Photronics Stock Price on December 19, 2024
PLAB Stock | USD 24.27 0.08 0.33% |
If you're considering investing in Photronics Stock, it is important to understand the factors that can impact its price. As of today, the current price of Photronics stands at 24.27, as last reported on the 26th of December, with the highest price reaching 24.35 and the lowest price hitting 23.85 during the day. Photronics maintains Sharpe Ratio (i.e., Efficiency) of -0.003, which implies the firm had a -0.003% return per unit of risk over the last 3 months. Photronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Photronics' Coefficient Of Variation of (33,317), risk adjusted performance of 0.0046, and Variance of 6.79 to confirm the risk estimate we provide.
Photronics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Photronics |
Sharpe Ratio = -0.003
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Estimated Market Risk
2.61 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Photronics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Photronics by adding Photronics to a well-diversified portfolio.
Related Headline
Aehr Test Headline on 19th of December 2024
Why Aehr Test Systems Rocketed Higher This Week by finance.yahoo.com
Shares of Aehr Test Systems rallied 14.5 percent this week, according to data from SP Global Market Intelligence. This weeks move was all the more notable since the market sold off hard in the wake of the Federal Reserves rate decision and 2025 guidance on Wednesday. Aehr Test makes wafer testing and burn-in equipment that stresses semiconductors to high voltages while still on the wafer on which theyre produced.
Photronics Valuation on December 19, 2024
It is possible to determine the worth of Photronics on a given historical date. On December 19, 2024 Photronics was worth 25.54 at the beginning of the trading date compared to the closed value of 24.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Photronics stock. Still, in general, we apply an absolute valuation method to find Photronics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Photronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Photronics' related companies.
Open | High | Low | Close | Volume | |
26.47 | 27.08 | 24.59 | 24.91 | 639,147 | |
12/19/2024 | 25.54 | 25.72 | 24.31 | 24.41 | 765,248 |
23.96 | 24.61 | 23.82 | 24.04 | 2,343,676 |
Backtest Photronics | | | Photronics History | | | Photronics Valuation | Previous | Next |
Photronics Trading Date Momentum on December 19, 2024
On December 20 2024 Photronics was traded for 24.04 at the closing time. The top price for the day was 24.61 and the lowest listed price was 23.82 . The trading volume for the day was 2.3 M. The trading history from December 20, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.52% . The trading delta at closing time against the current closing price is 1.64% . |
Photronics Fundamentals Correlations and Trends
By evaluating Photronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Photronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Photronics financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Photronics Stock history
Photronics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Photronics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Photronics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Photronics stock prices may prove useful in developing a viable investing in Photronics
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut. Photronics operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 1728 people.
Photronics Stock Technical Analysis
Photronics 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.
Price Boundaries
Photronics Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Photronics cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Photronics December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Photronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Photronics shares will generate the highest return on investment. By undertsting and applying Photronics stock market strength indicators, traders can identify Photronics entry and exit signals to maximize returns
Photronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Photronics' price direction in advance. Along with the technical and fundamental analysis of Photronics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Photronics to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0046 | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.16) | |||
Treynor Ratio | (0.01) |
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Complementary Tools for Photronics Stock analysis
When running Photronics' price analysis, check to measure Photronics' 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 Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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