Plexus Corp Stock Market Value
| PLXS Stock | USD 162.33 2.21 1.34% |
| Symbol | Plexus |
Plexus Corp Price To Book Ratio
Is Electronic Equipment, Instruments & Components space 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 Plexus Corp. If investors know Plexus 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 Plexus Corp 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 0.027 | Earnings Share 4 | Revenue Per Share 144.572 | Quarterly Revenue Growth 0.026 | Return On Assets 0.0363 |
The market value of Plexus Corp is measured differently than its book value, which is the value of Plexus that is recorded on the company's balance sheet. Investors also form their own opinion of Plexus Corp's value that differs from its market value or its book value, called intrinsic value, which is Plexus Corp's 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 Plexus Corp's market value can be influenced by many factors that don't directly affect Plexus Corp's 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 Plexus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plexus Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plexus Corp's 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.
Plexus Corp '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 Plexus Corp's 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 Plexus Corp.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Plexus Corp on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Plexus Corp or generate 0.0% return on investment in Plexus Corp over 720 days. Plexus Corp is related to or competes with Richardson Electronics, Interlink Electronics, SigmaTron International, Ouster, MicroCloud Hologram, LightPath Technologies, and Daktronics. Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Mi... More
Plexus Corp 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 Plexus Corp's 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 Plexus Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.1361 | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 3.38 |
Plexus Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plexus Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plexus Corp's standard deviation. In reality, there are many statistical measures that can use Plexus Corp historical prices to predict the future Plexus Corp's volatility.| Risk Adjusted Performance | 0.1583 | |||
| Jensen Alpha | 0.189 | |||
| Total Risk Alpha | 0.0759 | |||
| Sortino Ratio | 0.1759 | |||
| Treynor Ratio | 0.2267 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plexus Corp's 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.
Plexus Corp Backtested Returns
Plexus Corp appears to be very steady, given 3 months investment horizon. Plexus Corp 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. We have found twenty-eight technical indicators for Plexus Corp, which you can use to evaluate the volatility of the company. Please evaluate Plexus Corp's Coefficient Of Variation of 502.92, risk adjusted performance of 0.1583, and Semi Deviation of 1.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plexus Corp holds a performance score of 14. The company holds a Beta of 1.78, 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, Plexus Corp will likely underperform. Please check Plexus Corp's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Plexus Corp's historical price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Plexus Corp has insignificant predictability. Overlapping area represents the amount of predictability between Plexus Corp time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Plexus Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Plexus Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 350.67 |
Plexus Corp lagged returns against current returns
Autocorrelation, which is Plexus Corp 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 Plexus Corp's stock expected returns. We can calculate the autocorrelation of Plexus Corp returns to help us make a trade decision. For example, suppose you find that Plexus Corp 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 |
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Plexus Corp 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 Plexus Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plexus Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plexus Corp stock over time.
Current vs Lagged Prices |
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Plexus Corp Lagged Returns
When evaluating Plexus Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plexus Corp stock have on its future price. Plexus Corp 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, Plexus Corp autocorrelation shows the relationship between Plexus Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Plexus Corp.
Regressed Prices |
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Additional Tools for Plexus Stock Analysis
When running Plexus Corp's price analysis, check to measure Plexus Corp's 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 Plexus Corp is operating at the current time. Most of Plexus Corp's value examination focuses on studying past and present price action to predict the probability of Plexus Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plexus Corp's price. Additionally, you may evaluate how the addition of Plexus Corp to your portfolios can decrease your overall portfolio volatility.