Planet Fitness (UK) Market Value
| 0KJD Stock | 99.80 0.93 0.92% |
| Symbol | Planet |
Planet Fitness '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 Planet Fitness' 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 Planet Fitness.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Planet Fitness on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Planet Fitness Cl or generate 0.0% return on investment in Planet Fitness over 180 days. Planet Fitness is related to or competes with Silvercorp Metals, Future Metals, Sovereign Metals, Adriatic Metals, Beeks Trading, Hansa Investment, and GreenX Metals. Planet Fitness is entity of United Kingdom More
Planet Fitness 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 Planet Fitness' 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 Planet Fitness Cl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.0916 | |||
| Maximum Drawdown | 14.33 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.64 |
Planet Fitness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Planet Fitness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Planet Fitness' standard deviation. In reality, there are many statistical measures that can use Planet Fitness historical prices to predict the future Planet Fitness' volatility.| Risk Adjusted Performance | 0.1208 | |||
| Jensen Alpha | 0.24 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1345 | |||
| Treynor Ratio | 0.4147 |
Planet Fitness Cl Backtested Returns
Planet Fitness appears to be very steady, given 3 months investment horizon. Planet Fitness Cl maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Planet Fitness Cl, which you can use to evaluate the volatility of the company. Please evaluate Planet Fitness' Coefficient Of Variation of 670.48, semi deviation of 1.28, and Risk Adjusted Performance of 0.1208 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Planet Fitness holds a performance score of 12. The company holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Planet Fitness' returns are expected to increase less than the market. However, during the bear market, the loss of holding Planet Fitness is expected to be smaller as well. Please check Planet Fitness' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Planet Fitness' historical price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Planet Fitness Cl has good predictability. Overlapping area represents the amount of predictability between Planet Fitness time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Planet Fitness Cl price movement. The serial correlation of 0.71 indicates that around 71.0% of current Planet Fitness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 52.91 |
Planet Fitness Cl lagged returns against current returns
Autocorrelation, which is Planet Fitness 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 Planet Fitness' stock expected returns. We can calculate the autocorrelation of Planet Fitness returns to help us make a trade decision. For example, suppose you find that Planet Fitness 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 |
Planet Fitness 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 Planet Fitness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Planet Fitness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Planet Fitness stock over time.
Current vs Lagged Prices |
| Timeline |
Planet Fitness Lagged Returns
When evaluating Planet Fitness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Planet Fitness stock have on its future price. Planet Fitness 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, Planet Fitness autocorrelation shows the relationship between Planet Fitness stock current value and its past values and can show if there is a momentum factor associated with investing in Planet Fitness Cl.
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.Additional Tools for Planet Stock Analysis
When running Planet Fitness' price analysis, check to measure Planet Fitness' 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 Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.