Photronics Stock Market Value
| PLAB Stock | USD 24.18 1.18 4.65% |
| Symbol | Photronics |
Photronics Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.25 | Earnings Share 2.27 | Revenue Per Share 14.156 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0915 |
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' 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 Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Photronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Photronics '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 Photronics' 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 Photronics.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Photronics on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Photronics or generate 0.0% return on investment in Photronics over 30 days. Photronics is related to or competes with Aehr Test, Lam Research, KLA Tencor, Kulicke, Cohu, Onto Innovation, and Ultra Clean. Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services... More
Photronics 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 Photronics' 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 Photronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.86 |
Photronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Photronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Photronics' standard deviation. In reality, there are many statistical measures that can use Photronics historical prices to predict the future Photronics' volatility.| Risk Adjusted Performance | 0.0223 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0189 |
Photronics Backtested Returns
At this point, Photronics is very steady. Photronics maintains Sharpe Ratio (i.e., Efficiency) of 0.0217, which implies the firm had a 0.0217% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Photronics, which you can use to evaluate the volatility of the company. Please check Photronics' Risk Adjusted Performance of 0.0223, coefficient of variation of 4938.12, and Semi Deviation of 2.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.0451%. Photronics has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.99, 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, Photronics will likely underperform. Photronics right now holds a risk of 2.08%. Please check Photronics sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Photronics will be following its historical price patterns.
Auto-correlation | 0.78 |
Good predictability
Photronics has good predictability. Overlapping area represents the amount of predictability between Photronics time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Photronics price movement. The serial correlation of 0.78 indicates that around 78.0% of current Photronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Photronics lagged returns against current returns
Autocorrelation, which is Photronics 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 Photronics' stock expected returns. We can calculate the autocorrelation of Photronics returns to help us make a trade decision. For example, suppose you find that Photronics 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 |
Photronics 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 Photronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Photronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Photronics stock over time.
Current vs Lagged Prices |
| Timeline |
Photronics Lagged Returns
When evaluating Photronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Photronics stock have on its future price. Photronics 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, Photronics autocorrelation shows the relationship between Photronics stock current value and its past values and can show if there is a momentum factor associated with investing in Photronics.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Photronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Photronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Photronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Photronics Stock:Check out Photronics Correlation, Photronics Volatility and Photronics Alpha and Beta module to complement your research on Photronics. For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.