Planet Fitness (Brazil) Market Value
| P2LN34 Stock | 68.03 0.06 0.09% |
| 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.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Planet Fitness on December 19, 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 90 days. Planet Fitness is related to or competes with Live Nation, MAHLE Metal, METISA Metalrgica, Charter Communications, Ross Stores, Zoom Video, and Salesforce. 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 2.39 |
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 | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0351 | |||
| Treynor Ratio | (0.54) |
Planet Fitness Backtested Returns
Planet Fitness maintains Sharpe Ratio (i.e., Efficiency) of -0.0684, which implies the firm had a -0.0684 % return per unit of risk over the last 3 months. Planet Fitness exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Planet Fitness' Risk Adjusted Performance of (0.06), variance of 3.4, and Coefficient Of Variation of (1,265) to confirm the risk estimate we provide. The company holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. 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. At this point, Planet Fitness has a negative expected return of -0.13%. Please make sure to check Planet Fitness' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Planet Fitness performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Planet Fitness has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Planet Fitness time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 -0.75 indicates that around 75.0% of current Planet Fitness price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 20.8 |
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 |
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 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 information on how to trade Planet Stock refer to our How to Trade Planet Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.