Entain Plc Stock Market Value
| GMVHF Stock | USD 9.05 0.25 2.84% |
| 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 pink sheet 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.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Entain Plc on June 24, 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 888 Holdings. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin online and ... 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 pink sheet 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 | (0.05) | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 5.42 |
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 | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.33) |
Entain Plc Backtested Returns
Entain Plc secures Sharpe Ratio (or Efficiency) of -0.0358, which denotes the company had a -0.0358% return per unit of risk over the last 3 months. Entain Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Entain Plc's Mean Deviation of 2.32, standard deviation of 3.29, and Variance of 10.82 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, 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. At this point, Entain Plc has a negative expected return of -0.12%. Please make sure to confirm Entain Plc's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Entain Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Entain Plc has virtually no predictability. Overlapping area represents the amount of predictability between Entain Plc time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 0.09 indicates that less than 9.0% of current Entain Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Entain Plc lagged returns against current returns
Autocorrelation, which is Entain Plc pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entain Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entain Plc pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
Entain Plc financial ratios help investors to determine whether Entain Pink Sheet 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.