Poet Technologies Stock Market Value
| POET Stock | USD 4.01 0.03 0.74% |
| Symbol | POET |
POET Technologies Price To Book Ratio
Is Semiconductors & Semiconductor 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 POET Technologies. If investors know POET 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 POET Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.61) | Revenue Per Share 0.003 | Quarterly Revenue Growth (0.95) | Return On Assets (0.66) | Return On Equity (1.33) |
The market value of POET Technologies is measured differently than its book value, which is the value of POET that is recorded on the company's balance sheet. Investors also form their own opinion of POET Technologies' value that differs from its market value or its book value, called intrinsic value, which is POET Technologies' 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 POET Technologies' market value can be influenced by many factors that don't directly affect POET Technologies' 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 POET Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if POET Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POET Technologies' 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.
POET Technologies '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 POET Technologies' 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 POET Technologies.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in POET Technologies on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding POET Technologies or generate 0.0% return on investment in POET Technologies over 30 days. POET Technologies is related to or competes with Pixelworks, Valens, CEVA, EMCORE, QuickLogic, Silicon Laboratories, and MaxLinear. POET Technologies Inc. designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in C... More
POET Technologies 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 POET Technologies' 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 POET Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.0709 | |||
| Maximum Drawdown | 46.07 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 11.51 |
POET Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POET Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POET Technologies' standard deviation. In reality, there are many statistical measures that can use POET Technologies historical prices to predict the future POET Technologies' volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.3929 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.1418 | |||
| Treynor Ratio | 0.3757 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of POET Technologies' 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.
POET Technologies Backtested Returns
POET Technologies appears to be unstable, given 3 months investment horizon. POET Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0911, which implies the firm had a 0.0911% return per unit of risk over the last 3 months. By inspecting POET Technologies' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please evaluate POET Technologies' Risk Adjusted Performance of 0.0787, mean deviation of 3.84, and Semi Deviation of 2.93 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, POET Technologies holds a performance score of 7. The company holds a Beta of 1.54, 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, POET Technologies will likely underperform. Please check POET Technologies' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether POET Technologies' historical price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
POET Technologies has modest predictability. Overlapping area represents the amount of predictability between POET Technologies 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 POET Technologies price movement. The serial correlation of 0.51 indicates that about 51.0% of current POET Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
POET Technologies lagged returns against current returns
Autocorrelation, which is POET Technologies 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 POET Technologies' stock expected returns. We can calculate the autocorrelation of POET Technologies returns to help us make a trade decision. For example, suppose you find that POET Technologies 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 |
POET Technologies 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 POET Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POET Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POET Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
POET Technologies Lagged Returns
When evaluating POET Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POET Technologies stock have on its future price. POET Technologies 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, POET Technologies autocorrelation shows the relationship between POET Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in POET Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for POET Stock Analysis
When running POET Technologies' price analysis, check to measure POET Technologies' 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 POET Technologies is operating at the current time. Most of POET Technologies' value examination focuses on studying past and present price action to predict the probability of POET Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move POET Technologies' price. Additionally, you may evaluate how the addition of POET Technologies to your portfolios can decrease your overall portfolio volatility.