Photronics Stock Market Value

PLAB
 Stock
  

USD 18.69  0.06  0.32%   

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


Is Photronics' 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 Photronics. If investors know Photronics 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 Photronics 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 YOY
0.82
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0878
Return On Equity
0.15
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' 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 Photronics' market value can be influenced by many factors that don't directly affect Photronics' 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 Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Photronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' 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.

Photronics '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 Photronics' 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 Photronics.
0.00
11/05/2022
No Change 0.00  0.0 
In 30 days
12/05/2022
0.00
If you would invest  0.00  in Photronics on November 5, 2022 and sell it all today you would earn a total of 0.00 from holding Photronics or generate 0.0% return on investment in Photronics over 30 days. Photronics is related to or competes with Amtech Systems. Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services... More

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

Photronics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Photronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Photronics' standard deviation. In reality, there are many statistical measures that can use Photronics historical prices to predict the future Photronics' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Photronics' 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 Photronics in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
16.4518.7521.05
Details
Intrinsic
Valuation
LowReal ValueHigh
16.8819.1821.48
Details
3 Analysts
Consensus
LowTarget PriceHigh
16.0020.6724.00
Details
Earnings
Estimates (3)
LowProjected EPSHigh
1.271.301.33
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Photronics. Your research has to be compared to or analyzed against Photronics' peers to derive any actionable benefits. When done correctly, Photronics' 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 Photronics.

Photronics Backtested Returns

Photronics appears to be not too volatile, given 3 months investment horizon. Photronics maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had 0.14% 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-one technical indicators for Photronics, which you can use to evaluate the future volatility of the company. Please evaluate Photronics' Risk Adjusted Performance of 0.1198, semi deviation of 2.24, and Coefficient Of Variation of 1272.52 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Photronics holds a performance score of 10. The company holds a Beta of 1.2182, which implies a somewhat significant risk relative to the market. Let's try to break down what Photronics'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, Photronics will likely underperform. Although it is vital to follow Photronics 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 Photronics technical indicators, you can presently evaluate if the expected return of 0.32% will be sustainable into the future. Please employ Photronics jensen alpha, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance to make a quick decision on whether Photronics historical price patterns will revert.

Auto-correlation

    
  -0.49  

Modest reverse predictability

Photronics has modest reverse predictability. Overlapping area represents the amount of predictability between Photronics time series from 5th of November 2022 to 20th of November 2022 and 20th of November 2022 to 5th of December 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 Photronics price movement. The serial correlation of -0.49 indicates that about 49.0% of current Photronics price fluctuation can be explain by its past prices.
Correlation Coefficient-0.49
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.02

Photronics lagged returns against current returns

Autocorrelation, which is Photronics 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 Photronics' stock expected returns. We can calculate the autocorrelation of Photronics returns to help us make a trade decision. For example, suppose you find that Photronics 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   
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       Timeline  

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

Photronics Lagged Returns

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

Photronics Investors Sentiment

The influence of Photronics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Photronics. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Photronics' public news can be used to forecast risks associated with investment in Photronics. The trend in average sentiment can be used to explain how an investor holding Photronics can time the market purely based on public headlines and social activities around Photronics. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Photronics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Photronics' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Photronics' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Photronics.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Photronics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Photronics' short interest history, or implied volatility extrapolated from Photronics options trading.

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Please check Photronics Correlation, Photronics Volatility and Photronics Alpha and Beta module to complement your research on Photronics. Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Photronics Stock analysis

When running Photronics price analysis, check to measure Photronics' 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 Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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Photronics 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 Photronics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Photronics 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...