Polar Power Stock Market Value
| POLA Stock | USD 2.87 0.08 2.71% |
| Symbol | Polar |
Polar Power Price To Book Ratio
Is Heavy Electrical 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 Polar Power. If investors know Polar 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 Polar Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.24) | Revenue Per Share 0.766 | Quarterly Revenue Growth (0.17) | Return On Assets (0.15) | Return On Equity (0.47) |
The market value of Polar Power is measured differently than its book value, which is the value of Polar that is recorded on the company's balance sheet. Investors also form their own opinion of Polar Power's value that differs from its market value or its book value, called intrinsic value, which is Polar Power'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 Polar Power's market value can be influenced by many factors that don't directly affect Polar Power's 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 Polar Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polar Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polar 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.
Polar 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 Polar 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 Polar Power.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Polar Power on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Polar Power or generate 0.0% return on investment in Polar Power over 720 days. Polar Power is related to or competes with CBAK Energy, Ocean Power, Enersys, Flux Power, Pioneer Power, Eos Energy, and FuelCell Energy. Polar Power, Inc. designs, manufactures, and sells direct current power generators, renewable energy, and cooling system... More
Polar 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 Polar 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 Polar Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.03 | |||
| Information Ratio | 0.014 | |||
| Maximum Drawdown | 45.49 | |||
| Value At Risk | (10.61) | |||
| Potential Upside | 12.77 |
Polar Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polar Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polar Power's standard deviation. In reality, there are many statistical measures that can use Polar Power historical prices to predict the future Polar Power's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.2069 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | 1.94 |
Polar Power Backtested Returns
Polar Power appears to be dangerous, given 3 months investment horizon. Polar Power maintains Sharpe Ratio (i.e., Efficiency) of 0.0454, which implies the firm had a 0.0454% return per unit of risk over the last 3 months. We have found thirty technical indicators for Polar Power, which you can use to evaluate the volatility of the company. Please evaluate Polar Power's Semi Deviation of 5.77, coefficient of variation of 3238.81, and Risk Adjusted Performance of 0.0326 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Polar Power holds a performance score of 3. The company holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polar Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polar Power is expected to be smaller as well. Please check Polar Power's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Polar Power's historical price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Polar Power has poor reverse predictability. Overlapping area represents the amount of predictability between Polar Power time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 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 Polar Power price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Polar Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Polar Power lagged returns against current returns
Autocorrelation, which is Polar 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 Polar Power's stock expected returns. We can calculate the autocorrelation of Polar Power returns to help us make a trade decision. For example, suppose you find that Polar 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 |
Polar 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 Polar Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polar Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polar Power stock over time.
Current vs Lagged Prices |
| Timeline |
Polar Power Lagged Returns
When evaluating Polar Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polar Power stock have on its future price. Polar 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, Polar Power autocorrelation shows the relationship between Polar Power stock current value and its past values and can show if there is a momentum factor associated with investing in Polar Power.
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 Polar Power offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Polar Power's 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 Polar Power Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Polar Power Stock:Check out Polar Power Correlation, Polar Power Volatility and Polar Power Alpha and Beta module to complement your research on Polar Power. For information on how to trade Polar Stock refer to our How to Trade Polar Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Polar 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.