Pinnacle West Capital Stock Market Value
| PNW Stock | USD 72.97 1.00 1.39% |
| Symbol | Pinnacle |
Pinnacle West Capital Price To Book Ratio
Is Pinnacle West'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 Pinnacle West. If investors know Pinnacle 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 Pinnacle West 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 0.215 | Dividend Share 3.475 | Earnings Share 4.41 | Revenue Per Share 41.396 | Quarterly Revenue Growth (0.02) |
The market value of Pinnacle West Capital is measured differently than its book value, which is the value of Pinnacle that is recorded on the company's balance sheet. Investors also form their own opinion of Pinnacle West's value that differs from its market value or its book value, called intrinsic value, which is Pinnacle West'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 Pinnacle West's market value can be influenced by many factors that don't directly affect Pinnacle West'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 Pinnacle West's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pinnacle West is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pinnacle West'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.
Pinnacle West '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 Pinnacle West'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 Pinnacle West.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Pinnacle West on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Pinnacle West Capital or generate 0.0% return on investment in Pinnacle West over 30 days. Pinnacle West is related to or competes with CMS Energy, Ameren Corp, MGE Energy, Evergy Common, DTE Energy, Alliant Energy, and CenterPoint Energy. Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale... More
Pinnacle West 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 Pinnacle West'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 Pinnacle West Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.08 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.14 |
Pinnacle West Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pinnacle West's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pinnacle West's standard deviation. In reality, there are many statistical measures that can use Pinnacle West historical prices to predict the future Pinnacle West's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0355 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pinnacle West'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.
Pinnacle West Capital Backtested Returns
We consider Pinnacle West very steady. Pinnacle West Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.0608, which implies the firm had a 0.0608% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pinnacle West Capital, which you can use to evaluate the volatility of the company. Please check Pinnacle West's Risk Adjusted Performance of 0.0256, coefficient of variation of 3098.62, and Semi Deviation of 1.3 to confirm if the risk estimate we provide is consistent with the expected return of 0.0812%. Pinnacle West has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.93, which implies possible diversification benefits within a given portfolio. Pinnacle West returns are very sensitive to returns on the market. As the market goes up or down, Pinnacle West is expected to follow. Pinnacle West Capital right now holds a risk of 1.34%. Please check Pinnacle West Capital value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Pinnacle West Capital will be following its historical price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Pinnacle West Capital has modest reverse predictability. Overlapping area represents the amount of predictability between Pinnacle West time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 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 Pinnacle West Capital price movement. The serial correlation of -0.49 indicates that about 49.0% of current Pinnacle West price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Pinnacle West Capital lagged returns against current returns
Autocorrelation, which is Pinnacle West 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 Pinnacle West's stock expected returns. We can calculate the autocorrelation of Pinnacle West returns to help us make a trade decision. For example, suppose you find that Pinnacle West 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 |
Pinnacle West 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 Pinnacle West stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pinnacle West stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pinnacle West stock over time.
Current vs Lagged Prices |
| Timeline |
Pinnacle West Lagged Returns
When evaluating Pinnacle West's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pinnacle West stock have on its future price. Pinnacle West 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, Pinnacle West autocorrelation shows the relationship between Pinnacle West stock current value and its past values and can show if there is a momentum factor associated with investing in Pinnacle West Capital.
Regressed Prices |
| Timeline |
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Check out Pinnacle West Correlation, Pinnacle West Volatility and Pinnacle West Alpha and Beta module to complement your research on Pinnacle West. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Pinnacle Stock analysis
When running Pinnacle West's price analysis, check to measure Pinnacle West'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 Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.
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Pinnacle West 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.