Purple Innovation Stock Technical Analysis
| PRPL Stock | USD 0.67 0 0.57% |
As of the 3rd of February, Purple Innovation holds the Risk Adjusted Performance of (0.04), coefficient of variation of (1,519), and Variance of 18.95. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Purple Innovation, as well as the relationship between them. Please check Purple Innovation risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Purple Innovation is priced some-what accurately, providing market reflects its current price of 0.6738 per share. As Purple Innovation is a penny stock we also suggest to check out its jensen alpha numbers.
Purple Innovation Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Purple, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PurplePurple Innovation's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.Purple Innovation Analyst Consensus
| Target Price | Consensus | # of Analysts | |
| 2.53 | Buy | 5 | Odds |
Most Purple analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Purple stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Purple Innovation, talking to its executives and customers, or listening to Purple conference calls.
Is Household Appliances 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 Purple Innovation. Anticipated expansion of Purple directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Purple Innovation assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.60) | Earnings Share (0.52) | Revenue Per Share | Quarterly Revenue Growth 0.001 | Return On Assets |
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation'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 Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Purple Innovation's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Purple Innovation should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Purple Innovation's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
Purple Innovation '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 Purple Innovation'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 Purple Innovation.
| 11/05/2025 |
| 02/03/2026 |
If you would invest 0.00 in Purple Innovation on November 5, 2025 and sell it all today you would earn a total of 0.00 from holding Purple Innovation or generate 0.0% return on investment in Purple Innovation over 90 days. Purple Innovation is related to or competes with Red Robin, Full House, Hooker Furniture, Lifetime Brands, TH International, GrowGeneration Corp, and QVC. Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions More
Purple Innovation 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 Purple Innovation'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 Purple Innovation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 27.01 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 6.25 |
Purple Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purple Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purple Innovation's standard deviation. In reality, there are many statistical measures that can use Purple Innovation historical prices to predict the future Purple Innovation's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.00) |
Purple Innovation February 3, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.99) | |||
| Mean Deviation | 3.04 | |||
| Coefficient Of Variation | (1,519) | |||
| Standard Deviation | 4.35 | |||
| Variance | 18.95 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.00) | |||
| Maximum Drawdown | 27.01 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 6.25 | |||
| Skewness | 1.24 | |||
| Kurtosis | 4.83 |
Purple Innovation Backtested Returns
Purple Innovation maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Purple Innovation exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Purple Innovation's Variance of 18.95, coefficient of variation of (1,519), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, Purple Innovation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Purple Innovation is expected to be smaller as well. At this point, Purple Innovation has a negative expected return of -0.0341%. Please make sure to check Purple Innovation's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Purple Innovation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Purple Innovation has insignificant predictability. Overlapping area represents the amount of predictability between Purple Innovation time series from 5th of November 2025 to 20th of December 2025 and 20th of December 2025 to 3rd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Purple Innovation price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Purple Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Purple Innovation 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.
Purple Innovation Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Normalized Average True Range is used to analyze tradable apportunities for Purple Innovation across different markets.
About Purple Innovation Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Purple Innovation on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Purple Innovation based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Purple Innovation price pattern first instead of the macroeconomic environment surrounding Purple Innovation. By analyzing Purple Innovation's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Purple Innovation's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Purple Innovation specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2026 (projected) | Dividend Yield | 0.001343 | 9.71E-4 | 0.001061 | Price To Sales Ratio | 1.2 | 0.68 | 0.19 |
Purple Innovation February 3, 2026 Technical Indicators
Most technical analysis of Purple help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Purple from various momentum indicators to cycle indicators. When you analyze Purple charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.99) | |||
| Mean Deviation | 3.04 | |||
| Coefficient Of Variation | (1,519) | |||
| Standard Deviation | 4.35 | |||
| Variance | 18.95 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.00) | |||
| Maximum Drawdown | 27.01 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 6.25 | |||
| Skewness | 1.24 | |||
| Kurtosis | 4.83 |
Purple Innovation February 3, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Purple stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 0.67 | ||
| Day Typical Price | 0.67 | ||
| Price Action Indicator | 0.01 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purple Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Household Appliances 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 Purple Innovation. Anticipated expansion of Purple directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Purple Innovation assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.60) | Earnings Share (0.52) | Revenue Per Share | Quarterly Revenue Growth 0.001 | Return On Assets |
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation'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 Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Purple Innovation's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Purple Innovation should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Purple Innovation's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.