Photronics Stock Market Value

PLAB Stock  USD 26.96  1.28  4.98%   
Photronics' market value is the price at which a share of Photronics trades on a public exchange. It measures the collective expectations of Photronics investors about its performance. Photronics is trading at 26.96 as of the 23rd of April 2024, a 4.98 percent up since the beginning of the trading day. The stock's open price was 25.68.
With this module, you can estimate the performance of a buy and hold strategy of Photronics and determine expected loss or profit from investing in Photronics over a given investment horizon. 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.
Symbol

Photronics Price To Book Ratio

Is Photronics' industry 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
0.829
Earnings Share
2.22
Revenue Per Share
14.643
Quarterly Revenue Growth
0.025
Return On Assets
0.1052
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.
0.00
03/24/2024
No Change 0.00  0.0 
In 31 days
04/23/2024
0.00
If you would invest  0.00  in Photronics on March 24, 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 Sunrun, and Sunnova Energy. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Photronics' 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.
Hype
Prediction
LowEstimatedHigh
22.4425.5728.70
Details
Intrinsic
Valuation
LowRealHigh
24.6727.8030.93
Details
1 Analysts
Consensus
LowTargetHigh
25.4828.0031.08
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.550.550.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Photronics. Your research has to be compared to or analyzed against Photronics' peers to derive any actionable benefits. When done correctly, Photronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Photronics.

Photronics Backtested Returns

Photronics maintains Sharpe Ratio (i.e., Efficiency) of -0.0845, which implies the firm had a -0.0845% return per unit of risk over the last 3 months. Photronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Photronics' Risk Adjusted Performance of (0.02), coefficient of variation of (2,152), and Variance of 10.08 to confirm the risk estimate we provide. The company holds a Beta of 2.5, 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 has an expected return of -0.26%. Please make sure to check Photronics accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Photronics performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.16  

Very weak predictability

Photronics has very weak predictability. Overlapping area represents the amount of predictability between Photronics time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 0.16 indicates that over 16.0% of current Photronics price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test-0.02
Residual Average0.0
Price Variance1.26

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  

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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.
Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Photronics' price analysis, check to measure Photronics' 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 Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Photronics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Photronics 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...