Plymouth Industrial Reit Stock Market Value
| PLYM Stock | USD 18.74 0.08 0.43% |
| Symbol | Plymouth |
Plymouth Industrial REIT Price To Book Ratio
Is Diversified REITs 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 Plymouth Industrial. If investors know Plymouth 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 Plymouth Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.945 | Earnings Share 0.02 | Revenue Per Share 4.484 | Quarterly Revenue Growth 0.042 | Return On Assets 0.0152 |
The market value of Plymouth Industrial REIT is measured differently than its book value, which is the value of Plymouth that is recorded on the company's balance sheet. Investors also form their own opinion of Plymouth Industrial's value that differs from its market value or its book value, called intrinsic value, which is Plymouth Industrial'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 Plymouth Industrial's market value can be influenced by many factors that don't directly affect Plymouth Industrial'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 Plymouth Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plymouth Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plymouth Industrial'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.
Plymouth Industrial '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 Plymouth Industrial'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 Plymouth Industrial.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Plymouth Industrial on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Plymouth Industrial REIT or generate 0.0% return on investment in Plymouth Industrial over 30 days. Plymouth Industrial is related to or competes with Rexford Industrial, EastGroup Properties, LXP Industrial, First Industrial, Terreno Realty, Global Self, and Americold Realty. Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the a... More
Plymouth Industrial 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 Plymouth Industrial'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 Plymouth Industrial REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 1.28 |
Plymouth Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plymouth Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plymouth Industrial's standard deviation. In reality, there are many statistical measures that can use Plymouth Industrial historical prices to predict the future Plymouth Industrial's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plymouth Industrial'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.
Plymouth Industrial REIT Backtested Returns
Plymouth Industrial REIT maintains Sharpe Ratio (i.e., Efficiency) of -0.22, which implies the firm had a -0.22% return per unit of risk over the last 3 months. Plymouth Industrial REIT exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plymouth Industrial's Risk Adjusted Performance of (0.16), coefficient of variation of (459.32), and Variance of 2.38 to confirm the risk estimate we provide. The company holds a Beta of 1.14, which implies a somewhat significant risk relative to the market. Plymouth Industrial returns are very sensitive to returns on the market. As the market goes up or down, Plymouth Industrial is expected to follow. At this point, Plymouth Industrial REIT has a negative expected return of -0.34%. Please make sure to check Plymouth Industrial's potential upside and day median price , to decide if Plymouth Industrial REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Plymouth Industrial REIT has very weak predictability. Overlapping area represents the amount of predictability between Plymouth Industrial time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Plymouth Industrial REIT price movement. The serial correlation of 0.16 indicates that over 16.0% of current Plymouth Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Plymouth Industrial REIT lagged returns against current returns
Autocorrelation, which is Plymouth Industrial 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 Plymouth Industrial's stock expected returns. We can calculate the autocorrelation of Plymouth Industrial returns to help us make a trade decision. For example, suppose you find that Plymouth Industrial 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 |
Plymouth Industrial 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 Plymouth Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plymouth Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plymouth Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Plymouth Industrial Lagged Returns
When evaluating Plymouth Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plymouth Industrial stock have on its future price. Plymouth Industrial 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, Plymouth Industrial autocorrelation shows the relationship between Plymouth Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Plymouth Industrial REIT.
Regressed Prices |
| Timeline |
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Plymouth Industrial 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.