Plum Acquisition Corp. I Stock Price Down 5.9 percent - American Banking and Market News
| PLMJW Stock | 0.20 0.02 11.11% |
Slightly above 55% of Plum Acquisition's sophisticated investors are presently thinking to get in. The current sentiment regarding investing in Plum Acquisition Corp stock implies that some traders are interested. Plum Acquisition's investing sentiment can be driven by a variety of factors including economic data, Plum Acquisition's earnings reports, geopolitical events, and overall market trends.
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Plum Acquisition Corp. I Stock Price Down 5.9 American Banking and Market News
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Plum Acquisition Fundamental Analysis
We analyze Plum Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Plum Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Plum Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Plum Acquisition is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Plum Acquisition Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Plum Acquisition stock to make a market-neutral strategy. Peer analysis of Plum Acquisition could also be used in its relative valuation, which is a method of valuing Plum Acquisition by comparing valuation metrics with similar companies.
Peers
Plum Acquisition Related Equities
| MESA | Mesa Air | 3.67 | ||||
| WAB | Westinghouse Air | 1.83 | ||||
| TAP | Molson Coors | 1.18 | ||||
| AL | Air Lease | 0.87 | ||||
| TPB | Turning Point | 0.72 | ||||
| UVV | Universal | 0.33 | ||||
| DINO | HF Sinclair | 0.27 |
Additional Tools for Plum Stock Analysis
When running Plum Acquisition's price analysis, check to measure Plum Acquisition's 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 Plum Acquisition is operating at the current time. Most of Plum Acquisition's value examination focuses on studying past and present price action to predict the probability of Plum Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plum Acquisition's price. Additionally, you may evaluate how the addition of Plum Acquisition to your portfolios can decrease your overall portfolio volatility.