Planet Green Holdings Stock Market Value
| PLAG Stock | USD 3.50 0.22 6.71% |
| Symbol | Planet |
Planet Green Holdings Price To Book Ratio
Is Packaged Foods & Meats 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 Planet Green. If investors know Planet 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 Planet Green listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.45) | Revenue Per Share 2.426 | Quarterly Revenue Growth (0.57) | Return On Assets (0.12) | Return On Equity (0.49) |
The market value of Planet Green Holdings is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Green's value that differs from its market value or its book value, called intrinsic value, which is Planet Green'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 Planet Green's market value can be influenced by many factors that don't directly affect Planet Green'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 Planet Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Green'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.
Planet Green '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 Planet Green'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 Planet Green.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Planet Green on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Planet Green Holdings or generate 0.0% return on investment in Planet Green over 540 days. Planet Green is related to or competes with Bit Origin, Laird Superfood, and Stryve Foods. Planet Green Holdings Corp., through its subsidiaries, grows, manufactures, and distributes brick, black, and green tea ... More
Planet Green 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 Planet Green'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 Planet Green Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.53 | |||
| Information Ratio | 0.1178 | |||
| Maximum Drawdown | 57.53 | |||
| Value At Risk | (12.24) | |||
| Potential Upside | 25.42 |
Planet Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Planet Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Planet Green's standard deviation. In reality, there are many statistical measures that can use Planet Green historical prices to predict the future Planet Green's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.141 | |||
| Treynor Ratio | (0.75) |
Planet Green Holdings Backtested Returns
Planet Green is dangerous given 3 months investment horizon. Planet Green Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.4% are justified by taking the suggested risk. Use Planet Green Semi Deviation of 7.0, risk adjusted performance of 0.1095, and Coefficient Of Variation of 765.32 to evaluate company specific risk that cannot be diversified away. Planet Green holds a performance score of 10 on a scale of zero to a hundred. The company holds a Beta of -1.76, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Planet Green are expected to decrease by larger amounts. On the other hand, during market turmoil, Planet Green is expected to outperform it. Use Planet Green treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to analyze future returns on Planet Green.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Planet Green Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between Planet Green time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Planet Green Holdings price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Planet Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Planet Green Holdings lagged returns against current returns
Autocorrelation, which is Planet Green 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 Planet Green's stock expected returns. We can calculate the autocorrelation of Planet Green returns to help us make a trade decision. For example, suppose you find that Planet Green 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 |
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Planet Green 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 Planet Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Planet Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Planet Green stock over time.
Current vs Lagged Prices |
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Planet Green Lagged Returns
When evaluating Planet Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Planet Green stock have on its future price. Planet Green 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, Planet Green autocorrelation shows the relationship between Planet Green stock current value and its past values and can show if there is a momentum factor associated with investing in Planet Green Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Planet Green Holdings is a strong investment it is important to analyze Planet Green's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Planet Green's future performance. For an informed investment choice regarding Planet Stock, refer to the following important reports:Check out Planet Green Correlation, Planet Green Volatility and Planet Green Alpha and Beta module to complement your research on Planet Green. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Planet Green 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.