Betmakers Technology (Australia) Market Value
| BET Stock | 0.11 0.01 8.33% |
| Symbol | Betmakers |
Betmakers Technology '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 Betmakers Technology'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 Betmakers Technology.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Betmakers Technology on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Betmakers Technology Group or generate 0.0% return on investment in Betmakers Technology over 60 days. Betmakers Technology is related to or competes with Coronado Global. Betmakers Technology is entity of Australia More
Betmakers Technology 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 Betmakers Technology'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 Betmakers Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.48 | |||
| Information Ratio | 0.0786 | |||
| Maximum Drawdown | 46.43 | |||
| Value At Risk | (9.00) | |||
| Potential Upside | 10.0 |
Betmakers Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Betmakers Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Betmakers Technology's standard deviation. In reality, there are many statistical measures that can use Betmakers Technology historical prices to predict the future Betmakers Technology's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.6299 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | (4.91) |
Betmakers Technology Backtested Returns
Betmakers Technology appears to be out of control, given 3 months investment horizon. Betmakers Technology secures Sharpe Ratio (or Efficiency) of 0.0748, which signifies that the company had a 0.0748% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Betmakers Technology Group, which you can use to evaluate the volatility of the firm. Please makes use of Betmakers Technology's Mean Deviation of 4.06, downside deviation of 6.48, and Risk Adjusted Performance of 0.0797 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Betmakers Technology holds a performance score of 5. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Betmakers Technology are expected to decrease at a much lower rate. During the bear market, Betmakers Technology is likely to outperform the market. Please check Betmakers Technology's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Betmakers Technology's price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Betmakers Technology Group has below average predictability. Overlapping area represents the amount of predictability between Betmakers Technology time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Betmakers Technology price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Betmakers Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Betmakers Technology lagged returns against current returns
Autocorrelation, which is Betmakers Technology 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 Betmakers Technology's stock expected returns. We can calculate the autocorrelation of Betmakers Technology returns to help us make a trade decision. For example, suppose you find that Betmakers Technology 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 |
Betmakers Technology 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 Betmakers Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Betmakers Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Betmakers Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Betmakers Technology Lagged Returns
When evaluating Betmakers Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Betmakers Technology stock have on its future price. Betmakers Technology 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, Betmakers Technology autocorrelation shows the relationship between Betmakers Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Betmakers Technology Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Betmakers Stock Analysis
When running Betmakers Technology's price analysis, check to measure Betmakers Technology'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 Betmakers Technology is operating at the current time. Most of Betmakers Technology's value examination focuses on studying past and present price action to predict the probability of Betmakers Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Betmakers Technology's price. Additionally, you may evaluate how the addition of Betmakers Technology to your portfolios can decrease your overall portfolio volatility.