Plug Power (Germany) Market Value

PLUN Stock  EUR 1.98  0.01  0.51%   
Plug Power's market value is the price at which a share of Plug Power trades on a public exchange. It measures the collective expectations of Plug Power investors about its performance. Plug Power is trading at 1.98 as of the 5th of December 2024. This is a 0.51 percent increase since the beginning of the trading day. The stock's lowest day price was 1.9.
With this module, you can estimate the performance of a buy and hold strategy of Plug Power and determine expected loss or profit from investing in Plug Power over a given investment horizon. Check out Plug Power Correlation, Plug Power Volatility and Plug Power Alpha and Beta module to complement your research on Plug Power.
For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.
Symbol

Please note, there is a significant difference between Plug Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plug Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plug Power's 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.

Plug Power '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 Plug Power'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 Plug Power.
0.00
12/11/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/05/2024
0.00
If you would invest  0.00  in Plug Power on December 11, 2023 and sell it all today you would earn a total of 0.00 from holding Plug Power or generate 0.0% return on investment in Plug Power over 360 days. Plug Power is related to or competes with Ballard Power, Nel ASA, ITM Power, and Powercell Sweden. Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commerc... More

Plug Power 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 Plug Power'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 Plug Power upside and downside potential and time the market with a certain degree of confidence.

Plug Power Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Plug Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plug Power's standard deviation. In reality, there are many statistical measures that can use Plug Power historical prices to predict the future Plug Power's volatility.
Hype
Prediction
LowEstimatedHigh
0.101.987.92
Details
Intrinsic
Valuation
LowRealHigh
0.081.677.61
Details
Naive
Forecast
LowNextHigh
0.042.118.05
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.922.012.09
Details

Plug Power Backtested Returns

Plug Power appears to be dangerous, given 3 months investment horizon. Plug Power maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Plug Power's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Plug Power's Semi Deviation of 5.24, risk adjusted performance of 0.0743, and Coefficient Of Variation of 1126.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plug Power holds a performance score of 8. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Plug Power are expected to decrease at a much lower rate. During the bear market, Plug Power is likely to outperform the market. Please check Plug Power's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Plug Power's historical price patterns will revert.

Auto-correlation

    
  0.23  

Weak predictability

Plug Power has weak predictability. Overlapping area represents the amount of predictability between Plug Power time series from 11th of December 2023 to 8th of June 2024 and 8th of June 2024 to 5th 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 Plug Power price movement. The serial correlation of 0.23 indicates that over 23.0% of current Plug Power price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.09

Plug Power lagged returns against current returns

Autocorrelation, which is Plug Power 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 Plug Power's stock expected returns. We can calculate the autocorrelation of Plug Power returns to help us make a trade decision. For example, suppose you find that Plug Power 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  

Plug Power 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 Plug Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plug Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plug Power stock over time.
   Current vs Lagged Prices   
       Timeline  

Plug Power Lagged Returns

When evaluating Plug Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plug Power stock have on its future price. Plug Power 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, Plug Power autocorrelation shows the relationship between Plug Power stock current value and its past values and can show if there is a momentum factor associated with investing in Plug Power.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Plug Stock

When determining whether Plug Power is a strong investment it is important to analyze Plug Power'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 Plug Power's future performance. For an informed investment choice regarding Plug Stock, refer to the following important reports:
Check out Plug Power Correlation, Plug Power Volatility and Plug Power Alpha and Beta module to complement your research on Plug Power.
For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Plug Power 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.
A focus of Plug Power technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Plug Power trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...