Plains Gp Holdings Stock Market Value
| PAGP Stock | USD 18.47 0.20 1.09% |
| Symbol | Plains |
Plains GP Holdings Price To Book Ratio
Is Plains GP's 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 Plains GP. If investors know Plains 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 Plains GP 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 (0.67) | Dividend Share 1.12 | Earnings Share 1.01 | Revenue Per Share 249.805 | Quarterly Revenue Growth (0.02) |
The market value of Plains GP Holdings is measured differently than its book value, which is the value of Plains that is recorded on the company's balance sheet. Investors also form their own opinion of Plains GP's value that differs from its market value or its book value, called intrinsic value, which is Plains GP'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 Plains GP's market value can be influenced by many factors that don't directly affect Plains GP'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 Plains GP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plains GP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plains GP'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.
Plains GP '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 Plains GP'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 Plains GP.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Plains GP on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Plains GP Holdings or generate 0.0% return on investment in Plains GP over 720 days. Plains GP is related to or competes with Targa Resources, Equitrans Midstream, Western Midstream, MPLX LP, NuStar Energy, Plains All, and Genesis Energy. Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy... More
Plains GP 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 Plains GP'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 Plains GP Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.1248 | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.73 |
Plains GP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plains GP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plains GP's standard deviation. In reality, there are many statistical measures that can use Plains GP historical prices to predict the future Plains GP's volatility.| Risk Adjusted Performance | 0.1159 | |||
| Jensen Alpha | 0.1389 | |||
| Total Risk Alpha | 0.1009 | |||
| Sortino Ratio | 0.1194 | |||
| Treynor Ratio | 0.2121 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plains GP'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.
Plains GP Holdings Backtested Returns
Plains GP appears to be very steady, given 3 months investment horizon. Plains GP Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Plains GP Holdings, which you can use to evaluate the volatility of the company. Please evaluate Plains GP's Risk Adjusted Performance of 0.1159, coefficient of variation of 563.53, and Semi Deviation of 0.8824 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Plains GP holds a performance score of 16. The company holds a Beta of 0.83, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plains GP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plains GP is expected to be smaller as well. Please check Plains GP's standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Plains GP's historical price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Plains GP Holdings has good predictability. Overlapping area represents the amount of predictability between Plains GP time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Plains GP Holdings price movement. The serial correlation of 0.78 indicates that around 78.0% of current Plains GP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 2.34 |
Plains GP Holdings lagged returns against current returns
Autocorrelation, which is Plains GP 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 Plains GP's stock expected returns. We can calculate the autocorrelation of Plains GP returns to help us make a trade decision. For example, suppose you find that Plains GP 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 |
Plains GP 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 Plains GP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plains GP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plains GP stock over time.
Current vs Lagged Prices |
| Timeline |
Plains GP Lagged Returns
When evaluating Plains GP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plains GP stock have on its future price. Plains GP 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, Plains GP autocorrelation shows the relationship between Plains GP stock current value and its past values and can show if there is a momentum factor associated with investing in Plains GP Holdings.
Regressed Prices |
| Timeline |
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Check out Plains GP Correlation, Plains GP Volatility and Plains GP Alpha and Beta module to complement your research on Plains GP. Note that the Plains GP Holdings information on this page should be used as a complementary analysis to other Plains GP's 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 the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Plains Stock analysis
When running Plains GP's price analysis, check to measure Plains GP'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 Plains GP is operating at the current time. Most of Plains GP's value examination focuses on studying past and present price action to predict the probability of Plains GP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plains GP's price. Additionally, you may evaluate how the addition of Plains GP to your portfolios can decrease your overall portfolio volatility.
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Plains GP 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.