Plexus Corp (Germany) Market Value
| PX4 Stock | EUR 152.00 1.00 0.65% |
| Symbol | Plexus |
Plexus Corp '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 Plexus Corp'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 Plexus Corp.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Plexus Corp on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Plexus Corp or generate 0.0% return on investment in Plexus Corp over 30 days. Plexus Corp is related to or competes with MGIC INVESTMENT, NXP Semiconductors, EAT WELL, Apollo Investment, Magnachip Semiconductor, ECHO INVESTMENT, and TOREX SEMICONDUCTOR. Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Mi... More
Plexus Corp 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 Plexus Corp'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 Plexus Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.1382 | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 3.7 |
Plexus Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plexus Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plexus Corp's standard deviation. In reality, there are many statistical measures that can use Plexus Corp historical prices to predict the future Plexus Corp's volatility.| Risk Adjusted Performance | 0.1591 | |||
| Jensen Alpha | 0.2695 | |||
| Total Risk Alpha | 0.0631 | |||
| Sortino Ratio | 0.1711 | |||
| Treynor Ratio | 0.332 |
Plexus Corp Backtested Returns
Plexus Corp appears to be very steady, given 3 months investment horizon. Plexus Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Plexus Corp, which you can use to evaluate the volatility of the company. Please evaluate Plexus Corp's Risk Adjusted Performance of 0.1591, semi deviation of 1.27, and Coefficient Of Variation of 501.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plexus Corp holds a performance score of 15. The company holds a Beta of 1.32, 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, Plexus Corp will likely underperform. Please check Plexus Corp's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Plexus Corp's historical price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Plexus Corp has good predictability. Overlapping area represents the amount of predictability between Plexus Corp time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Plexus Corp price movement. The serial correlation of 0.77 indicates that around 77.0% of current Plexus Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 11.11 |
Plexus Corp lagged returns against current returns
Autocorrelation, which is Plexus Corp 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 Plexus Corp's stock expected returns. We can calculate the autocorrelation of Plexus Corp returns to help us make a trade decision. For example, suppose you find that Plexus Corp 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 |
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Plexus Corp 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 Plexus Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plexus Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plexus Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Plexus Corp Lagged Returns
When evaluating Plexus Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plexus Corp stock have on its future price. Plexus Corp 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, Plexus Corp autocorrelation shows the relationship between Plexus Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Plexus Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Plexus Stock
When determining whether Plexus Corp is a strong investment it is important to analyze Plexus Corp'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 Plexus Corp's future performance. For an informed investment choice regarding Plexus Stock, refer to the following important reports:Check out Plexus Corp Correlation, Plexus Corp Volatility and Plexus Corp Alpha and Beta module to complement your research on Plexus Corp. For more detail on how to invest in Plexus Stock please use our How to Invest in Plexus Corp guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Plexus Corp 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.