Poet Technologies Stock Market Value
| PTK Stock | CAD 5.92 0.32 5.71% |
| Symbol | POET |
POET Technologies Price To Book Ratio
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.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in POET Technologies on July 5, 2023 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 510 days. POET Technologies is related to or competes with Spectra7 Microsystems, Quantum Numbers, Quisitive Technology, and Reliq Health. POET Technologies Inc. designs, manufactures, and sells semi-conductor products in the United States, Canada, and Singap... 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 | 3.02 | |||
| Information Ratio | 0.0914 | |||
| Maximum Drawdown | 46.78 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 10.57 |
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 | 0.0942 | |||
| Jensen Alpha | 0.6666 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.1915 | |||
| Treynor Ratio | 2.75 |
POET Technologies Backtested Returns
POET Technologies appears to be risky, given 3 months investment horizon. POET Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting POET Technologies' technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please evaluate POET Technologies' Semi Deviation of 2.74, mean deviation of 3.72, and Risk Adjusted Performance of 0.0942 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 10. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, POET Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding POET Technologies is expected to be smaller as well. Please check POET Technologies' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether POET Technologies' historical price patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
POET Technologies has excellent reverse predictability. Overlapping area represents the amount of predictability between POET Technologies time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 POET Technologies price movement. The serial correlation of -0.81 indicates that around 81.0% of current POET Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
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.