playa Hotels time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Playa Hotels Resorts price movement. The serial correlation of 0.53 indicates that about 53.0% of current Playa Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Playa Hotels Resorts lagged returns against current returns
Autocorrelation, which is Playa Hotels 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 Playa Hotels' stock expected returns. We can calculate the autocorrelation of Playa Hotels returns to help us make a trade decision. For example, suppose you find that Playa Hotels 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 |
Playa Hotels 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 Playa Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Playa Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Playa Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Playa Hotels Lagged Returns
When evaluating Playa Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Playa Hotels stock have on its future price. Playa Hotels 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, Playa Hotels autocorrelation shows the relationship between Playa Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Playa Hotels Resorts.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Playa Stock
When determining whether Playa Hotels Resorts offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Playa Hotels' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Playa Hotels Resorts Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Playa Hotels Resorts Stock:Check out Playa Hotels Correlation, Playa Hotels Volatility and Playa Hotels Alpha and Beta module to complement your research on Playa Hotels. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Playa Hotels technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.