Powell Max Limited Stock Market Value
| PMAX Stock | 3.07 0.03 0.97% |
| Symbol | Powell |
Is Other Specialty Retail 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 Powell Max. If investors know Powell 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 Powell Max listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Powell Max Limited is measured differently than its book value, which is the value of Powell that is recorded on the company's balance sheet. Investors also form their own opinion of Powell Max's value that differs from its market value or its book value, called intrinsic value, which is Powell Max'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 Powell Max's market value can be influenced by many factors that don't directly affect Powell Max'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 Powell Max's value and its price as these two are different measures arrived at by different means. Investors typically determine if Powell Max is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Powell Max'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.
Powell Max '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 Powell Max'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 Powell Max.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Powell Max on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Powell Max Limited or generate 0.0% return on investment in Powell Max over 60 days. Powell Max is related to or competes with Oriental Culture, Hour Loop, Qurate Retail, Jeffs Brands, Kidpik Corp, MOGU, and Jd Com Inc. Powell Max is entity of United States. It is traded as Stock on NASDAQ exchange. More
Powell Max 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 Powell Max'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 Powell Max Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 30.67 | |||
| Value At Risk | (10.83) | |||
| Potential Upside | 10.95 |
Powell Max Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powell Max's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powell Max's standard deviation. In reality, there are many statistical measures that can use Powell Max historical prices to predict the future Powell Max's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | 0.6368 |
Powell Max Limited Backtested Returns
Powell Max Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0468, which implies the firm had a -0.0468% return per unit of risk over the last 3 months. Powell Max Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Powell Max's Variance of 36.4, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,251) to confirm the risk estimate we provide. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Powell Max are expected to decrease at a much lower rate. During the bear market, Powell Max is likely to outperform the market. At this point, Powell Max Limited has a negative expected return of -0.28%. Please make sure to check Powell Max's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Powell Max Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Powell Max Limited has good predictability. Overlapping area represents the amount of predictability between Powell Max time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Powell Max Limited price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Powell Max price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Powell Max Limited lagged returns against current returns
Autocorrelation, which is Powell Max 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 Powell Max's stock expected returns. We can calculate the autocorrelation of Powell Max returns to help us make a trade decision. For example, suppose you find that Powell Max 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 |
Powell Max 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 Powell Max stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powell Max stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powell Max stock over time.
Current vs Lagged Prices |
| Timeline |
Powell Max Lagged Returns
When evaluating Powell Max's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powell Max stock have on its future price. Powell Max 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, Powell Max autocorrelation shows the relationship between Powell Max stock current value and its past values and can show if there is a momentum factor associated with investing in Powell Max Limited.
Regressed Prices |
| Timeline |
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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 Tools for Powell Stock Analysis
When running Powell Max's price analysis, check to measure Powell Max's 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 Powell Max is operating at the current time. Most of Powell Max's value examination focuses on studying past and present price action to predict the probability of Powell Max's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Powell Max's price. Additionally, you may evaluate how the addition of Powell Max to your portfolios can decrease your overall portfolio volatility.