Plug Power (Germany) Market Value
| PLUN Stock | 2.44 0.25 11.42% |
| 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.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Plug Power on November 23, 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 Delta Electronics, YASKAWA ELEC, VERTIV HOLCL, OSRAM LICHT, Bloom Energy, and Alfen NV. 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 | 5.77 | |||
| Information Ratio | 0.1136 | |||
| Maximum Drawdown | 39.23 | |||
| Value At Risk | (6.79) | |||
| Potential Upside | 12.85 |
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 | 0.1029 | |||
| Jensen Alpha | 0.7229 | |||
| Total Risk Alpha | 0.5434 | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | (1.75) |
Plug Power Backtested Returns
Plug Power appears to be dangerous, given 3 months investment horizon. Plug Power maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Plug Power's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Plug Power's Coefficient Of Variation of 841.07, semi deviation of 5.04, and Risk Adjusted Performance of 0.1029 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 8. The company holds a Beta of -0.41, 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 | -0.21 |
Weak reverse predictability
Plug Power has weak reverse predictability. Overlapping area represents the amount of predictability between Plug Power time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 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 -0.21 indicates that over 21.0% of current Plug Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.35 | |
| 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 |
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.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 information on how to trade Plug Stock refer to our How to Trade Plug Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.