Planet Fitness Stock Market Value
| PLNT Stock | USD 98.28 0.41 0.42% |
| Symbol | Planet |
Planet Fitness Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Fitness. 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 Fitness 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 0.08 | Earnings Share 1.86 | Revenue Per Share 12.194 | Quarterly Revenue Growth 0.049 | Return On Assets 0.0655 |
The market value of Planet Fitness 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 Fitness' value that differs from its market value or its book value, called intrinsic value, which is Planet Fitness' 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 Fitness' market value can be influenced by many factors that don't directly affect Planet Fitness' 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 Fitness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Fitness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Fitness' 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 Fitness '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 Fitness' 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 Fitness.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Planet Fitness on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Planet Fitness or generate 0.0% return on investment in Planet Fitness over 30 days. Planet Fitness is related to or competes with Hyatt Hotels, Wyndham Hotels, and WW International. Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness b... More
Planet Fitness 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 Fitness' 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 Fitness upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.1228 | |||
| Maximum Drawdown | 12.22 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.44 |
Planet Fitness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Planet Fitness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Planet Fitness' standard deviation. In reality, there are many statistical measures that can use Planet Fitness historical prices to predict the future Planet Fitness' volatility.| Risk Adjusted Performance | 0.1335 | |||
| Jensen Alpha | 0.2739 | |||
| Total Risk Alpha | 0.1049 | |||
| Sortino Ratio | 0.1771 | |||
| Treynor Ratio | 0.4383 |
Planet Fitness Backtested Returns
Planet Fitness appears to be very steady, given 3 months investment horizon. Planet Fitness maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Planet Fitness, which you can use to evaluate the volatility of the company. Please evaluate Planet Fitness' Risk Adjusted Performance of 0.1335, coefficient of variation of 592.52, and Semi Deviation of 1.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Planet Fitness holds a performance score of 12. The company holds a Beta of 0.78, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Planet Fitness' returns are expected to increase less than the market. However, during the bear market, the loss of holding Planet Fitness is expected to be smaller as well. Please check Planet Fitness' potential upside, and the relationship between the jensen alpha and accumulation distribution , to make a quick decision on whether Planet Fitness' historical price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Planet Fitness has virtually no predictability. Overlapping area represents the amount of predictability between Planet Fitness time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Fitness price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Planet Fitness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 12.13 |
Planet Fitness lagged returns against current returns
Autocorrelation, which is Planet Fitness 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 Fitness' stock expected returns. We can calculate the autocorrelation of Planet Fitness returns to help us make a trade decision. For example, suppose you find that Planet Fitness 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 |
Planet Fitness 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 Fitness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Planet Fitness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Planet Fitness stock over time.
Current vs Lagged Prices |
| Timeline |
Planet Fitness Lagged Returns
When evaluating Planet Fitness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Planet Fitness stock have on its future price. Planet Fitness 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 Fitness autocorrelation shows the relationship between Planet Fitness stock current value and its past values and can show if there is a momentum factor associated with investing in Planet Fitness.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Planet Stock Analysis
When running Planet Fitness' price analysis, check to measure Planet Fitness' 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 Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.