Plaza Centers (UK) Market Value
| PLAZ Stock | 25.00 5.00 16.67% |
| Symbol | Plaza |
Plaza Centers '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 Plaza Centers' 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 Plaza Centers.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Plaza Centers on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Plaza Centers NV or generate 0.0% return on investment in Plaza Centers over 30 days. Plaza Centers is related to or competes with JB Hunt, Park Hotels, Dalata Hotel, PPHE Hotel, Spire Healthcare, Worldwide Healthcare, and Bellevue Healthcare. Plaza Centers is entity of United Kingdom More
Plaza Centers 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 Plaza Centers' 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 Plaza Centers NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 16.67 |
Plaza Centers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plaza Centers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plaza Centers' standard deviation. In reality, there are many statistical measures that can use Plaza Centers historical prices to predict the future Plaza Centers' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.6934 |
Plaza Centers NV Backtested Returns
Plaza Centers NV maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Plaza Centers NV exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plaza Centers' Variance of 4.21, coefficient of variation of (812.40), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Plaza Centers are expected to decrease at a much lower rate. During the bear market, Plaza Centers is likely to outperform the market. At this point, Plaza Centers NV has a negative expected return of -0.26%. Please make sure to check Plaza Centers' mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Plaza Centers NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Plaza Centers NV has no correlation between past and present. Overlapping area represents the amount of predictability between Plaza Centers time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Plaza Centers NV price movement. The serial correlation of 0.0 indicates that just 0.0% of current Plaza Centers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.56 |
Plaza Centers NV lagged returns against current returns
Autocorrelation, which is Plaza Centers 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 Plaza Centers' stock expected returns. We can calculate the autocorrelation of Plaza Centers returns to help us make a trade decision. For example, suppose you find that Plaza Centers 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 |
Plaza Centers 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 Plaza Centers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plaza Centers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plaza Centers stock over time.
Current vs Lagged Prices |
| Timeline |
Plaza Centers Lagged Returns
When evaluating Plaza Centers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plaza Centers stock have on its future price. Plaza Centers 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, Plaza Centers autocorrelation shows the relationship between Plaza Centers stock current value and its past values and can show if there is a momentum factor associated with investing in Plaza Centers NV.
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 Plaza Stock Analysis
When running Plaza Centers' price analysis, check to measure Plaza Centers' 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 Plaza Centers is operating at the current time. Most of Plaza Centers' value examination focuses on studying past and present price action to predict the probability of Plaza Centers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plaza Centers' price. Additionally, you may evaluate how the addition of Plaza Centers to your portfolios can decrease your overall portfolio volatility.