Preformed Line Products Stock Market Value
| PLPC Stock | USD 143.56 5.04 3.64% |
| Symbol | Preformed |
Preformed Line Products Price To Book Ratio
Is Electrical Components & Equipment 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 Preformed Line. If investors know Preformed 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 Preformed Line 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 (0.49) | Dividend Share 0.8 | Earnings Share 6.66 | Revenue Per Share 116.621 | Quarterly Revenue Growth (0.08) |
The market value of Preformed Line Products is measured differently than its book value, which is the value of Preformed that is recorded on the company's balance sheet. Investors also form their own opinion of Preformed Line's value that differs from its market value or its book value, called intrinsic value, which is Preformed Line'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 Preformed Line's market value can be influenced by many factors that don't directly affect Preformed Line'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 Preformed Line's value and its price as these two are different measures arrived at by different means. Investors typically determine if Preformed Line is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Preformed Line'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.
Preformed Line '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 Preformed Line'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 Preformed Line.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Preformed Line on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Preformed Line Products or generate 0.0% return on investment in Preformed Line over 300 days. Preformed Line is related to or competes with Kimball Electronics, NVent Electric, Espey Mfg, Hubbell, Energizer Holdings, Acuity Brands, and NeoVolta Common. Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are ... More
Preformed Line 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 Preformed Line'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 Preformed Line Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.21 |
Preformed Line Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Preformed Line's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Preformed Line's standard deviation. In reality, there are many statistical measures that can use Preformed Line historical prices to predict the future Preformed Line's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.0311 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | 0.136 |
Preformed Line Products Backtested Returns
Preformed Line appears to be very steady, given 3 months investment horizon. Preformed Line Products maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Preformed Line Products, which you can use to evaluate the volatility of the company. Please evaluate Preformed Line's Risk Adjusted Performance of 0.0985, coefficient of variation of 829.5, and Semi Deviation of 1.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Preformed Line holds a performance score of 11. The company holds a Beta of 1.79, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Preformed Line will likely underperform. Please check Preformed Line's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Preformed Line's historical price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Preformed Line Products has poor predictability. Overlapping area represents the amount of predictability between Preformed Line time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Preformed Line Products price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Preformed Line price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 54.28 |
Preformed Line Products lagged returns against current returns
Autocorrelation, which is Preformed Line 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 Preformed Line's stock expected returns. We can calculate the autocorrelation of Preformed Line returns to help us make a trade decision. For example, suppose you find that Preformed Line 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 |
Preformed Line 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 Preformed Line stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Preformed Line stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Preformed Line stock over time.
Current vs Lagged Prices |
| Timeline |
Preformed Line Lagged Returns
When evaluating Preformed Line's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Preformed Line stock have on its future price. Preformed Line 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, Preformed Line autocorrelation shows the relationship between Preformed Line stock current value and its past values and can show if there is a momentum factor associated with investing in Preformed Line Products.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Preformed Line Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Preformed Line's 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 Preformed Line Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Preformed Line Products Stock:Check out Preformed Line Correlation, Preformed Line Volatility and Preformed Line Alpha and Beta module to complement your research on Preformed Line. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Preformed Line 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.