Plug Power Stock Market Value
| PLUG Stock | USD 2.20 0.28 14.58% |
| Symbol | Plug |
Plug Power 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 Plug Power. If investors know Plug 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 Plug Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.11) | Revenue Per Share 0.929 | Quarterly Revenue Growth (0.13) | Return On Assets (0.13) | Return On Equity (0.43) |
The market value of Plug Power is measured differently than its book value, which is the value of Plug that is recorded on the company's balance sheet. Investors also form their own opinion of Plug Power's value that differs from its market value or its book value, called intrinsic value, which is Plug Power'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 Plug Power's market value can be influenced by many factors that don't directly affect Plug Power'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 Plug Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plug Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plug Power'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.
Plug Power '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 Plug Power'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 Plug Power.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Plug Power on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Plug Power or generate 0.0% return on investment in Plug Power over 30 days. Plug Power is related to or competes with Bloom Energy, Microvast Holdings, Solid Power, CBAK Energy, FuelCell Energy, FREYR Battery, and Enovix Corp. Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics... More
Plug Power 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 Plug Power'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 Plug Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.08 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 41.92 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 9.8 |
Plug Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plug Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plug Power's standard deviation. In reality, there are many statistical measures that can use Plug Power historical prices to predict the future Plug Power's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | 0.0882 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plug Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Plug Power Backtested Returns
At this point, Plug Power is unstable. Plug Power maintains Sharpe Ratio (i.e., Efficiency) of 0.01, which implies the firm had a 0.01% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Plug Power, which you can use to evaluate the volatility of the company. Please check Plug Power's Coefficient Of Variation of 24600.68, risk adjusted performance of 0.0118, and Semi Deviation of 5.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.0595%. The company holds a Beta of -0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Plug Power are expected to decrease at a much lower rate. During the bear market, Plug Power is likely to outperform the market. Plug Power right now holds a risk of 5.96%. Please check Plug Power downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Plug Power will be following its historical price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Plug Power has very weak reverse predictability. Overlapping area represents the amount of predictability between Plug Power time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Plug Power price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Plug Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Plug Power lagged returns against current returns
Autocorrelation, which is Plug Power 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 Plug Power's stock expected returns. We can calculate the autocorrelation of Plug Power returns to help us make a trade decision. For example, suppose you find that Plug Power 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 |
Plug Power 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 Plug Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plug Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plug Power stock over time.
Current vs Lagged Prices |
| Timeline |
Plug Power Lagged Returns
When evaluating Plug Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plug Power stock have on its future price. Plug Power 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, Plug Power autocorrelation shows the relationship between Plug Power stock current value and its past values and can show if there is a momentum factor associated with investing in Plug Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Plug Power is a strong investment it is important to analyze Plug Power'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 Plug Power's future performance. For an informed investment choice regarding Plug Stock, refer to the following important reports:Check out Plug Power Correlation, Plug Power Volatility and Plug Power Alpha and Beta module to complement your research on Plug Power. For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Plug Power 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.