Prologis Stock Market Value
| PLD Stock | USD 107.68 0.19 0.18% |
| Symbol | Prologis |
Is Prologis' 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 Prologis. If investors know Prologis 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 Prologis 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 Prologis is measured differently than its book value, which is the value of Prologis that is recorded on the company's balance sheet. Investors also form their own opinion of Prologis' value that differs from its market value or its book value, called intrinsic value, which is Prologis' 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 Prologis' market value can be influenced by many factors that don't directly affect Prologis' 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 Prologis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prologis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prologis' 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.
Prologis '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 Prologis' 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 Prologis.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Prologis on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding Prologis or generate 0.0% return on investment in Prologis over 30 days. Prologis is related to or competes with Extra Space, CubeSmart, STAG Industrial, Innovative Industrial, Public Storage, National Storage, and Terreno Realty. Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets More
Prologis 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 Prologis' 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 Prologis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.16 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.14 |
Prologis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prologis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prologis' standard deviation. In reality, there are many statistical measures that can use Prologis historical prices to predict the future Prologis' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prologis' 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.
Prologis Backtested Returns
Prologis maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Prologis exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prologis' Coefficient Of Variation of (565.06), variance of 2.51, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The company holds a Beta of 1.39, 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, Prologis will likely underperform. Prologis has an expected return of -0.28%. Please make sure to check Prologis skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Prologis performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Prologis has good reverse predictability. Overlapping area represents the amount of predictability between Prologis time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 Prologis price movement. The serial correlation of -0.52 indicates that about 52.0% of current Prologis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 4.36 |
Prologis lagged returns against current returns
Autocorrelation, which is Prologis 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 Prologis' stock expected returns. We can calculate the autocorrelation of Prologis returns to help us make a trade decision. For example, suppose you find that Prologis 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 |
Prologis 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 Prologis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prologis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prologis stock over time.
Current vs Lagged Prices |
| Timeline |
Prologis Lagged Returns
When evaluating Prologis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prologis stock have on its future price. Prologis 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, Prologis autocorrelation shows the relationship between Prologis stock current value and its past values and can show if there is a momentum factor associated with investing in Prologis.
Regressed Prices |
| Timeline |
Prologis Investors Sentiment
The influence of Prologis' 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 Prologis. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Prologis' public news can be used to forecast risks associated with an investment in Prologis. The trend in average sentiment can be used to explain how an investor holding Prologis can time the market purely based on public headlines and social activities around Prologis. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Prologis' 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 Prologis' 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 Prologis' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Prologis.
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 Prologis 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, Prologis' short interest history, or implied volatility extrapolated from Prologis options trading.
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Check out Prologis Correlation, Prologis Volatility and Prologis Alpha and Beta module to complement your research on Prologis. For information on how to trade Prologis Stock refer to our How to Trade Prologis Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Prologis Stock analysis
When running Prologis' price analysis, check to measure Prologis' 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 Prologis is operating at the current time. Most of Prologis' value examination focuses on studying past and present price action to predict the probability of Prologis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prologis' price. Additionally, you may evaluate how the addition of Prologis to your portfolios can decrease your overall portfolio volatility.
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Prologis 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.