Planet Fitness (Germany) Market Value
| 3PL Stock | EUR 97.00 0.50 0.52% |
| 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.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Planet Fitness on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Planet Fitness or generate 0.0% return on investment in Planet Fitness over 30 days. Planet Fitness is related to or competes with Oriental Land, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness n... 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.1839 | |||
| Maximum Drawdown | 17.53 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.21 |
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 | 0.1631 | |||
| Jensen Alpha | 0.478 | |||
| Total Risk Alpha | 0.4449 | |||
| Sortino Ratio | 0.2978 | |||
| Treynor Ratio | 1.02 |
Planet Fitness Backtested Returns
Planet Fitness appears to be very steady, given 3 months investment horizon. Planet Fitness maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Planet Fitness' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate Planet Fitness' Risk Adjusted Performance of 0.1631, semi deviation of 1.1, and Coefficient Of Variation of 519.22 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 15. The company holds a Beta of 0.47, 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 | -0.77 |
Almost perfect reverse predictability
Planet Fitness has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Planet Fitness time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 2025. 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 price movement. The serial correlation of -0.77 indicates that around 77.0% of current Planet Fitness price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
Planet Fitness 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.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Planet Stock
When determining whether Planet Fitness is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Planet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Planet Fitness Stock. Highlighted below are key reports to facilitate an investment decision about Planet Fitness Stock:Check out Planet Fitness Correlation, Planet Fitness Volatility and Planet Fitness Alpha and Beta module to complement your research on Planet Fitness. For more detail on how to invest in Planet Stock please use our How to Invest in Planet Fitness guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Planet Fitness 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.