Plantify Foods Stock Market Value
| PTFY Stock | 0.23 0.02 8.00% |
| Symbol | Plantify |
Plantify Foods '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 Plantify Foods' 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 Plantify Foods.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Plantify Foods on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Plantify Foods or generate 0.0% return on investment in Plantify Foods over 30 days. Plantify Foods is related to or competes with Walmart, Amazon CDR, UPS CDR, HOME DEPOT, UnitedHealth Group, Berkshire Hathaway, and Costco Wholesale. Plantify Foods is entity of Canada. It is traded as Stock on V exchange. More
Plantify Foods 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 Plantify Foods' 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 Plantify Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 49.4 | |||
| Value At Risk | (16.67) |
Plantify Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plantify Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plantify Foods' standard deviation. In reality, there are many statistical measures that can use Plantify Foods historical prices to predict the future Plantify Foods' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (1.88) | |||
| Total Risk Alpha | (2.77) | |||
| Treynor Ratio | 30.46 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plantify Foods' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Plantify Foods Backtested Returns
Plantify Foods maintains Sharpe Ratio (i.e., Efficiency) of -0.26, which implies the firm had a -0.26% return per unit of risk over the last 3 months. Plantify Foods exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plantify Foods' Risk Adjusted Performance of (0.18), coefficient of variation of (383.58), and Variance of 51.58 to confirm the risk estimate we provide. The company holds a Beta of -0.0618, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Plantify Foods are expected to decrease at a much lower rate. During the bear market, Plantify Foods is likely to outperform the market. At this point, Plantify Foods has a negative expected return of -1.9%. Please make sure to check Plantify Foods' standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if Plantify Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Plantify Foods has good predictability. Overlapping area represents the amount of predictability between Plantify Foods time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Plantify Foods price movement. The serial correlation of 0.73 indicates that around 73.0% of current Plantify Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Plantify Foods lagged returns against current returns
Autocorrelation, which is Plantify Foods 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 Plantify Foods' stock expected returns. We can calculate the autocorrelation of Plantify Foods returns to help us make a trade decision. For example, suppose you find that Plantify Foods 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 |
Plantify Foods 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 Plantify Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plantify Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plantify Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Plantify Foods Lagged Returns
When evaluating Plantify Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plantify Foods stock have on its future price. Plantify Foods 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, Plantify Foods autocorrelation shows the relationship between Plantify Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Plantify Foods.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Plantify Stock Analysis
When running Plantify Foods' price analysis, check to measure Plantify Foods' 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 Plantify Foods is operating at the current time. Most of Plantify Foods' value examination focuses on studying past and present price action to predict the probability of Plantify Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plantify Foods' price. Additionally, you may evaluate how the addition of Plantify Foods to your portfolios can decrease your overall portfolio volatility.