Purecycle Stock Market Value

PCT
 Stock
  

USD 8.73  0.33  3.93%   

Purecycle Technologies' market value is the price at which a share of Purecycle Technologies stock trades on a public exchange. It measures the collective expectations of Purecycle Technologies investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Purecycle Technologies and determine expected loss or profit from investing in Purecycle Technologies over a given investment horizon. Please check Purecycle Technologies Correlation, Purecycle Technologies Volatility and Purecycle Technologies Alpha and Beta module to complement your research on Purecycle Technologies.
Symbol


Is Purecycle Technologies' industry 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 Purecycle Technologies. If investors know Purecycle 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 Purecycle Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Purecycle Technologies is measured differently than its book value, which is the value of Purecycle that is recorded on the company's balance sheet. Investors also form their own opinion of Purecycle Technologies' value that differs from its market value or its book value, called intrinsic value, which is Purecycle Technologies' 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 Purecycle Technologies' market value can be influenced by many factors that don't directly affect Purecycle Technologies' 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 Purecycle Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Purecycle Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purecycle Technologies' 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.

Purecycle Technologies '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 Purecycle Technologies' 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 Purecycle Technologies.
0.00
08/29/2022
No Change 0.00  0.0 
In 30 days
09/28/2022
0.00
If you would invest  0.00  in Purecycle Technologies on August 29, 2022 and sell it all today you would earn a total of 0.00 from holding Purecycle Technologies or generate 0.0% return on investment in Purecycle Technologies over 30 days. PureCycle Technologies, Inc. produces recycled polypropylene More

Purecycle Technologies 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 Purecycle Technologies' 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 Purecycle Technologies upside and downside potential and time the market with a certain degree of confidence.

Purecycle Technologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Purecycle Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purecycle Technologies' standard deviation. In reality, there are many statistical measures that can use Purecycle Technologies historical prices to predict the future Purecycle Technologies' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Purecycle Technologies' 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. Please use the tools below to analyze the current value of Purecycle Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
4.548.8013.06
Details
Intrinsic
Valuation
LowReal ValueHigh
4.038.2912.55
Details
Naive
Forecast
LowNext ValueHigh
3.707.9612.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.129.4410.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Purecycle Technologies. Your research has to be compared to or analyzed against Purecycle Technologies' peers to derive any actionable benefits. When done correctly, Purecycle Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Purecycle Technologies.

Purecycle Technologies Backtested Returns

Purecycle Technologies appears to be slightly risky, given 3 months investment horizon. Purecycle Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0824, which implies the firm had 0.0824% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Purecycle Technologies, which you can use to evaluate the future volatility of the company. Please evaluate Purecycle Technologies' Semi Deviation of 4.24, coefficient of variation of 3457.92, and Risk Adjusted Performance of 0.0392 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Purecycle Technologies holds a performance score of 6. The company holds a Beta of 1.6105, which implies a somewhat significant risk relative to the market. Let's try to break down what Purecycle's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Purecycle Technologies will likely underperform. Although it is vital to follow Purecycle Technologies current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Purecycle Technologies technical indicators, you can presently evaluate if the expected return of 0.34% will be sustainable into the future. Please employ Purecycle Technologies potential upside, as well as the relationship between the kurtosis and day typical price to make a quick decision on whether Purecycle Technologies historical price patterns will revert.

Auto-correlation

    
  -0.92  

Near perfect reversele predictability

Purecycle Technologies has near perfect reversele predictability. Overlapping area represents the amount of predictability between Purecycle Technologies time series from 29th of August 2022 to 13th of September 2022 and 13th of September 2022 to 28th of September 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Purecycle Technologies price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Purecycle Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient-0.92
Spearman Rank Test-0.86
Residual Average0.0
Price Variance0.49

Purecycle Technologies lagged returns against current returns

Autocorrelation, which is Purecycle Technologies 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 Purecycle Technologies' stock expected returns. We can calculate the autocorrelation of Purecycle Technologies returns to help us make a trade decision. For example, suppose you find that Purecycle Technologies stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Purecycle Technologies 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 Purecycle Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purecycle Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purecycle Technologies stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Purecycle Technologies Lagged Returns

When evaluating Purecycle Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purecycle Technologies stock have on its future price. Purecycle Technologies 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, Purecycle Technologies autocorrelation shows the relationship between Purecycle Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Purecycle Technologies.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Purecycle Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Volatility Now

   

Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
All  Next Launch Module

Currently Active Assets on Macroaxis

Please check Purecycle Technologies Correlation, Purecycle Technologies Volatility and Purecycle Technologies Alpha and Beta module to complement your research on Purecycle Technologies. Note that the Purecycle Technologies information on this page should be used as a complementary analysis to other Purecycle Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Purecycle Stock analysis

When running Purecycle Technologies price analysis, check to measure Purecycle Technologies' 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 Purecycle Technologies is operating at the current time. Most of Purecycle Technologies' value examination focuses on studying past and present price action to predict the probability of Purecycle Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Purecycle Technologies' price. Additionally, you may evaluate how the addition of Purecycle Technologies to your portfolios can decrease your overall portfolio volatility.
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Purecycle Technologies 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.
A focus of Purecycle Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Purecycle Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...