Polestar Automotive Holding Stock Market Value
| PSNY Stock | USD 1.06 0.02 1.85% |
| Symbol | Polestar |
Polestar Automotive Price To Book Ratio
Is Automobile Manufacturers 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 Polestar Automotive. If investors know Polestar 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 Polestar Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.67) | Revenue Per Share 0.97 | Quarterly Revenue Growth (0.19) | Return On Assets (0.23) | Return On Equity (3.98) |
The market value of Polestar Automotive is measured differently than its book value, which is the value of Polestar that is recorded on the company's balance sheet. Investors also form their own opinion of Polestar Automotive's value that differs from its market value or its book value, called intrinsic value, which is Polestar Automotive'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 Polestar Automotive's market value can be influenced by many factors that don't directly affect Polestar Automotive'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 Polestar Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polestar Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polestar Automotive'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.
Polestar Automotive '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 Polestar Automotive'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 Polestar Automotive.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Polestar Automotive on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Polestar Automotive Holding or generate 0.0% return on investment in Polestar Automotive over 390 days. Polestar Automotive is related to or competes with Lucid, Rivian Automotive, Canoo, Nio, Xpeng, Mullen Automotive, and Faraday Future. Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles More
Polestar Automotive 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 Polestar Automotive'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 Polestar Automotive Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.75 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 6.78 |
Polestar Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polestar Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polestar Automotive's standard deviation. In reality, there are many statistical measures that can use Polestar Automotive historical prices to predict the future Polestar Automotive's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.36) |
Polestar Automotive Backtested Returns
Polestar Automotive maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Polestar Automotive exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polestar Automotive's Coefficient Of Variation of (796.58), risk adjusted performance of (0.09), and Variance of 23.2 to confirm the risk estimate we provide. The company holds a Beta of 1.71, 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, Polestar Automotive will likely underperform. At this point, Polestar Automotive has a negative expected return of -0.63%. Please make sure to check Polestar Automotive's information ratio, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Polestar Automotive performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Polestar Automotive Holding has weak reverse predictability. Overlapping area represents the amount of predictability between Polestar Automotive time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Polestar Automotive price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Polestar Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Polestar Automotive lagged returns against current returns
Autocorrelation, which is Polestar Automotive 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 Polestar Automotive's stock expected returns. We can calculate the autocorrelation of Polestar Automotive returns to help us make a trade decision. For example, suppose you find that Polestar Automotive 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 |
Polestar Automotive 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 Polestar Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polestar Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polestar Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Polestar Automotive Lagged Returns
When evaluating Polestar Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polestar Automotive stock have on its future price. Polestar Automotive 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, Polestar Automotive autocorrelation shows the relationship between Polestar Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Polestar Automotive Holding.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Polestar Stock Analysis
When running Polestar Automotive's price analysis, check to measure Polestar Automotive'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 Polestar Automotive is operating at the current time. Most of Polestar Automotive's value examination focuses on studying past and present price action to predict the probability of Polestar Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polestar Automotive's price. Additionally, you may evaluate how the addition of Polestar Automotive to your portfolios can decrease your overall portfolio volatility.