Entain Plc (Germany) Market Value
| 6GI Stock | EUR 8.49 0.10 1.16% |
| Symbol | Entain |
Entain Plc '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 Entain Plc'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 Entain Plc.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Entain Plc on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Entain Plc or generate 0.0% return on investment in Entain Plc over 180 days. Entain Plc is related to or competes with Las Vegas, Galaxy Entertainment, Sands China, MGM Resorts, Wynn Resorts, ENTAIN PLC, and Entain Plc. GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, r... More
Entain Plc 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 Entain Plc'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 Entain Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.69 |
Entain Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entain Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entain Plc's standard deviation. In reality, there are many statistical measures that can use Entain Plc historical prices to predict the future Entain Plc's volatility.| Risk Adjusted Performance | 0.0045 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.06) |
Entain Plc Backtested Returns
At this point, Entain Plc is somewhat reliable. Entain Plc secures Sharpe Ratio (or Efficiency) of 0.0137, which denotes the company had a 0.0137% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Entain Plc, which you can use to evaluate the volatility of the firm. Please confirm Entain Plc's Standard Deviation of 2.69, variance of 7.23, and Mean Deviation of 1.92 to check if the risk estimate we provide is consistent with the expected return of 0.0365%. Entain Plc has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Entain Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entain Plc is expected to be smaller as well. Entain Plc right now shows a risk of 2.66%. Please confirm Entain Plc total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Entain Plc will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
Entain Plc has poor predictability. Overlapping area represents the amount of predictability between Entain Plc time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Entain Plc price movement. The serial correlation of 0.25 indicates that over 25.0% of current Entain Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Entain Plc lagged returns against current returns
Autocorrelation, which is Entain Plc 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 Entain Plc's stock expected returns. We can calculate the autocorrelation of Entain Plc returns to help us make a trade decision. For example, suppose you find that Entain Plc 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 |
Entain Plc 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 Entain Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entain Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entain Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Entain Plc Lagged Returns
When evaluating Entain Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entain Plc stock have on its future price. Entain Plc 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, Entain Plc autocorrelation shows the relationship between Entain Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Entain Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Entain Stock
Entain Plc financial ratios help investors to determine whether Entain Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Entain with respect to the benefits of owning Entain Plc security.