Churchill Downs (Germany) Market Value
| CHR Stock | EUR 108.00 1.00 0.92% |
| Symbol | Churchill |
Churchill Downs '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 Churchill Downs' 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 Churchill Downs.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Churchill Downs on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Churchill Downs Incorporated or generate 0.0% return on investment in Churchill Downs over 30 days. Churchill Downs is related to or competes with Keck Seng, Gladstone Investment, Corporate Office, PennantPark Investment, and SLR Investment. Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United State... More
Churchill Downs 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 Churchill Downs' 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 Churchill Downs Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 4.22 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.71 |
Churchill Downs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Churchill Downs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Churchill Downs' standard deviation. In reality, there are many statistical measures that can use Churchill Downs historical prices to predict the future Churchill Downs' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 53.67 |
Churchill Downs Backtested Returns
Churchill Downs secures Sharpe Ratio (or Efficiency) of -0.29, which signifies that the company had a -0.29 % return per unit of risk over the last 3 months. Churchill Downs Incorporated exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Churchill Downs' Risk Adjusted Performance of (0.21), mean deviation of 0.9243, and Standard Deviation of 1.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0062, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Churchill Downs are expected to decrease at a much lower rate. During the bear market, Churchill Downs is likely to outperform the market. At this point, Churchill Downs has a negative expected return of -0.32%. Please make sure to confirm Churchill Downs' daily balance of power, price action indicator, and the relationship between the skewness and day median price , to decide if Churchill Downs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Churchill Downs Incorporated has good predictability. Overlapping area represents the amount of predictability between Churchill Downs time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Churchill Downs price movement. The serial correlation of 0.68 indicates that around 68.0% of current Churchill Downs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 10.24 |
Churchill Downs lagged returns against current returns
Autocorrelation, which is Churchill Downs 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 Churchill Downs' stock expected returns. We can calculate the autocorrelation of Churchill Downs returns to help us make a trade decision. For example, suppose you find that Churchill Downs 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 |
Churchill Downs 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 Churchill Downs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Churchill Downs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Churchill Downs stock over time.
Current vs Lagged Prices |
| Timeline |
Churchill Downs Lagged Returns
When evaluating Churchill Downs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Churchill Downs stock have on its future price. Churchill Downs 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, Churchill Downs autocorrelation shows the relationship between Churchill Downs stock current value and its past values and can show if there is a momentum factor associated with investing in Churchill Downs Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Churchill Stock
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:Check out Churchill Downs Correlation, Churchill Downs Volatility and Churchill Downs Alpha and Beta module to complement your research on Churchill Downs. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Churchill Downs 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.