Plug Power (Germany) Market Value
| PLUN Stock | EUR 1.95 0.15 7.14% |
| Symbol | Plug |
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.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Plug Power on August 29, 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 90 days. Plug Power is related to or competes with Hon Hai, Corning Incorporated, Sunny Optical, and TDK. Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commerc... 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 | 5.58 | |||
| Information Ratio | 0.0175 | |||
| Maximum Drawdown | 37.87 | |||
| Value At Risk | (7.61) | |||
| Potential Upside | 9.04 |
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 | 0.039 | |||
| Jensen Alpha | 0.2821 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.0184 | |||
| Treynor Ratio | (0.46) |
Plug Power Backtested Returns
Plug Power appears to be dangerous, given 3 months investment horizon. Plug Power maintains Sharpe Ratio (i.e., Efficiency) of 0.0513, which implies the firm had a 0.0513% return per unit of risk over the last 3 months. We have found thirty technical indicators for Plug Power, which you can use to evaluate the volatility of the company. Please evaluate Plug Power's Semi Deviation of 5.32, coefficient of variation of 2521.06, and Risk Adjusted Performance of 0.039 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plug Power holds a performance score of 4. The company holds a Beta of -0.49, 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. Please check Plug Power's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Plug Power's historical price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
Plug Power has modest reverse predictability. Overlapping area represents the amount of predictability between Plug Power time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Plug Power price movement. The serial correlation of -0.49 indicates that about 49.0% of current Plug Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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
Additional Information and Resources on Investing in Plug Stock
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.